Price for Electrical Fuses for Under 1000 V in China - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in China (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in China (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in China
- Exports of Electrical Fuses for Under 1000 V in China
Price for Electrical Fuses for Under 1000 V in China (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $0.1 per unit, rising by 14% against the previous year. In general, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 29% against the previous year. Over the period under review, average import prices reached the maximum at $0.2 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Romania ($2.5 per unit), while the price for Greece (less than $0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+45.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in China (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $75 per thousand units, increasing by 31% against the previous year. In general, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
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 the UK ($231 per thousand units), while the average price for exports to Syrian Arab Republic ($4.5 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 the UK (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in China
In 2022, purchases abroad of electrical fuses for under 1000 v decreased by -25.3% to 5.4B units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of 7.2B units, and then reduced dramatically in the following year.
In value terms, imports of electrical fuses for under 1000 v contracted sharply to $554M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 36%. Imports peaked at $652M in 2021, and then fell markedly in the following year.
| Import of Electrical Fuses for Under 1000 V in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 103 | 113 | 152 | 136 | 9.7% |
| Philippines | 51.5 | 53.0 | 71.2 | 67.8 | 9.6% |
| Mexico | 45.2 | 53.3 | 73.2 | 61.7 | 10.9% |
| Thailand | 53.0 | 57.9 | 73.0 | 44.0 | -6.0% |
| Taiwan (Chinese) | 34.9 | 39.1 | 55.1 | 42.6 | 6.9% |
| South Korea | 17.3 | 14.3 | 14.2 | 11.8 | -12.0% |
| Hungary | 5.6 | 5.6 | 7.4 | 6.2 | 3.5% |
| Greece | 2.3 | 2.3 | 3.1 | 5.0 | 29.5% |
| Others | 64.1 | 175 | 202 | 178 | 40.6% |
| Total | 377 | 513 | 652 | 554 | 13.7% |
Top Suppliers of Electrical Fuses for Under 1000 V to China in 2022:
- Japan (2341.4M units)
- Mexico (965.4M units)
- Thailand (557.6M units)
- Taiwan (Chinese) (424.6M units)
- South Korea (233.8M units)
- Philippines (127.8M units)
- Greece (126.0M units)
- Hungary (106.1M units)
Exports of Electrical Fuses for Under 1000 V in China
In 2022, exports of electrical fuses for under 1000 v from China dropped remarkably to 5.4B units, waning by -19.4% on 2021. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports reached the peak of 6.7B units, and then fell significantly in the following year.
In value terms, exports of electrical fuses for under 1000 v expanded significantly to $406M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.1% 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 +73.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Electrical Fuses for Under 1000 V in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 83.6 | 116 | 143 | 126 | 14.7% |
| United States | 17.7 | 17.0 | 24.7 | 33.1 | 23.2% |
| South Korea | 15.6 | 16.5 | 20.7 | 24.5 | 16.2% |
| Japan | 15.4 | 13.8 | 19.6 | 22.9 | 14.1% |
| Singapore | 5.2 | 6.7 | 8.1 | 16.4 | 46.6% |
| United Kingdom | 11.9 | 11.3 | 16.3 | 16.1 | 10.6% |
| Vietnam | 5.1 | 9.8 | 16.3 | 15.4 | 44.5% |
| Netherlands | 8.9 | 9.3 | 14.6 | 14.5 | 17.7% |
| India | 5.3 | 6.2 | 9.1 | 12.0 | 31.3% |
| Taiwan (Chinese) | 5.7 | 6.8 | 11.0 | 8.4 | 13.8% |
| Philippines | 1.9 | 2.3 | 3.5 | 3.5 | 22.6% |
| Nigeria | 1.4 | 1.7 | 2.5 | 1.9 | 10.7% |
| Syrian Arab Republic | 0.8 | 0.3 | 0.1 | 0.4 | -20.6% |
| Others | 56.2 | 61.0 | 96.3 | 111 | 25.5% |
| Total | 235 | 278 | 385 | 406 | 20.0% |
Top Export Markets for Electrical Fuses for Under 1000 V from China in 2022:
- Hong Kong SAR (1915.4M units)
- Vietnam (624.4M units)
- South Korea (304.2M units)
- United States (237.1M units)
- India (224.9M units)
- Taiwan (Chinese) (207.3M units)
- Netherlands (151.8M units)
- Japan (143.6M units)
- Singapore (136.0M units)
- Philippines (118.2M units)
- Syrian Arab Republic (88.5M units)
- United Kingdom (69.6M units)
- Nigeria (59.7M units)
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