Price for Electrical Fuses for over 1000 V in Vietnam - 2022
Contents:
- Price for Electrical Fuses for over 1000 V in Vietnam (CIF) - 2022
- Price for Electrical Fuses for over 1000 V in Vietnam (FOB) - 2022
- Imports of Electrical Fuses for over 1000 V in Vietnam
- Exports of Electrical Fuses for over 1000 V in Vietnam
Price for Electrical Fuses for over 1000 V in Vietnam (CIF) - 2022
In 2022, the average import price for electrical fuses for over 1000 v amounted to $4.5 per unit, increasing by 3.4% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of 79% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($4.5 per unit) and Mexico ($4.5 per unit), while the price for Malaysia ($4.5 per unit) and South Korea ($4.5 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for over 1000 V in Vietnam (FOB) - 2022
In 2022, the average export price for electrical fuses for over 1000 v amounted to $3.7 per unit, increasing by 16% against the previous year. In general, the export price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of 56% against the previous year. As a result, the export price reached the peak level of $8.2 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($4.2 per unit) and Japan ($3.7 per unit), while the average price for exports to Taiwan (Chinese) ($3.7 per unit) and South Korea ($3.7 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Fuses for over 1000 V in Vietnam
In 2022, approx. 1.5M units of electrical fuses for over 1000 v were imported into Vietnam; which is down by -14.7% compared with the year before. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.7%. Over the period under review, imports of reached the peak figure at 1.8M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of electrical fuses for over 1000 v shrank to $6.9M in 2022. Over the period under review, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 12%. As a result, imports reached the peak of $7.9M, and then fell in the following year.
| Import of Electrical Fuses for over 1000 V in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,620 | 3,508 | 3,830 | 3,434 | -1.7% |
| Japan | 1,238 | 1,013 | 1,261 | 1,301 | 1.7% |
| South Korea | 276 | 514 | 573 | 339 | 7.1% |
| Mexico | 487 | 333 | 471 | 308 | -14.2% |
| Philippines | 297 | 241 | 276 | 284 | -1.5% |
| Taiwan (Chinese) | 160 | 140 | 143 | 241 | 14.6% |
| Malaysia | 131 | 108 | 157 | 152 | 5.1% |
| Spain | 147 | 158 | 134 | 139 | -1.8% |
| Czech Republic | 240 | 66.0 | 230 | 41.0 | -44.5% |
| Others | 905 | 931 | 781 | 696 | -8.4% |
| Total | 7,499 | 7,012 | 7,856 | 6,934 | -2.6% |
Top Suppliers of Electrical Fuses for over 1000 V to Vietnam in 2022:
- China (766.9K units)
- Japan (290.6K units)
- South Korea (75.8K units)
- Mexico (68.8K units)
- Philippines (63.4K units)
- Taiwan (Chinese) (53.7K units)
- Malaysia (33.9K units)
- Spain (31.0K units)
- Czech Republic (9.2K units)
Exports of Electrical Fuses for over 1000 V in Vietnam
Exports of electrical fuses for over 1000 v from Vietnam stood at 620K units in 2022, surging by 3.7% against the previous year's figure. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 51% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of electrical fuses for over 1000 v surged to $2.3M in 2022. The total export value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Electrical Fuses for over 1000 V in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 49.9 | 93.3 | 249 | 1,071 | 177.9% |
| Malaysia | 789 | 1,045 | 1,050 | 706 | -3.6% |
| Cambodia | 655 | 312 | 275 | 222 | -30.3% |
| Taiwan (Chinese) | 25.1 | 132 | 28.8 | 218 | 105.6% |
| South Korea | 57.7 | 87.6 | 87.1 | 19.2 | -30.7% |
| United States | 6.9 | 1.7 | 187 | 4.7 | -12.0% |
| Others | 82.1 | 33.1 | 34.8 | 51.8 | -14.2% |
| Total | 1,666 | 1,704 | 1,911 | 2,293 | 11.2% |
Top Export Markets for Electrical Fuses for over 1000 V from Vietnam in 2022:
- Japan (289.8K units)
- Malaysia (190.9K units)
- Cambodia (60.2K units)
- Taiwan (Chinese) (59.0K units)
- South Korea (5.2K units)
- United States (1.3K units)
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