Price for Electrical Fuses for Under 1000 V in Thailand - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Thailand (FOB) - 2022
- Price for Electrical Fuses for Under 1000 V in Thailand (CIF) - 2024
- Exports of Electrical Fuses for Under 1000 V in Thailand
- Imports of Electrical Fuses for Under 1000 V in Thailand
Price for Electrical Fuses for Under 1000 V in Thailand (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $70 per thousand units in 2022, surging by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The export price peaked at $71 per thousand units in 2019; however, from 2020 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 Japan ($164 per thousand units), while the average price for exports to Saudi Arabia ($32 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 Malaysia (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Thailand (CIF) - 2024
In March 2024, the average import price for electrical fuses for under 1000 v amounted to $86.6 per thousand units, which is down by -10.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2024 when the average import price increased by 29% m-o-m. Over the period under review, average import prices reached the maximum at $101 per thousand units in September 2023; however, from October 2023 to March 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Mexico ($148 per thousand units), while the price for Italy ($20.0 per thousand units) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Fuses for Under 1000 V in Thailand
In 2022, overseas shipments of electrical fuses for under 1000 v decreased by -10.9% to 1.6B units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 49% against the previous year. The exports peaked at 1.8B units in 2021, and then reduced in the following year.
In value terms, exports of electrical fuses for under 1000 v shrank slightly to $110M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. The exports peaked at $115M in 2021, and then reduced slightly in the following year.
Export of Electrical Fuses for Under 1000 V in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 1.6 | 2.0 | 7.0 | 20.9 | 135.5% |
Hong Kong SAR | 21.3 | 20.6 | 22.8 | 14.4 | -12.2% |
China | 8.6 | 13.7 | 16.1 | 13.3 | 15.6% |
Vietnam | 7.9 | 13.0 | 14.1 | 12.6 | 16.8% |
Saudi Arabia | 10.0 | 16.7 | 14.3 | 10.3 | 1.0% |
Japan | 4.8 | 5.1 | 7.1 | 5.3 | 3.4% |
Malaysia | 0.4 | 1.2 | 2.2 | 4.1 | 117.2% |
Argentina | 2.2 | 1.7 | 2.8 | 3.4 | 15.6% |
Philippines | 2.6 | 2.4 | 4.3 | 3.1 | 6.0% |
Taiwan (Chinese) | 1.9 | 2.7 | 3.3 | 2.9 | 15.1% |
South Africa | 1.8 | 1.5 | 2.3 | 2.5 | 11.6% |
Cambodia | 1.1 | 1.5 | 1.8 | 1.7 | 15.6% |
Mexico | 0.8 | 1.7 | 2.1 | 1.7 | 28.6% |
Others | 9.9 | 12.6 | 14.8 | 13.6 | 11.2% |
Total | 75.0 | 96.5 | 115 | 110 | 13.6% |
Top Export Markets for Electrical Fuses for Under 1000 V from Thailand in 2022:
- Saudi Arabia (319.9M units)
- Indonesia (229.9M units)
- Vietnam (222.8M units)
- China (180.5M units)
- Hong Kong SAR (97.6M units)
- Argentina (56.3M units)
- Philippines (44.3M units)
- South Africa (42.3M units)
- Taiwan (Chinese) (37.6M units)
- Mexico (35.8M units)
- Japan (32.3M units)
- Cambodia (31.3M units)
- Malaysia (28.0M units)
Imports of Electrical Fuses for Under 1000 V in Thailand
In 2022, imports of electrical fuses for under 1000 v into Thailand rose remarkably to 1.1B units, with an increase of 15% compared with 2021 figures. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of electrical fuses for under 1000 v expanded rapidly to $94M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
Import of Electrical Fuses for Under 1000 V in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 15.8 | 19.3 | 26.8 | 34.2 | 29.4% |
Japan | 22.2 | 19.3 | 23.3 | 20.7 | -2.3% |
Mexico | 2.1 | 3.6 | 4.2 | 11.1 | 74.2% |
Philippines | 2.1 | 3.0 | 3.9 | 4.9 | 32.6% |
Taiwan (Chinese) | 2.7 | 3.9 | 5.2 | 4.7 | 20.3% |
United States | 1.5 | 1.5 | 2.1 | 2.7 | 21.6% |
Vietnam | 1.8 | 1.8 | 1.6 | 2.1 | 5.3% |
Myanmar | 0.5 | 0.7 | 1.0 | 2.0 | 58.7% |
South Korea | 1.9 | 2.1 | 2.4 | 1.8 | -1.8% |
Germany | 3.2 | 1.0 | 0.9 | 1.0 | -32.1% |
Italy | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
Others | 7.8 | 8.9 | 11.1 | 8.4 | 2.5% |
Total | 61.9 | 65.4 | 82.7 | 93.9 | 14.9% |
Top Suppliers of Electrical Fuses for Under 1000 V to Thailand in 2022:
- China (507.6M units)
- Japan (196.3M units)
- Mexico (83.6M units)
- Taiwan (Chinese) (49.1M units)
- Italy (37.1M units)
- South Korea (34.4M units)
- Vietnam (30.4M units)
- Philippines (23.1M units)
- Myanmar (16.7M units)
- United States (13.1M units)
- Germany (9.9M units)
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