Price for Electrical Fuses for over 1000 V in Venezuela - 2022
Contents:
- Price for Electrical Fuses for over 1000 V in Venezuela (CIF) - 2022
- Price for Electrical Fuses for over 1000 V in Venezuela (FOB) - 2022
- Imports of Electrical Fuses for over 1000 V in Venezuela
- Exports of Electrical Fuses for over 1000 V in Venezuela
Price for Electrical Fuses for over 1000 V in Venezuela (CIF) - 2022
The average import price for electrical fuses for over 1000 v stood at $0.8 per unit in 2022, dropping by -8.8% against the previous year. In general, the import price showed a pronounced contraction. The growth pace was the most rapid in 2021 an increase of 55% against the previous year. Over the period under review, average import prices reached the peak figure at $2.2 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($2.8 per unit), while the price for the Dominican Republic ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Fuses for over 1000 V in Venezuela (FOB) - 2022
In 2022, the average export price for electrical fuses for over 1000 v amounted to $3.2 per unit, reducing by -11.6% against the previous year. In general, the export price showed a slight setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 24%. The export price peaked at $5.2 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Panama.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +35.3% per year.
Imports of Electrical Fuses for over 1000 V in Venezuela
After two years of decline, supplies from abroad of electrical fuses for over 1000 v increased by 143% to 315K units in 2022. Overall, imports, however, faced a sharp downturn. Imports peaked at 1M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electrical fuses for over 1000 v soared to $250K in 2022. Over the period under review, imports, however, showed a sharp contraction. Over the period under review, imports of hit record highs at $738K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electrical Fuses for over 1000 V in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 148 | 41.0 | 47.9 | 95.4 | -13.6% |
| China | 36.0 | 17.4 | 5.0 | 38.6 | 2.4% |
| Dominican Republic | 30.9 | 8.7 | 10.2 | 20.5 | -12.8% |
| United States | 364 | 46.8 | 8.6 | 15.2 | -65.3% |
| Others | 160 | 39.3 | 41.3 | 80.8 | -20.4% |
| Total | 738 | 153 | 113 | 250 | -30.3% |
Top Suppliers of Electrical Fuses for over 1000 V to Venezuela in 2022:
- China (151.0K units)
- Dominican Republic (97.1K units)
- Panama (40.6K units)
- United States (10.2K units)
Exports of Electrical Fuses for over 1000 V in Venezuela
In 2022, exports of electrical fuses for over 1000 v from Venezuela expanded markedly to 217 units, growing by 14% on the previous year's figure. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 74%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of electrical fuses for over 1000 v totaled $691 in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 47%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Electrical Fuses for over 1000 V in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 299 | 521 | 503 | 691 | 32.2% |
| Chile | 55.0 | N/A | 185 | N/A | 83.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 354 | 521 | 688 | 691 | 25.0% |
Top Export Markets for Electrical Fuses for over 1000 V from Venezuela in 2022:
- Panama (217.0 units)
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