Price for Electrical Fuses for Under 1000 V in Norway - 2024

Price for Electrical Fuses for Under 1000 V in Norway (CIF) - 2022

The average import price for electrical fuses for under 1000 v stood at $80 per thousand units in 2022, surging by 23% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Denmark ($334 per thousand units), while the price for Sweden ($27 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Electrical Fuses for Under 1000 V in Norway (FOB) - 2022

In 2022, the average export price for electrical fuses for under 1000 v amounted to $0.2 per unit, rising by 75% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($1 per unit), while the average price for exports to Lithuania ($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 Cote d'Ivoire (+25.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Fuses for Under 1000 V in Norway

In 2022, supplies from abroad of electrical fuses for under 1000 v decreased by -1% to 77M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 20% against the previous year. Imports peaked at 78M units in 2021, and then shrank in the following year.

In value terms, imports of electrical fuses for under 1000 v surged to $6.2M in 2022. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Electrical Fuses for Under 1000 V in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	978	988	1,288	1,358	11.6%
Denmark	51.1	81.0	49.2	1,062	174.9%
China	281	476	664	861	45.2%
Sweden	123	178	221	255	27.5%
Slovenia	111	110	108	227	26.9%
Mexico	120	112	200	226	23.5%
Poland	90.8	101	182	169	23.0%
Hungary	157	119	165	160	0.6%
India	36.4	33.0	61.3	149	60.0%
Taiwan (Chinese)	75.5	194	202	127	18.9%
Spain	55.2	65.6	81.2	123	30.6%
Greece	114	105	155	92.9	-6.6%
Latvia	131	54.7	170	30.6	-38.4%
Others	995	1,022	1,535	1,335	10.3%
Total	3,320	3,640	5,083	6,175	23.0%

Top Suppliers of Electrical Fuses for Under 1000 V to Norway in 2022:

Germany (33.1M units)
Sweden (9.5M units)
China (8.5M units)
Slovenia (4.4M units)
Denmark (3.2M units)
Greece (2.2M units)
India (2.1M units)
Spain (1.7M units)
Hungary (1.6M units)
Poland (1.6M units)
Mexico (1.3M units)
Taiwan (Chinese) (1.2M units)
Latvia (0.6M units)

Exports of Electrical Fuses for Under 1000 V in Norway

In 2022, overseas shipments of electrical fuses for under 1000 v decreased by -31.3% to 8.3M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, the exports of hit record highs at 12M units in 2021, and then fell significantly in the following year.

In value terms, exports of electrical fuses for under 1000 v soared to $2.1M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 25% 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 years to come.

Export of Electrical Fuses for Under 1000 V in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cote d'Ivoire	N/A	N/A	N/A	623	0%
United States	64.3	184	68.8	342	74.6%
Romania	5.3	58.5	12.1	109	174.0%
Denmark	52.2	36.1	42.5	108	27.4%
Singapore	33.6	27.7	106	101	44.3%
South Korea	34.7	33.1	7.2	91.3	38.1%
Vietnam	14.9	66.5	148	82.6	77.0%
Netherlands	13.0	23.2	38.0	71.0	76.1%
Sweden	506	405	343	61.7	-50.4%
Poland	36.5	21.5	69.5	38.3	1.6%
Germany	41.2	152	16.8	26.8	-13.4%
Latvia	N/A	N/A	N/A	15.4	0%
Lithuania	32.8	21.9	5.5	15.3	-22.4%
Others	368	479	867	391	2.0%
Total	1,203	1,508	1,724	2,078	20.0%