Price for Electrical Fuses for Under 1000 V in Finland - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Finland (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Finland (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Finland
- Exports of Electrical Fuses for Under 1000 V in Finland
Price for Electrical Fuses for Under 1000 V in Finland (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $38 per thousand units, reducing by -12.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 16%. Over the period under review, average import prices attained the maximum at $45 per thousand units in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($115 per thousand units), while the price for India ($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 Germany (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Finland (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $53 per thousand units, waning by -13.8% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 an increase of 24% against the previous year. The export price peaked at $74 per thousand units in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($86 per thousand units), while the average price for exports to Latvia ($25 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 South Korea (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in Finland
For the fourth year in a row, Finland recorded growth in supplies from abroad of electrical fuses for under 1000 v, which increased by 24% to 363M units in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of electrical fuses for under 1000 v rose sharply to $14M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value 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, imports increased by +53.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Fuses for Under 1000 V in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.8 | 1.4 | 2.4 | 3.0 | 18.6% |
| Sweden | 0.5 | 1.3 | 1.9 | 2.6 | 73.2% |
| France | 2.3 | 2.6 | 2.2 | 2.0 | -4.6% |
| China | 0.7 | 0.2 | 1.9 | 1.5 | 28.9% |
| United Kingdom | 1.3 | 1.7 | 0.1 | 1.0 | -8.4% |
| Netherlands | 0.1 | 0.7 | 0.8 | 0.8 | 100.0% |
| Estonia | 0.6 | 0.6 | 0.5 | 0.5 | -5.9% |
| Others | 1.8 | 1.5 | 2.9 | 2.5 | 11.6% |
| Total | 9.0 | 9.9 | 12.7 | 13.8 | 15.3% |
Top Suppliers of Electrical Fuses for Under 1000 V to Finland in 2022:
- Sweden (115.4M units)
- France (79.6M units)
- Germany (65.2M units)
- China (43.4M units)
- Estonia (15.2M units)
- United Kingdom (9.0M units)
- Netherlands (8.3M units)
Exports of Electrical Fuses for Under 1000 V in Finland
For the fourth consecutive year, Finland recorded growth in shipments abroad of electrical fuses for under 1000 v, which increased by 20% to 114M units in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 23%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of electrical fuses for under 1000 v rose slightly to $6M in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 40%. As a result, the exports reached the peak of $6.3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Electrical Fuses for Under 1000 V in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1,204 | 1,412 | 1,162 | 1,118 | -2.4% |
| Italy | 614 | 676 | 769 | 757 | 7.2% |
| Sweden | 99.0 | 143 | 223 | 452 | 65.9% |
| United States | 147 | 155 | 279 | 407 | 40.4% |
| Turkey | 105 | 150 | 273 | 257 | 34.8% |
| Germany | 169 | 140 | 287 | 250 | 13.9% |
| Russia | 367 | 655 | 694 | 230 | -14.4% |
| Lithuania | 142 | 143 | 236 | 196 | 11.3% |
| Singapore | 266 | 183 | 203 | 153 | -16.8% |
| Poland | 48.8 | 65.7 | 82.8 | 152 | 46.0% |
| Brazil | 49.6 | 113 | 82.6 | 143 | 42.3% |
| South Korea | 34.8 | 80.8 | 60.3 | 141 | 59.4% |
| Latvia | 64.0 | 43.2 | 64.7 | 69.7 | 2.9% |
| Others | 1,223 | 2,383 | 1,401 | 1,696 | 11.5% |
| Total | 4,533 | 6,343 | 5,816 | 6,022 | 9.9% |
Top Export Markets for Electrical Fuses for Under 1000 V from Finland in 2022:
- Estonia (27.7M units)
- Italy (17.6M units)
- Sweden (13.3M units)
- Lithuania (6.7M units)
- United States (4.7M units)
- Russia (4.6M units)
- Poland (4.0M units)
- Singapore (3.7M units)
- Brazil (3.6M units)
- Germany (3.5M units)
- Turkey (3.1M units)
- Latvia (2.8M units)
- South Korea (1.8M units)
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