Price for Electrical Fuses for Under 1000 V in the Philippines - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in the Philippines (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in the Philippines (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in the Philippines
- Exports of Electrical Fuses for Under 1000 V in the Philippines
Price for Electrical Fuses for Under 1000 V in the Philippines (CIF) - 2022
The average import price for electrical fuses for under 1000 v stood at $96 per thousand units in 2022, with an increase of 10% against the previous year. Over the period under review, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 47%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($96 per thousand units) and Thailand ($96 per thousand units), while the price for Singapore ($96 per thousand units) and China ($96 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in the Philippines (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $0.1 per unit in 2022, reducing by -5.9% against the previous year. Over the period under review, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $0.3 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($0.1 per unit) and India ($0.1 per unit), while the average price for exports to Australia ($0.1 per unit) and Singapore ($0.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-2.0%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Fuses for Under 1000 V in the Philippines
In 2022, approx. 639M units of electrical fuses for under 1000 v were imported into the Philippines; declining by -21.9% on the year before. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2.5% against the previous year. Imports peaked at 857M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electrical fuses for under 1000 v dropped to $62M in 2022. The total import value increased at an average annual rate of +1.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 14%. Imports peaked at $72M in 2021, and then shrank in the following year.
| Import of Electrical Fuses for Under 1000 V in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.4 | 21.8 | 19.8 | 24.2 | 11.6% |
| Singapore | 6.6 | 5.7 | 9.4 | 9.0 | 10.9% |
| Hong Kong SAR | 15.1 | 15.0 | 10.8 | 8.8 | -16.5% |
| China | 7.6 | 12.8 | 16.2 | 5.9 | -8.1% |
| Thailand | 1.4 | 2.2 | 3.8 | 4.3 | 45.4% |
| United States | 6.1 | 4.2 | 4.7 | 2.6 | -24.7% |
| South Korea | 0.9 | 1.3 | 1.9 | 2.3 | 36.7% |
| Others | 4.7 | 5.1 | 5.0 | 4.6 | -0.7% |
| Total | 59.8 | 68.1 | 71.7 | 61.6 | 1.0% |
Top Suppliers of Electrical Fuses for Under 1000 V to the Philippines in 2022:
- Japan (251.0M units)
- Singapore (92.8M units)
- Hong Kong SAR (91.6M units)
- China (61.6M units)
- Thailand (44.2M units)
- United States (26.7M units)
- South Korea (23.6M units)
Exports of Electrical Fuses for Under 1000 V in the Philippines
In 2022, after two years of decline, there was growth in overseas shipments of electrical fuses for under 1000 v, when their volume increased by 3.2% to 5.2M units. Over the period under review, exports, however, saw a sharp contraction. Over the period under review, the exports of attained the maximum at 740M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electrical fuses for under 1000 v reduced modestly to $412K in 2022. Overall, exports, however, faced a dramatic descent. Over the period under review, the exports of reached the peak figure at $60M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electrical Fuses for Under 1000 V in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.4 | 0.3 | 0.3 | 0.2 | -66.7% |
| India | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Hong Kong SAR | 25.7 | N/A | N/A | N/A | 0% |
| South Korea | 2.2 | N/A | N/A | N/A | 0% |
| China | 3.3 | 0.1 | N/A | N/A | -97.0% |
| Australia | N/A | N/A | N/A | N/A | 0% |
| United States | 8.8 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
| Singapore | 7.1 | N/A | N/A | N/A | 0% |
| Netherlands | 5.6 | N/A | N/A | N/A | 0% |
| Brazil | N/A | N/A | N/A | N/A | 0% |
| Others | 1.4 | N/A | 0.1 | N/A | -73.3% |
| Total | 59.8 | 0.5 | 0.4 | 0.4 | -81.2% |
Top Export Markets for Electrical Fuses for Under 1000 V from the Philippines in 2022:
- Japan (3009.5K units)
- India (653.0K units)
- United Arab Emirates (391.5K units)
- Australia (307.7K units)
- Hong Kong SAR (294.9K units)
- Brazil (171.5K units)
- United States (73.9K units)
- China (51.9K units)
- South Korea (15.0K units)
- Netherlands (10.5K units)
- Singapore (0.4K units)
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