Price for Electrical Fuses for Under 1000 V in Ghana - 2023
Contents:
- Price for Electrical Fuses for Under 1000 V in Ghana (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Ghana (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Ghana
- Exports of Electrical Fuses for Under 1000 V in Ghana
Price for Electrical Fuses for Under 1000 V in Ghana (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $9.4 per thousand units, which is down by -8.4% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 96%. As a result, import price reached the peak level of $20 per thousand units. From 2015 to 2022, the average 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 South Africa ($39 per thousand units), while the price for the United Arab Emirates ($1.6 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Ghana (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $0.1 per unit, picking up by 906% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The export price peaked at $3.3 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($0.1 per unit), while the average price for exports to the Netherlands (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 recorded for supplies to the United Arab Emirates (-7.3%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Fuses for Under 1000 V in Ghana
In 2022, overseas purchases of electrical fuses for under 1000 v decreased by -48.5% to 90M units for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at 174M units in 2021, and then shrank remarkably in the following year.
In value terms, imports of electrical fuses for under 1000 v fell notably to $848K in 2022. Over the period under review, imports, however, posted a notable increase. Over the period under review, imports of hit record highs at $1.8M in 2021, and then fell rapidly in the following year.
| Import of Electrical Fuses for Under 1000 V in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 119 | N/A | 446 | 255 | 28.9% |
| India | 110 | N/A | 668 | 238 | 29.3% |
| United Kingdom | 30.3 | N/A | 333 | 102 | 49.9% |
| United States | 82.1 | N/A | 65.2 | 71.5 | -4.5% |
| United Arab Emirates | 22.7 | N/A | 66.3 | 21.6 | -1.6% |
| Belgium | 9.8 | N/A | 12.0 | 18.1 | 22.7% |
| Others | 373 | N/A | 209 | 142 | -27.5% |
| Total | 746 | N/A | 1,800 | 848 | 4.4% |
Top Suppliers of Electrical Fuses for Under 1000 V to Ghana in 2022:
- China (37.0M units)
- India (20.8M units)
- United Arab Emirates (13.7M units)
- United Kingdom (6.9M units)
- United States (3.3M units)
- Belgium (2.0M units)
Exports of Electrical Fuses for Under 1000 V in Ghana
In 2022, after two years of decline, there was significant decline in overseas shipments of electrical fuses for under 1000 v, when their volume decreased by -54.5% to 127K units. Over the period under review, exports, however, saw a significant expansion. Over the period under review, the exports of reached the maximum at 280K units in 2021, and then declined markedly in the following year.
In value terms, exports of electrical fuses for under 1000 v soared to $9.5K in 2022. Overall, exports, however, showed a significant increase. 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 Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burkina Faso | N/A | N/A | N/A | 7.5 | 0% |
| Belgium | N/A | N/A | N/A | 2.0 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | N/A | 0% |
| Cote d'Ivoire | 0.2 | N/A | 0.6 | N/A | 73.2% |
| Mali | N/A | N/A | 1.2 | N/A | 0% |
| Guinea | N/A | N/A | 0.1 | N/A | 0% |
| South Africa | 0.1 | N/A | N/A | N/A | 0% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.3 | N/A | 2.1 | 9.5 | 216.4% |
Top Export Markets for Electrical Fuses for Under 1000 V from Ghana in 2022:
- Burkina Faso (97.0K units)
- Belgium (26.1K units)
- Netherlands (4.4K units)
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