Price for Electrical Fuses for Under 1000 V in Venezuela - 2022
Contents:
- Price for Electrical Fuses for Under 1000 V in Venezuela (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Venezuela (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Venezuela
- Exports of Electrical Fuses for Under 1000 V in Venezuela
Price for Electrical Fuses for Under 1000 V in Venezuela (CIF) - 2022
In 2022, the average import price for electrical fuses for under 1000 v amounted to $45 per thousand units, with an increase of 21% against the previous year. Overall, the import price showed a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 60%. Over the period under review, average import prices reached the maximum at $94 per thousand units in 2016; however, from 2017 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 the United States ($78 per thousand units), while the price for South Korea ($20 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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Venezuela (FOB) - 2022
The average export price for electrical fuses for under 1000 v stood at $0.2 per unit in 2022, rising by 14% against the previous year. Overall, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 258% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.3 per unit), while the average price for exports to Colombia (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 Ecuador (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electrical Fuses for Under 1000 V in Venezuela
In 2022, imports of electrical fuses for under 1000 v into Venezuela skyrocketed to 7.2M units, rising by 63% against 2021 figures. Over the period under review, imports showed a buoyant expansion. 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 skyrocketed to $321K in 2022. Overall, imports, however, saw a drastic downturn. Over the period under review, imports of hit record highs at $523K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electrical Fuses for Under 1000 V in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 296 | 110 | 93.0 | 179 | -15.4% |
| China | 19.5 | 7.2 | 20.2 | 37.3 | 24.1% |
| South Korea | 27.4 | 10.8 | 9.7 | 19.7 | -10.4% |
| Colombia | 57.3 | 17.6 | 12.4 | 18.5 | -31.4% |
| United States | 40.8 | 22.3 | 9.1 | 9.9 | -37.6% |
| Russia | 17.9 | 6.0 | 4.6 | 8.2 | -22.9% |
| Spain | 4.3 | 2.1 | 0.5 | 5.2 | 6.5% |
| Poland | 4.5 | 1.8 | 1.6 | 3.4 | -8.9% |
| Others | 55.4 | 23.6 | 11.1 | 39.8 | -10.4% |
| Total | 523 | 201 | 162 | 321 | -15.0% |
Top Suppliers of Electrical Fuses for Under 1000 V to Venezuela in 2022:
- Panama (3005.9K units)
- China (1551.9K units)
- South Korea (991.2K units)
- Colombia (455.2K units)
- Spain (213.8K units)
- Poland (142.4K units)
- Russia (134.7K units)
- United States (126.6K units)
Exports of Electrical Fuses for Under 1000 V in Venezuela
For the third year in a row, Venezuela recorded decline in overseas shipments of electrical fuses for under 1000 v, which decreased by -7.1% to 1.3K units in 2022. Over the period under review, exports saw a sharp descent. Over the period under review, the exports of attained the peak figure at 9.7K 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 expanded significantly to $221 in 2022. Overall, exports recorded a sharp decline. Over the period under review, the exports of hit record highs at $693 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electrical Fuses for Under 1000 V in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 263 | 236 | 113 | 127 | -21.5% |
| Panama | 186 | 136 | 53.0 | 49.0 | -35.9% |
| Costa Rica | 44.0 | 38.0 | 17.0 | 19.0 | -24.4% |
| Ecuador | 21.0 | 22.0 | 15.0 | 16.0 | -8.7% |
| Colombia | 21.0 | 14.0 | 5.0 | 5.0 | -38.0% |
| Germany | N/A | N/A | N/A | 4.0 | 0% |
| Grenada | 30.0 | N/A | N/A | N/A | 0% |
| Others | 128 | 4.0 | 5.0 | 1.0 | -80.2% |
| Total | 693 | 450 | 208 | 221 | -31.7% |
Top Export Markets for Electrical Fuses for Under 1000 V from Venezuela in 2022:
- United States (375.0 units)
- Colombia (318.0 units)
- Panama (310.0 units)
- Costa Rica (168.0 units)
- Ecuador (70.0 units)
- Germany (29.0 units)
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