Price for Electrical Fuses for Under 1000 V in Turkey - 2024
Contents:
- Price for Electrical Fuses for Under 1000 V in Turkey (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Turkey (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Turkey
- Exports of Electrical Fuses for Under 1000 V in Turkey
Price for Electrical Fuses for Under 1000 V in Turkey (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $68 per thousand units, waning by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 an increase of 22%. Over the period under review, average import prices hit record highs at $70 per thousand units in 2021, and then reduced modestly in the following year.
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 Bosnia and Herzegovina ($110 per thousand units), while the price for Slovenia ($26 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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Turkey (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $19 per thousand units, reducing by -12.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $28 per thousand units in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($36 per thousand units), while the average price for exports to Greece ($9.2 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 the United Arab Emirates (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in Turkey
In 2022, approx. 319M units of electrical fuses for under 1000 v were imported into Turkey; surging by 8.6% compared with 2021. The total import volume increased at an average annual rate of +13.9% 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 2020 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of electrical fuses for under 1000 v expanded markedly to $22M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Electrical Fuses for Under 1000 V in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 3.5 | 4.5 | 4.8 | 19.7% |
| Japan | 1.1 | 1.2 | 1.6 | 2.2 | 26.0% |
| Mexico | 1.3 | 1.4 | 1.9 | 1.8 | 11.5% |
| Bosnia and Herzegovina | 0.5 | 0.9 | 1.6 | 1.4 | 40.9% |
| Italy | 0.6 | 0.8 | 0.9 | 1.2 | 26.0% |
| Germany | 1.0 | 0.9 | 1.1 | 1.1 | 3.2% |
| South Korea | 0.5 | 0.5 | 1.0 | 0.9 | 21.6% |
| Thailand | 0.5 | 0.6 | 0.9 | 0.9 | 21.6% |
| Greece | 0.5 | 0.6 | 0.6 | 0.8 | 17.0% |
| Belgium | N/A | 0.2 | 0.3 | 0.7 | 87.1% |
| Hungary | 0.3 | 0.5 | 0.6 | 0.6 | 26.0% |
| India | 0.3 | 0.4 | 0.5 | 0.5 | 18.6% |
| Slovenia | 0.7 | 0.3 | 0.3 | 0.5 | -10.6% |
| Others | 3.6 | 4.0 | 4.5 | 4.2 | 5.3% |
| Total | 13.6 | 15.9 | 20.4 | 21.6 | 16.7% |
Top Suppliers of Electrical Fuses for Under 1000 V to Turkey in 2022:
- China (74.7M units)
- Japan (37.7M units)
- Greece (29.3M units)
- Mexico (21.9M units)
- South Korea (20.4M units)
- Slovenia (19.5M units)
- Italy (14.5M units)
- Belgium (13.0M units)
- Bosnia and Herzegovina (12.6M units)
- Thailand (12.6M units)
- Germany (12.2M units)
- Hungary (8.6M units)
- India (7.4M units)
Exports of Electrical Fuses for Under 1000 V in Turkey
In 2022, exports of electrical fuses for under 1000 v from Turkey rose remarkably to 357M units, with an increase of 6.6% on 2021. The total export volume 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 throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. As a result, the exports attained the peak of 391M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of electrical fuses for under 1000 v contracted to $6.9M in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $7.4M, and then contracted in the following year.
| Export of Electrical Fuses for Under 1000 V in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 607 | 519 | 806 | 917 | 14.7% |
| Bulgaria | 310 | 163 | 688 | 775 | 35.7% |
| Saudi Arabia | 459 | 1,397 | 0.5 | 499 | 2.8% |
| United Arab Emirates | 483 | 113 | 112 | 375 | -8.1% |
| Iran | 256 | 497 | 510 | 348 | 10.8% |
| Romania | 16.4 | 36.5 | 68.6 | 327 | 171.2% |
| Greece | 244 | 173 | 239 | 315 | 8.9% |
| Poland | 330 | 361 | 409 | 290 | -4.2% |
| Pakistan | 313 | 355 | 387 | 219 | -11.2% |
| Serbia | 121 | 149 | 72.1 | 111 | -2.8% |
| Suriname | N/A | 1.7 | 9.0 | 81.8 | 593.7% |
| Uruguay | N/A | N/A | N/A | 80.1 | 0% |
| Syrian Arab Republic | 18.8 | 32.2 | 47.7 | 78.4 | 61.0% |
| Others | 2,795 | 2,426 | 4,077 | 2,483 | -3.9% |
| Total | 5,954 | 6,223 | 7,427 | 6,897 | 5.0% |
Top Export Markets for Electrical Fuses for Under 1000 V from Turkey in 2022:
- Bulgaria (70.2M units)
- Saudi Arabia (45.8M units)
- Iraq (43.6M units)
- Greece (34.2M units)
- United Arab Emirates (17.3M units)
- Pakistan (16.4M units)
- Romania (13.1M units)
- Poland (10.6M units)
- Iran (9.6M units)
- Uruguay (7.4M units)
- Syrian Arab Republic (7.2M units)
- Suriname (6.0M units)
- Serbia (5.9M units)
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