Price for Electrical Fuses for Under 1000 V in Italy - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Italy (FOB) - 2022
- Price for Electrical Fuses for Under 1000 V in Italy (CIF) - 2024
- Exports of Electrical Fuses for Under 1000 V in Italy
- Imports of Electrical Fuses for Under 1000 V in Italy
Price for Electrical Fuses for Under 1000 V in Italy (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $73 per thousand units in 2022, picking up by 4% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($255 per thousand units), while the average price for exports to Bulgaria ($33 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 Spain (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Italy (CIF) - 2024
In February 2024, the average import price for electrical fuses for under 1000 v amounted to $101 per thousand units, surging by 132% against the previous month. In general, the import price saw strong growth. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 347% against the previous month. Over the period under review, average import prices attained the peak figure in February 2024.
Prices varied noticeably by the country of origin: the country with the highest price was India ($164 per thousand units), while the price for Indonesia ($70.0 per thousand units) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Germany (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Fuses for Under 1000 V in Italy
Exports of electrical fuses for under 1000 v from Italy dropped to 1.4B units in 2022, shrinking by -3.6% against 2021 figures. In general, exports faced a deep reduction. The smallest decline of -2.3% was in 2021. The exports peaked at 2.1B 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 reached $100M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Electrical Fuses for Under 1000 V in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 32.7 | 23.1 | 18.2 | 17.0 | -19.6% |
| Germany | 12.8 | 13.8 | 15.9 | 13.2 | 1.0% |
| Slovakia | 4.8 | 4.7 | 6.5 | 7.1 | 13.9% |
| Spain | 5.8 | 5.0 | 6.1 | 5.8 | 0.0% |
| France | 3.9 | 4.2 | 5.3 | 5.1 | 9.4% |
| Hungary | 3.4 | 2.5 | 3.4 | 4.0 | 5.6% |
| Turkey | 1.0 | 1.8 | 3.4 | 3.7 | 54.7% |
| China | 1.7 | 2.0 | 2.3 | 3.4 | 26.0% |
| Romania | 2.8 | 1.9 | 2.5 | 2.3 | -6.3% |
| Austria | 2.7 | 2.1 | 3.0 | 2.2 | -6.6% |
| Morocco | 1.6 | 1.3 | 1.3 | 1.7 | 2.0% |
| Senegal | 0.5 | 0.6 | 1.1 | 1.2 | 33.9% |
| Bulgaria | 0.8 | 0.5 | 0.6 | 0.9 | 4.0% |
| Others | 23.2 | 25.3 | 29.9 | 32.2 | 11.5% |
| Total | 97.5 | 88.9 | 99.6 | 99.8 | 0.8% |
Top Export Markets for Electrical Fuses for Under 1000 V from Italy in 2022:
- Tunisia (486.4M units)
- Germany (155.8M units)
- Slovakia (61.2M units)
- Turkey (60.9M units)
- Hungary (50.9M units)
- France (42.5M units)
- China (35.2M units)
- Morocco (30.9M units)
- Austria (27.8M units)
- Senegal (26.8M units)
- Bulgaria (26.4M units)
- Romania (25.7M units)
- Spain (22.9M units)
Imports of Electrical Fuses for Under 1000 V in Italy
In 2022, approx. 1.4B units of electrical fuses for under 1000 v were imported into Italy; growing by 13% on the previous year. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 +52.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of electrical fuses for under 1000 v totaled $88M in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Fuses for Under 1000 V in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 11.9 | 12.3 | 17.4 | 22.9 | 24.4% |
| China | 5.5 | 5.3 | 10.0 | 11.7 | 28.6% |
| France | 7.3 | 6.5 | 9.5 | 9.2 | 8.0% |
| Romania | 3.1 | 3.7 | 3.8 | 7.5 | 34.2% |
| Netherlands | 3.5 | 3.6 | 6.2 | 6.3 | 21.6% |
| Slovakia | 2.6 | 2.6 | 3.9 | 6.0 | 32.1% |
| Spain | 2.1 | 2.1 | 3.7 | 4.3 | 27.0% |
| Slovenia | 1.4 | 3.0 | 4.4 | 3.9 | 40.7% |
| Mexico | 0.1 | 0.1 | 2.4 | 2.0 | 171.4% |
| Finland | 1.7 | 1.7 | 1.7 | 2.0 | 5.6% |
| Hungary | 0.7 | 0.8 | 4.1 | 1.9 | 39.5% |
| Belgium | 0.3 | 0.3 | 0.7 | 1.8 | 81.7% |
| Bulgaria | 1.0 | 1.1 | 1.0 | 0.7 | -11.2% |
| Others | 8.5 | 7.2 | 7.5 | 7.3 | -4.9% |
| Total | 49.6 | 50.2 | 76.2 | 87.6 | 20.9% |
Top Suppliers of Electrical Fuses for Under 1000 V to Italy in 2022:
- Germany (376.5M units)
- China (176.3M units)
- France (135.3M units)
- Spain (120.7M units)
- Romania (93.3M units)
- Slovenia (90.2M units)
- Belgium (64.9M units)
- Slovakia (53.5M units)
- Finland (50.0M units)
- Netherlands (49.4M units)
- Mexico (25.8M units)
- Hungary (24.2M units)
- Bulgaria (19.2M units)
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