Price for Electrical Fuses for Under 1000 V in Belgium - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Belgium (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Belgium (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Belgium
- Exports of Electrical Fuses for Under 1000 V in Belgium
Price for Electrical Fuses for Under 1000 V in Belgium (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $33 per thousand units, waning by -19.3% against the previous year. In general, the import price recorded a perceptible descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 15%. The import price peaked at $46 per thousand units in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($250 per thousand units), while the price for the Netherlands ($12 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Belgium (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $46 per thousand units in 2022, shrinking by -5.2% against the previous year. In general, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2016 an increase of 9.7%. Over the period under review, the average export prices reached the maximum at $65 per thousand units in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($65 per thousand units), while the average price for exports to Slovakia ($22 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Electrical Fuses for Under 1000 V in Belgium
After three years of growth, overseas purchases of electrical fuses for under 1000 v decreased by -35% to 643M units in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 168% against the previous year. As a result, imports attained the peak of 990M units, and then fell dramatically in the following year.
In value terms, imports of electrical fuses for under 1000 v fell remarkably to $21M in 2022. In general, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 208% against the previous year. As a result, imports attained the peak of $41M, and then declined markedly in the following year.
| Import of Electrical Fuses for Under 1000 V in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.7 | 3.1 | 4.9 | 130.5% |
| Germany | 2.5 | 2.9 | 23.4 | 4.4 | 20.7% |
| Netherlands | 1.4 | 1.6 | 2.1 | 2.9 | 27.5% |
| France | 2.0 | 1.8 | 2.3 | 2.6 | 9.1% |
| Ireland | 0.8 | 1.8 | 2.6 | 1.7 | 28.6% |
| Italy | 0.3 | 0.7 | 1.1 | 0.7 | 32.6% |
| Hungary | 0.6 | 0.1 | 0.8 | 0.5 | -5.9% |
| Japan | 1.1 | 0.8 | 1.2 | 0.5 | -23.1% |
| Slovenia | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Others | 3.1 | 2.5 | 3.8 | 2.9 | -2.2% |
| Total | 12.5 | 13.2 | 40.8 | 21.4 | 19.6% |
Top Suppliers of Electrical Fuses for Under 1000 V to Belgium in 2022:
- Netherlands (244.3M units)
- Germany (175.2M units)
- Ireland (65.2M units)
- France (46.3M units)
- China (40.6M units)
- Slovenia (17.8M units)
- Hungary (8.0M units)
- Japan (7.6M units)
- Italy (6.9M units)
Exports of Electrical Fuses for Under 1000 V in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas shipments of electrical fuses for under 1000 v, which increased by 4.2% to 420M units in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.5% 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 +70.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of electrical fuses for under 1000 v contracted modestly to $19M in 2022. The total export value increased at an average annual rate of +10.1% 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 29% against the previous year. As a result, the exports reached the peak of $20M, and then dropped in the following year.
| Export of Electrical Fuses for Under 1000 V in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2,942 | 3,016 | 4,049 | 2,963 | 0.2% |
| Italy | 1,271 | 1,261 | 1,769 | 2,896 | 31.6% |
| Germany | 703 | 1,362 | 1,877 | 1,987 | 41.4% |
| Spain | 2,092 | 2,290 | 2,022 | 1,169 | -17.6% |
| Hungary | 378 | 529 | 965 | 868 | 31.9% |
| Netherlands | 1,039 | 690 | 1,096 | 865 | -5.9% |
| China | 390 | 379 | 425 | 435 | 3.7% |
| United Kingdom | 621 | 724 | 808 | 366 | -16.2% |
| Romania | 394 | 244 | 682 | 341 | -4.7% |
| Austria | 126 | 180 | 309 | 336 | 38.7% |
| Denmark | 124 | 229 | 343 | 309 | 35.6% |
| Poland | 92.3 | 151 | 212 | 298 | 47.8% |
| Slovakia | 72.4 | 209 | 411 | 227 | 46.4% |
| Others | 4,241 | 3,914 | 4,593 | 6,264 | 13.9% |
| Total | 14,487 | 15,178 | 19,559 | 19,325 | 10.1% |
Top Export Markets for Electrical Fuses for Under 1000 V from Belgium in 2022:
- Italy (86.5M units)
- Germany (64.0M units)
- France (52.0M units)
- Hungary (36.0M units)
- Netherlands (29.1M units)
- Spain (23.7M units)
- Austria (14.3M units)
- Denmark (10.8M units)
- Slovakia (10.2M units)
- United Kingdom (8.6M units)
- Romania (8.1M units)
- Poland (6.7M units)
- China (6.7M units)
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