Price for Electrical Fuses for Under 1000 V in Australia - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Australia (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Australia (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Australia
- Exports of Electrical Fuses for Under 1000 V in Australia
Price for Electrical Fuses for Under 1000 V in Australia (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $92 per thousand units, growing by 4.8% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when the average import price increased by 112% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Philippines ($92 per thousand units) and India ($92 per thousand units), while the price for Slovakia ($92 per thousand units) and France ($92 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Australia (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $87 per thousand units in 2022, increasing by 4.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($87 per thousand units) and India ($87 per thousand units), while the average price for exports to Singapore ($87 per thousand units) and New Zealand ($87 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in Australia
In 2022, the amount of electrical fuses for under 1000 v imported into Australia declined to 133M units, waning by -5.8% against 2021 figures. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of 142M units, and then contracted in the following year.
In value terms, imports of electrical fuses for under 1000 v declined slightly to $12M in 2022. The total import value increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of $12M, and then shrank in the following year.
Import of Electrical Fuses for Under 1000 V in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,438 | 2,630 | 3,186 | 3,452 | 12.3% |
India | 1,207 | 1,110 | 1,713 | 1,303 | 2.6% |
Mexico | 659 | 740 | 1,083 | 1,196 | 22.0% |
Taiwan (Chinese) | 462 | 544 | 993 | 969 | 28.0% |
South Korea | 15.2 | 8.7 | 853 | 798 | 274.4% |
Germany | 1,057 | 797 | 854 | 704 | -12.7% |
United States | 792 | 798 | 719 | 615 | -8.1% |
France | 362 | 154 | 325 | 439 | 6.6% |
Philippines | 102 | 198 | 309 | 379 | 54.9% |
Hungary | 224 | 300 | 399 | 337 | 14.6% |
New Zealand | 14.5 | 15.9 | 127 | 316 | 179.3% |
Slovakia | 478 | 401 | 385 | 299 | -14.5% |
Spain | 168 | 185 | 133 | 288 | 19.7% |
Others | 1,189 | 1,176 | 1,319 | 1,151 | -1.1% |
Total | 9,168 | 9,056 | 12,399 | 12,247 | 10.1% |
Top Suppliers of Electrical Fuses for Under 1000 V to Australia in 2022:
- China (37.6M units)
- India (14.2M units)
- Mexico (13.0M units)
- Taiwan (Chinese) (10.6M units)
- South Korea (8.7M units)
- Germany (7.7M units)
- United States (6.7M units)
- France (4.8M units)
- Philippines (4.1M units)
- Hungary (3.7M units)
- New Zealand (3.4M units)
- Slovakia (3.3M units)
- Spain (3.1M units)
Exports of Electrical Fuses for Under 1000 V in Australia
In 2022, approx. 35M units of electrical fuses for under 1000 v were exported from Australia; growing by 19% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 23% against the previous year. As a result, the exports reached the peak of 44M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of electrical fuses for under 1000 v skyrocketed to $3.1M in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $3.4M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
Export of Electrical Fuses for Under 1000 V in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 654 | 824 | 1,170 | 1,593 | 34.5% |
Malaysia | 722 | 82.8 | 96.0 | 290 | -26.2% |
United States | 394 | 355 | 235 | 200 | -20.2% |
Mongolia | 1.0 | 0.1 | 4.2 | 155 | 437.2% |
Indonesia | 34.9 | 46.5 | 57.2 | 154 | 64.0% |
China | 147 | 5.4 | 33.3 | 96.9 | -13.0% |
Philippines | 3.5 | 2.4 | 11.8 | 94.3 | 199.8% |
Fiji | 8.4 | 32.4 | 15.8 | 93.2 | 123.0% |
Papua New Guinea | 75.8 | 97.7 | 58.5 | 64.2 | -5.4% |
Singapore | 33.0 | 16.8 | 212 | 61.0 | 22.7% |
Saudi Arabia | N/A | 1,362 | 0.1 | 6.3 | -93.2% |
India | 290 | 9.7 | 61.4 | 3.0 | -78.2% |
Mexico | N/A | 419 | N/A | N/A | 0% |
Others | 540 | 187 | 505 | 248 | -22.8% |
Total | 2,904 | 3,440 | 2,460 | 3,058 | 1.7% |
Top Export Markets for Electrical Fuses for Under 1000 V from Australia in 2022:
- New Zealand (18.3M units)
- Malaysia (3.3M units)
- United States (2.3M units)
- Indonesia (1.8M units)
- Mongolia (1.8M units)
- Philippines (1.1M units)
- China (1.1M units)
- Fiji (1.1M units)
- Singapore (0.7M units)
- Papua New Guinea (0.7M units)
- Saudi Arabia (0.1M units)
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