Price for Electrical Fuses for Under 1000 V in South Korea - 2022
Contents:
- Price for Electrical Fuses for Under 1000 V in South Korea (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in South Korea (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in South Korea
- Exports of Electrical Fuses for Under 1000 V in South Korea
Price for Electrical Fuses for Under 1000 V in South Korea (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $0.1 per unit, reducing by -3.2% against the previous year. Over the period under review, the import price showed a slight contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 73%. As a result, import price reached the peak level of $0.1 per unit. From 2019 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 the Philippines ($0.5 per unit), while the price for Hungary (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 attained by India (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in South Korea (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $65 per thousand units, rising by 2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $69 per thousand units in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($179 per thousand units), while the average price for exports to Mexico ($20 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 India (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in South Korea
Imports of electrical fuses for under 1000 v into South Korea expanded modestly to 1.5B units in 2022, surging by 1.6% on the previous year's figure. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of electrical fuses for under 1000 v dropped slightly to $130M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of $132M, and then declined in the following year.
Import of Electrical Fuses for Under 1000 V in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 41.0 | 38.0 | 49.6 | 45.8 | 3.8% |
China | 26.3 | 29.0 | 39.7 | 41.6 | 16.5% |
Mexico | 9.2 | 7.8 | 10.2 | 13.0 | 12.2% |
Vietnam | 3.0 | 3.1 | 3.9 | 4.3 | 12.7% |
India | 2.3 | 2.3 | 2.7 | 3.3 | 12.8% |
Taiwan (Chinese) | 1.5 | 2.9 | 2.1 | 2.8 | 23.1% |
France | 3.5 | 4.0 | 3.5 | 1.9 | -18.4% |
Hungary | 1.0 | 0.9 | 0.9 | 1.1 | 3.2% |
Others | 18.6 | 19.3 | 19.6 | 16.4 | -4.1% |
Total | 106 | 107 | 132 | 130 | 7.0% |
Top Suppliers of Electrical Fuses for Under 1000 V to South Korea in 2022:
- China (639.3M units)
- Japan (419.4M units)
- Vietnam (120.4M units)
- Mexico (117.1M units)
- Hungary (35.2M units)
- India (28.5M units)
- Taiwan (Chinese) (28.2M units)
- France (20.0M units)
Exports of Electrical Fuses for Under 1000 V in South Korea
In 2022, the amount of electrical fuses for under 1000 v exported from South Korea expanded slightly to 1.6B units, with an increase of 2.8% on 2021. Over the period under review, exports showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 101% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of electrical fuses for under 1000 v stood at $102M in 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 84%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Electrical Fuses for Under 1000 V in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 3.5 | 2.8 | 23.3 | 37.1 | 119.7% |
China | 17.3 | 14.3 | 14.2 | 11.8 | -12.0% |
Vietnam | 11.1 | 8.4 | 9.8 | 10.3 | -2.5% |
United States | 0.3 | 0.5 | 7.9 | 7.0 | 185.8% |
Mexico | 4.0 | 3.5 | 4.3 | 6.1 | 15.1% |
Serbia | 1.2 | 1.9 | 4.1 | 3.9 | 48.1% |
India | 2.9 | 2.1 | 3.1 | 3.5 | 6.5% |
Philippines | 0.9 | 1.3 | 1.9 | 2.3 | 36.7% |
Indonesia | 1.4 | 1.4 | 1.9 | 2.1 | 14.5% |
Thailand | 1.9 | 2.1 | 2.4 | 1.8 | -1.8% |
Slovakia | 3.3 | 2.6 | 2.0 | 1.7 | -19.8% |
Czech Republic | N/A | 1.2 | 0.7 | 1.3 | 4.1% |
Turkey | 0.5 | 0.5 | 1.0 | 0.9 | 21.6% |
Others | 12.0 | 9.7 | 20.0 | 12.2 | 0.6% |
Total | 60.4 | 52.5 | 96.7 | 102 | 19.1% |
Top Export Markets for Electrical Fuses for Under 1000 V from South Korea in 2022:
- Mexico (309.3M units)
- China (260.0M units)
- Hong Kong SAR (207.6M units)
- Vietnam (144.5M units)
- United States (103.1M units)
- Serbia (89.2M units)
- India (51.1M units)
- Indonesia (49.3M units)
- Thailand (46.4M units)
- Philippines (31.8M units)
- Turkey (27.4M units)
- Czech Republic (26.1M units)
- Slovakia (25.0M units)
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