Price for Electrical Fuses for Under 1000 V in Colombia - 2022
Contents:
- Price for Electrical Fuses for Under 1000 V in Colombia (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Colombia (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Colombia
- Exports of Electrical Fuses for Under 1000 V in Colombia
Price for Electrical Fuses for Under 1000 V in Colombia (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $48 per thousand units, growing by 10% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electrical fuses for under 1000 v decreased by -3.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 45%. As a result, import price attained the peak level of $50 per thousand units. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($230 per thousand units), while the price for China ($19 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 United States (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Colombia (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $32 per thousand units, approximately mirroring the previous year. Overall, the export price, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 31%. Over the period under review, the average export prices reached the maximum at $45 per thousand units in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 Peru ($58 per thousand units), while the average price for exports to Costa Rica ($18 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 Mexico (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in Colombia
In 2022, imports of electrical fuses for under 1000 v into Colombia expanded slightly to 59M units, growing by 3% against the previous year. Over the period under review, imports, however, showed a abrupt downturn. Imports peaked at 91M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of electrical fuses for under 1000 v expanded sharply to $2.9M in 2022. Overall, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Imports peaked at $4.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Fuses for Under 1000 V in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 509 | 432 | 625 | 591 | 5.1% |
| United States | 1,770 | 524 | 379 | 517 | -33.7% |
| Mexico | 1,013 | 183 | 186 | 257 | -36.7% |
| Turkey | 144 | 122 | 316 | 238 | 18.2% |
| Sweden | 148 | 81.3 | 120 | 174 | 5.5% |
| Taiwan (Chinese) | 169 | 97.4 | 117 | 142 | -5.6% |
| Japan | 111 | 53.0 | 79.7 | 112 | 0.3% |
| France | 123 | 112 | 264 | 110 | -3.7% |
| Germany | 106 | 196 | 68.0 | 105 | -0.3% |
| Brazil | 61.6 | 22.4 | 17.7 | 85.1 | 11.4% |
| Tunisia | 21.7 | 19.1 | 63.2 | 61.8 | 41.7% |
| Others | 338 | 280 | 289 | 465 | 11.2% |
| Total | 4,513 | 2,122 | 2,524 | 2,858 | -14.1% |
Top Suppliers of Electrical Fuses for Under 1000 V to Colombia in 2022:
- China (31.5M units)
- Taiwan (Chinese) (4.1M units)
- Brazil (3.7M units)
- Turkey (3.2M units)
- Germany (2.8M units)
- Sweden (2.5M units)
- Mexico (2.3M units)
- United States (2.3M units)
- Tunisia (1.2M units)
- Japan (1.1M units)
- France (0.8M units)
Exports of Electrical Fuses for Under 1000 V in Colombia
In 2022, the amount of electrical fuses for under 1000 v exported from Colombia skyrocketed to 10M units, with an increase of 25% against 2021. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.3% 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 +73.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of electrical fuses for under 1000 v skyrocketed to $329K in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 +64.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electrical Fuses for Under 1000 V in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 79.2 | 77.2 | 85.6 | 120 | 14.9% |
| Costa Rica | 74.7 | 60.5 | 64.0 | 65.7 | -4.2% |
| Venezuela | 1.8 | N/A | 0.8 | 53.7 | 210.1% |
| United States | 1.6 | 7.3 | 4.2 | 25.3 | 151.0% |
| Chile | 1.2 | 0.1 | 0.8 | 15.3 | 133.6% |
| Peru | N/A | 1.8 | 25.3 | 10.1 | 136.9% |
| Ecuador | 0.6 | 1.7 | 0.6 | 9.4 | 150.2% |
| Others | 41.2 | 82.7 | 79.1 | 29.5 | -10.5% |
| Total | 200 | 231 | 260 | 329 | 18.0% |
Top Export Markets for Electrical Fuses for Under 1000 V from Colombia in 2022:
- Mexico (4.0M units)
- Costa Rica (3.5M units)
- Venezuela (1.1M units)
- United States (0.7M units)
- Chile (0.4M units)
- Peru (0.2M units)
- Ecuador (0.2M units)
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