Price for Electrical Fuses for Under 1000 V in India - 2023
Contents:
- Price for Electrical Fuses for Under 1000 V in India (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in India (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in India
- Exports of Electrical Fuses for Under 1000 V in India
Price for Electrical Fuses for Under 1000 V in India (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $92 per thousand units, approximately equating the previous year. In general, the import price posted a strong increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 69%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($92 per thousand units) and Japan ($92 per thousand units), while the price for France ($92 per thousand units) and South Korea ($92 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in India (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $87 per thousand units in 2022, waning by -4.5% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 105%. Over the period under review, the average export prices reached the maximum at $91 per thousand units in 2021, and then reduced slightly in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($87 per thousand units) and the United States ($87 per thousand units), while the average price for exports to South Korea ($87 per thousand units) and the UK ($87 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in India
In 2022, imports of electrical fuses for under 1000 v into India reached 735M units, surging by 11% against the previous year. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 35%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of electrical fuses for under 1000 v expanded markedly to $67M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Electrical Fuses for Under 1000 V in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 6.1 | 14.1 | 18.2 | 37.5% |
| Japan | 7.0 | 7.8 | 11.2 | 11.7 | 18.7% |
| Singapore | 6.4 | 4.9 | 6.0 | 7.6 | 5.9% |
| Hong Kong SAR | 2.4 | 2.2 | 4.4 | 5.8 | 34.2% |
| United States | 6.3 | 3.6 | 4.9 | 5.2 | -6.2% |
| Germany | 4.0 | 3.6 | 5.6 | 5.1 | 8.4% |
| South Korea | 2.9 | 2.1 | 3.1 | 3.5 | 6.5% |
| France | 2.1 | 1.6 | 1.8 | 1.9 | -3.3% |
| Switzerland | 2.0 | 1.0 | 0.9 | 0.9 | -23.4% |
| Others | 8.6 | 8.1 | 8.7 | 7.6 | -4.0% |
| Total | 48.7 | 41.0 | 60.5 | 67.5 | 11.5% |
Top Suppliers of Electrical Fuses for Under 1000 V to India in 2022:
- China (198.1M units)
- Japan (127.5M units)
- Singapore (82.3M units)
- Hong Kong SAR (62.8M units)
- United States (57.0M units)
- Germany (55.6M units)
- South Korea (37.9M units)
- France (20.8M units)
- Switzerland (10.0M units)
Exports of Electrical Fuses for Under 1000 V in India
In 2022, approx. 496M units of electrical fuses for under 1000 v were exported from India; which is down by -8.8% on 2021 figures. Over the period under review, exports saw a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 15%. Over the period under review, the exports of attained the peak figure at 572M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electrical fuses for under 1000 v reduced to $43M in 2022. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of $49M, and then shrank in the following year.
| Export of Electrical Fuses for Under 1000 V in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.3 | 5.9 | 9.1 | 7.1 | -5.1% |
| Hong Kong SAR | 5.5 | 5.4 | 8.1 | 5.7 | 1.2% |
| Nigeria | 3.8 | 2.8 | 3.7 | 3.5 | -2.7% |
| South Korea | 1.9 | 2.1 | 1.9 | 2.6 | 11.0% |
| United States | 1.7 | 1.1 | 1.7 | 2.2 | 9.0% |
| Kuwait | 0.6 | 0.6 | 0.8 | 2.2 | 54.2% |
| Saudi Arabia | 0.5 | 1.2 | 1.8 | 1.7 | 50.4% |
| Nepal | 3.0 | 2.9 | 3.5 | 1.5 | -20.6% |
| France | 1.6 | 1.6 | 1.7 | 1.4 | -4.4% |
| Germany | 0.2 | 0.7 | 0.3 | 1.3 | 86.6% |
| Australia | 1.2 | 1.0 | 1.5 | 1.2 | 0.0% |
| Switzerland | 1.0 | 0.5 | 1.3 | 1.2 | 6.3% |
| China | 0.9 | 1.0 | 1.4 | 0.9 | 0.0% |
| Others | 15.5 | 13.4 | 12.7 | 10.6 | -11.9% |
| Total | 45.8 | 40.3 | 49.5 | 43.1 | -2.0% |
Top Export Markets for Electrical Fuses for Under 1000 V from India in 2022:
- United Kingdom (81.1M units)
- Hong Kong SAR (65.6M units)
- Nigeria (40.5M units)
- South Korea (30.0M units)
- Kuwait (24.9M units)
- United States (24.8M units)
- Saudi Arabia (19.7M units)
- Nepal (17.4M units)
- France (16.5M units)
- Germany (15.5M units)
- Switzerland (13.6M units)
- Australia (13.2M units)
- China (10.7M units)
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