Price for Electrical Fuses for Under 1000 V in the United States - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in the United States (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in the United States (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in the United States
- Exports of Electrical Fuses for Under 1000 V in the United States
Price for Electrical Fuses for Under 1000 V in the United States (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $0.2 per unit, increasing by 26% against the previous year. Overall, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 67% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($0.2 per unit), while the price for Germany ($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 the Philippines (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in the United States (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $0.3 per unit, falling by -8.4% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 an increase of 154%. Over the period under review, the average export prices reached the maximum at $0.3 per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($2 per unit), while the average price for exports to the Netherlands ($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 the UK (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in the United States
Imports of electrical fuses for under 1000 v into the United States contracted to 1.5B units in 2022, waning by -10.7% on 2021 figures. Overall, imports showed a precipitous decline. Over the period under review, imports of reached the maximum at 3.8B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electrical fuses for under 1000 v reached $320M in 2022. The total import value increased at an average annual rate of +5.6% 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 20% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Electrical Fuses for Under 1000 V in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 193 | 171 | 194 | 218 | 4.1% |
| China | 14.0 | 13.9 | 18.2 | 25.1 | 21.5% |
| Japan | 19.3 | 14.5 | 14.9 | 16.6 | -4.9% |
| Philippines | 8.3 | 8.7 | 12.3 | 12.6 | 14.9% |
| Taiwan (Chinese) | 6.1 | 5.5 | 7.9 | 10.1 | 18.3% |
| Germany | 7.5 | 5.6 | 7.1 | 7.0 | -2.3% |
| Hungary | 5.0 | 3.3 | 6.4 | 5.9 | 5.7% |
| Others | 18.4 | 14.6 | 23.2 | 24.7 | 10.3% |
| Total | 272 | 237 | 284 | 320 | 5.6% |
Top Suppliers of Electrical Fuses for Under 1000 V to the United States in 2022:
- Mexico (994.1M units)
- China (114.8M units)
- Germany (88.1M units)
- Japan (75.8M units)
- Philippines (57.7M units)
- Taiwan (Chinese) (46.1M units)
- Hungary (27.0M units)
Exports of Electrical Fuses for Under 1000 V in the United States
In 2022, shipments abroad of electrical fuses for under 1000 v was finally on the rise to reach 1B units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a significant decrease. Over the period under review, the exports of attained the peak figure at 2.4B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of electrical fuses for under 1000 v skyrocketed to $293M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +49.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electrical Fuses for Under 1000 V in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 91.7 | 101 | 122 | 141 | 15.4% |
| Canada | 28.8 | 26.5 | 30.3 | 37.5 | 9.2% |
| China | 7.2 | 4.7 | 8.2 | 21.6 | 44.2% |
| Hong Kong SAR | 9.4 | 12.5 | 10.6 | 17.0 | 21.8% |
| France | 9.2 | 7.8 | 9.6 | 12.8 | 11.6% |
| Netherlands | 4.0 | 3.4 | 4.8 | 7.1 | 21.1% |
| Brazil | 3.2 | 4.2 | 3.2 | 3.5 | 3.0% |
| Others | 43.4 | 41.3 | 47.4 | 53.1 | 7.0% |
| Total | 197 | 201 | 236 | 293 | 14.1% |
Top Export Markets for Electrical Fuses for Under 1000 V from the United States in 2022:
- Mexico (659.6M units)
- China (80.6M units)
- Netherlands (73.3M units)
- Hong Kong SAR (65.7M units)
- Canada (42.7M units)
- Brazil (23.1M units)
- France (15.8M units)
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