Price for Electrical Fuses for Under 1000 V in Sri Lanka - 2022
Contents:
- Price for Electrical Fuses for Under 1000 V in Sri Lanka (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Sri Lanka (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Sri Lanka
- Exports of Electrical Fuses for Under 1000 V in Sri Lanka
Price for Electrical Fuses for Under 1000 V in Sri Lanka (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $11 per thousand units, reducing by -12.3% against the previous year. Over the period under review, the import price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 21% against the previous year. The import price peaked at $19 per thousand units in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Taiwan (Chinese) ($15 per thousand units), while the price for India ($6.6 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Electrical Fuses for Under 1000 V in Sri Lanka (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $0.1 per unit in 2022, picking up by 33% against the previous year. Over the period under review, the export price enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 165% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($0.3 per unit), while the average price for exports to the United States (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 New Zealand (+219.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in Sri Lanka
In 2022, the amount of electrical fuses for under 1000 v imported into Sri Lanka reduced sharply to 137M units, declining by -24.4% against 2021 figures. Overall, imports, however, saw a modest expansion. The growth pace was the most rapid in 2021 with an increase of 110%. As a result, imports reached the peak of 182M units, and then contracted sharply in the following year.
In value terms, imports of electrical fuses for under 1000 v shrank significantly to $1.5M in 2022. Over the period under review, imports faced a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 99% against the previous year. As a result, imports attained the peak of $2.2M, and then declined dramatically in the following year.
| Import of Electrical Fuses for Under 1000 V in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 708 | 343 | 799 | 732 | 1.1% |
| China | 631 | 283 | 575 | 233 | -28.3% |
| Taiwan (Chinese) | 20.6 | 22.9 | 39.5 | 35.4 | 19.8% |
| Others | 681 | 458 | 793 | 462 | -12.1% |
| Total | 2,041 | 1,107 | 2,206 | 1,463 | -10.5% |
Top Suppliers of Electrical Fuses for Under 1000 V to Sri Lanka in 2022:
- India (111.0M units)
- China (18.8M units)
- Taiwan (Chinese) (2.3M units)
Exports of Electrical Fuses for Under 1000 V in Sri Lanka
In 2022, after two years of decline, there was significant growth in overseas shipments of electrical fuses for under 1000 v, when their volume increased by 230% to 80K units. Overall, exports, however, showed a dramatic downturn. Over the period under review, the exports of attained the peak figure at 1.6M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of electrical fuses for under 1000 v soared to $12K in 2022. Over the period under review, exports, however, saw a sharp decline. The exports peaked at $124K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electrical Fuses for Under 1000 V in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 71.1 | 8.2 | 2.0 | 7.8 | -52.1% |
| France | 12.8 | 0.5 | 0.2 | 1.1 | -55.9% |
| New Zealand | N/A | N/A | 0.1 | 1.0 | 900.0% |
| Iceland | 0.3 | 0.5 | 0.2 | 0.8 | 38.7% |
| Germany | 2.0 | 0.2 | N/A | 0.1 | -63.2% |
| Chile | 1.4 | N/A | N/A | 0.1 | -58.5% |
| Nigeria | 1.3 | 0.1 | N/A | N/A | -92.3% |
| Vietnam | N/A | 0.1 | N/A | N/A | 0% |
| United States | 4.1 | N/A | N/A | N/A | 0% |
| Poland | 15.8 | 2.2 | N/A | N/A | -86.1% |
| Myanmar | 7.5 | N/A | N/A | N/A | 0% |
| Uganda | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Maldives | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Others | 5.9 | 0.8 | 0.1 | 1.0 | -44.7% |
| Total | 124 | 12.9 | 2.7 | 11.9 | -54.2% |
Top Export Markets for Electrical Fuses for Under 1000 V from Sri Lanka in 2022:
- Norway (28.2K units)
- New Zealand (15.2K units)
- Iceland (11.3K units)
- France (7.4K units)
- Germany (2.3K units)
- Chile (1.8K units)
- Maldives (1.6K units)
- Uganda (1.3K units)
- United States (0.4K units)
- Poland (0.1K units)
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