Price for Electrical Fuses for Under 1000 V in Vietnam - 2022
Contents:
- Price for Electrical Fuses for Under 1000 V in Vietnam (CIF) - 2022
- Price for Electrical Fuses for Under 1000 V in Vietnam (FOB) - 2022
- Imports of Electrical Fuses for Under 1000 V in Vietnam
- Exports of Electrical Fuses for Under 1000 V in Vietnam
Price for Electrical Fuses for Under 1000 V in Vietnam (CIF) - 2022
The average import price for electrical fuses for under 1000 v stood at $0.1 per unit in 2022, growing by 16% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for electrical fuses for under 1000 v increased by +41.7% against 2015 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 20% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($0.1 per unit) and Mexico ($0.1 per unit), while the price for Thailand ($0.1 per unit) and South Korea ($0.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electrical Fuses for Under 1000 V in Vietnam (FOB) - 2022
In 2022, the average export price for electrical fuses for under 1000 v amounted to $55 per thousand units, growing by 25% against the previous year. Overall, the export price, however, showed a perceptible contraction. The growth pace was the most rapid in 2020 an increase of 34% against the previous year. Over the period under review, the average export prices reached the peak figure at $86 per thousand units in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($55 per thousand units) and the United States ($55 per thousand units), while the average price for exports to South Korea ($55 per thousand units) and Japan ($55 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.6%), while the prices for the other major destinations experienced a decline.
Imports of Electrical Fuses for Under 1000 V in Vietnam
In 2022, approx. 900M units of electrical fuses for under 1000 v were imported into Vietnam; which is down by -17.9% against the previous year. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 18% against the previous year. Over the period under review, imports of attained the peak figure at 1.1B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electrical fuses for under 1000 v shrank modestly to $91M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of $96M, and then declined slightly in the following year.
| Import of Electrical Fuses for Under 1000 V in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 38.7 | 32.7 | 34.3 | 31.2 | -6.9% |
| China | 15.9 | 20.6 | 28.7 | 24.4 | 15.3% |
| South Korea | 11.1 | 8.4 | 9.8 | 9.1 | -6.4% |
| Mexico | 1.2 | 1.3 | 3.8 | 6.3 | 73.8% |
| Thailand | 7.5 | 6.9 | 5.3 | 6.2 | -6.1% |
| Philippines | 2.1 | 2.1 | 3.8 | 4.8 | 31.7% |
| Taiwan (Chinese) | 2.0 | 2.7 | 3.5 | 3.3 | 18.2% |
| Others | 5.6 | 3.2 | 6.8 | 6.0 | 2.3% |
| Total | 84.2 | 77.9 | 96.1 | 91.3 | 2.7% |
Top Suppliers of Electrical Fuses for Under 1000 V to Vietnam in 2022:
- Japan (307.8M units)
- China (240.3M units)
- South Korea (89.4M units)
- Mexico (62.6M units)
- Thailand (61.3M units)
- Philippines (47.6M units)
- Taiwan (Chinese) (32.4M units)
Exports of Electrical Fuses for Under 1000 V in Vietnam
In 2022, the amount of electrical fuses for under 1000 v exported from Vietnam reduced markedly to 390M units, with a decrease of -25.2% on the year before. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, the exports attained the peak of 522M units, and then reduced notably in the following year.
In value terms, exports of electrical fuses for under 1000 v shrank to $21M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 8.6% against the previous year. As a result, the exports attained the peak of $23M, and then shrank in the following year.
| Export of Electrical Fuses for Under 1000 V in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 0.8 | 2.3 | 8.7 | 229.8% |
| Japan | 6.7 | 6.5 | 6.1 | 4.2 | -14.4% |
| South Korea | 5.0 | 5.1 | 5.9 | 3.8 | -8.7% |
| Hong Kong SAR | 5.9 | 6.7 | 4.9 | 3.0 | -20.2% |
| Philippines | 0.1 | 0.6 | 1.4 | 0.8 | 100.0% |
| China | 0.8 | 0.2 | 0.5 | 0.1 | -50.0% |
| Others | 1.6 | 1.1 | 1.6 | 0.8 | -20.6% |
| Total | 20.1 | 21.0 | 22.8 | 21.4 | 2.1% |
Top Export Markets for Electrical Fuses for Under 1000 V from Vietnam in 2022:
- United States (158.3M units)
- Japan (77.5M units)
- South Korea (69.2M units)
- Hong Kong SAR (54.6M units)
- Philippines (14.4M units)
- China (2.6M units)
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