Price for Electrical Fuses for Under 1000 V in Kuwait - 2022
Contents:
- Price for Electrical Fuses for Under 1000 V in Kuwait (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Kuwait (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Kuwait
- Exports of Electrical Fuses for Under 1000 V in Kuwait
Price for Electrical Fuses for Under 1000 V in Kuwait (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $65 per thousand units, waning by -5.8% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The growth pace was the most rapid in 2020 an increase of 64%. As a result, import price reached the peak level of $73 per thousand units. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($148 per thousand units), while the price for South Korea ($14 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Kuwait (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $0.1 per unit, increasing by 231% against the previous year. Over the period under review, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 379%. Over the period under review, the average export prices reached the maximum at $0.1 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +102.5% per year.
Imports of Electrical Fuses for Under 1000 V in Kuwait
In 2022, purchases abroad of electrical fuses for under 1000 v was finally on the rise to reach 45M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt curtailment. Imports peaked at 59M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electrical fuses for under 1000 v soared to $2.9M in 2022. In general, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electrical Fuses for Under 1000 V in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 774 | 899 | 760 | 2,168 | 41.0% |
| United Kingdom | 741 | 823 | 122 | 198 | -35.6% |
| United Arab Emirates | 600 | 137 | 105 | 167 | -34.7% |
| China | 34.1 | 30.8 | 50.8 | 147 | 62.7% |
| Thailand | 65.7 | 57.8 | 164 | 59.7 | -3.1% |
| Spain | 39.6 | 55.1 | 29.2 | 11.2 | -34.4% |
| South Korea | 111 | 6.4 | 0.3 | 0.3 | -86.1% |
| Others | 262 | 267 | 233 | 152 | -16.6% |
| Total | 2,627 | 2,275 | 1,465 | 2,902 | 3.4% |
Top Suppliers of Electrical Fuses for Under 1000 V to Kuwait in 2022:
- India (24.9M units)
- United Arab Emirates (10.1M units)
- China (4.4M units)
- Thailand (1.9M units)
- United Kingdom (1.8M units)
- Spain (0.3M units)
Exports of Electrical Fuses for Under 1000 V in Kuwait
Exports of electrical fuses for under 1000 v from Kuwait soared to 429K units in 2022, growing by 204% on the previous year. Over the period under review, exports, however, recorded a deep reduction. The exports peaked at 638K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electrical fuses for under 1000 v surged to $36K in 2022. Overall, exports, however, continue to indicate a abrupt decline. The exports peaked at $44K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electrical Fuses for Under 1000 V in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 0.2 | 3.3 | 35.2 | 1226.6% |
| India | 39.8 | 0.1 | N/A | N/A | -99.7% |
| Oman | 1.9 | 1.1 | N/A | N/A | -42.1% |
| Egypt | 2.5 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.6 | 0.2 | 0.5 | -44.1% |
| Total | 44.2 | 3.0 | 3.5 | 35.7 | -6.9% |
Top Export Markets for Electrical Fuses for Under 1000 V from Kuwait in 2022:
- China (426.4K units)
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