Price for Electrical Fuses for Under 1000 V in Japan - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Japan (FOB) - 2024
- Price for Electrical Fuses for Under 1000 V in Japan (CIF) - 2022
- Exports of Electrical Fuses for Under 1000 V in Japan
- Imports of Electrical Fuses for Under 1000 V in Japan
Price for Electrical Fuses for Under 1000 V in Japan (FOB) - 2024
The average export price for electrical fuses for under 1000 v stood at $73.6 per thousand units in March 2024, rising by 2% against the previous month. In general, the export price, however, saw a mild curtailment. The growth pace was the most rapid in June 2023 when the average export price increased by 7.3% month-to-month. As a result, the export price attained the peak level of $87.4 per thousand units. From July 2023 to March 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In March 2024, the country with the highest price was Thailand ($93.0 per thousand units), while the average price for exports to the Netherlands ($52.0 per thousand units) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Electrical Fuses for Under 1000 V in Japan (CIF) - 2022
The average import price for electrical fuses for under 1000 v stood at $0.1 per unit in 2022, declining by -7.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.7%. The import price peaked at $0.1 per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($0.3 per unit), while the price for Vietnam ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced a decline.
Exports of Electrical Fuses for Under 1000 V in Japan
In 2022, approx. 3.2B units of electrical fuses for under 1000 v were exported from Japan; growing by 5.7% on 2021 figures. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of electrical fuses for under 1000 v reduced to $293M in 2022. The total export value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $315M, and then declined in the following year.
| Export of Electrical Fuses for Under 1000 V in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.8 | 59.1 | 87.0 | 90.9 | 20.6% |
| South Korea | 39.7 | 34.2 | 45.2 | 41.8 | 1.7% |
| United States | 15.8 | 13.7 | 20.3 | 28.4 | 21.6% |
| Netherlands | 14.7 | 17.7 | 25.0 | 21.6 | 13.7% |
| Vietnam | 22.9 | 21.4 | 22.4 | 19.0 | -6.0% |
| Thailand | 16.7 | 13.8 | 16.4 | 13.9 | -5.9% |
| Indonesia | 14.1 | 11.1 | 14.0 | 13.6 | -1.2% |
| India | 6.7 | 6.4 | 8.6 | 7.8 | 5.2% |
| Philippines | 13.2 | 8.2 | 9.7 | 6.7 | -20.2% |
| Others | 54.9 | 46.4 | 66.5 | 48.7 | -3.9% |
| Total | 250 | 232 | 315 | 293 | 5.4% |
Top Export Markets for Electrical Fuses for Under 1000 V from Japan in 2022:
- China (894.3M units)
- South Korea (394.0M units)
- United States (374.8M units)
- Netherlands (345.9M units)
- Vietnam (260.6M units)
- Thailand (169.8M units)
- Indonesia (162.3M units)
- India (153.2M units)
- Philippines (102.6M units)
Imports of Electrical Fuses for Under 1000 V in Japan
In 2022, the amount of electrical fuses for under 1000 v imported into Japan amounted to 643M units, standing approx. at 2021. Over the period under review, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, imports of attained the peak figure at 698M 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 declined to $84M in 2022. Overall, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports of attained the peak figure at $94M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Fuses for Under 1000 V in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.9 | 22.3 | 32.1 | 35.1 | 13.7% |
| Thailand | 46.6 | 29.9 | 26.7 | 16.7 | -29.0% |
| Philippines | 9.5 | 8.4 | 13.1 | 13.5 | 12.4% |
| Mexico | 4.5 | 6.8 | 9.4 | 9.7 | 29.2% |
| Vietnam | 3.0 | 3.0 | 2.7 | 2.7 | -3.5% |
| Tunisia | 0.5 | 0.5 | 0.5 | 0.8 | 17.0% |
| Others | 5.7 | 5.3 | 5.1 | 6.0 | 1.7% |
| Total | 93.7 | 76.2 | 89.7 | 84.4 | -3.4% |
Top Suppliers of Electrical Fuses for Under 1000 V to Japan in 2022:
- China (255.1M units)
- Thailand (150.1M units)
- Mexico (115.5M units)
- Vietnam (44.8M units)
- Philippines (39.4M units)
- Tunisia (9.9M units)
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