Price for Electrical Fuses for Under 1000 V in Latvia - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Latvia (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Latvia (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Latvia
- Exports of Electrical Fuses for Under 1000 V in Latvia
Price for Electrical Fuses for Under 1000 V in Latvia (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $38 per thousand units, rising by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The import price peaked at $41 per thousand units in 2015; however, from 2016 to 2022, 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 France ($132 per thousand units), while the price for Bulgaria ($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 Belarus (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Latvia (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at less than $0.1 per unit in 2022, waning by -13.3% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 90%. As a result, the export price attained the peak level of $0.2 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
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 China ($0.5 per unit), while the average price for exports to Finland (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 China (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in Latvia
In 2022, approx. 37M units of electrical fuses for under 1000 v were imported into Latvia; shrinking by -10.6% on 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. As a result, imports attained the peak of 42M units, and then contracted in the following year.
In value terms, imports of electrical fuses for under 1000 v soared to $1.4M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at $1.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electrical Fuses for Under 1000 V in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 53.0 | 311 | 373 | 244 | 66.4% |
| Germany | 83.2 | 94.4 | 141 | 232 | 40.8% |
| Finland | 55.7 | 107 | 120 | 140 | 36.0% |
| Czech Republic | 61.7 | 48.5 | 65.3 | 99.8 | 17.4% |
| Poland | 280 | 140 | 75.4 | 90.7 | -31.3% |
| China | 34.2 | 26.6 | 41.5 | 56.6 | 18.3% |
| Bulgaria | 10.7 | 7.2 | 11.2 | 56.3 | 73.9% |
| Hungary | 67.2 | 43.6 | 80.3 | 41.3 | -15.0% |
| Others | 821 | 357 | 303 | 474 | -16.7% |
| Total | 1,466 | 1,135 | 1,210 | 1,434 | -0.7% |
Top Suppliers of Electrical Fuses for Under 1000 V to Latvia in 2022:
- Lithuania (14.1M units)
- Czech Republic (3.9M units)
- Bulgaria (3.9M units)
- Finland (3.5M units)
- Germany (3.0M units)
- Poland (2.2M units)
- China (1.4M units)
- Hungary (0.9M units)
Exports of Electrical Fuses for Under 1000 V in Latvia
After three years of growth, shipments abroad of electrical fuses for under 1000 v decreased by -35.4% to 11M units in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 91%. The exports peaked at 17M units in 2021, and then fell notably in the following year.
In value terms, exports of electrical fuses for under 1000 v dropped sharply to $457K in 2022. In general, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 1%. The exports peaked at $1.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Fuses for Under 1000 V in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 74.9 | 181 | 157 | 159 | 28.5% |
| Poland | 1.3 | 54.8 | 57.4 | 84.3 | 301.8% |
| Lithuania | 63.4 | 40.1 | 43.7 | 46.3 | -9.9% |
| Turkey | N/A | N/A | N/A | 35.1 | 0% |
| Finland | 6.7 | 66.0 | 84.5 | 30.0 | 64.8% |
| Kazakhstan | 0.3 | 0.1 | 1.9 | 12.6 | 247.6% |
| Russia | 730 | 82.8 | 409 | 11.7 | -74.8% |
| China | 339 | 271 | N/A | 4.9 | -75.6% |
| Others | 101 | 112 | 62.0 | 73.2 | -10.2% |
| Total | 1,317 | 808 | 815 | 457 | -29.7% |
Top Export Markets for Electrical Fuses for Under 1000 V from Latvia in 2022:
- Estonia (5.7M units)
- Finland (2.1M units)
- Lithuania (1.2M units)
- Turkey (0.9M units)
- Poland (0.4M units)
- Kazakhstan (0.3M units)
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