World - Electrical Fuses - Market Analysis, Forecast, Size, Trends and Insights
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The global electrical fuse market is expected to see growth in the coming years. Consumption trends have shown fluctuations over the past decade, with some countries seeing significant increases in consumption per capita. Production volumes have remained relatively stable, with China, Italy, and India leading in both production and consumption. The import and export markets have also seen steady growth, with China, Mexico, and the United States being major players in exports. Prices have shown slight increases over the years, with electrical apparatus dominating both import and export markets.
Market Forecast
Driven by increasing demand for electrical fuses worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.2% for the period from 2022 to 2030, which is projected to bring the market volume to 1.2B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market value to $23B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electrical Fuses
In 2022, consumption of electrical fuses decreased by -0.5% to 1.2B units, falling for the third consecutive year after four years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 8.1% against the previous year. Global consumption peaked at 1.3B units in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
The global electrical fuse market revenue reduced to $20.1B in 2022, falling by -2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a slight downturn. Over the period under review, the global market hit record highs at $23.5B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (308M units), Italy (166M units) and India (129M units), together accounting for 50% of global consumption. Germany, Japan, France, Mexico, Poland, Hungary, South Korea, the UK and Slovakia lagged somewhat behind, together accounting for a further 28%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Slovakia (with a CAGR of +42.9%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest electrical fuse markets worldwide were China ($5.4B), India ($3.3B) and Japan ($2.5B), with a combined 56% share of the global market. South Korea, Slovakia, France, Italy, the UK, Germany, Hungary, Poland and Mexico lagged somewhat behind, together comprising a further 7.8%.
Among the main consuming countries, Slovakia, with a CAGR of +45.7%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of electrical fuse per capita consumption in 2022 were Slovakia (3.4 units per person), Italy (2.8 units per person) and Hungary (2.5 units per person).
From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +42.8%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Electrical Fuses
In 2022, production of electrical fuses decreased by -0.2% to 1.2B units, falling for the third year in a row after four years of growth. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 8% against the previous year. Global production peaked at 1.3B units in 2019; however, from 2020 to 2022, production remained at a lower figure.
In value terms, electrical fuse production fell modestly to $20B in 2022 estimated in export price. Over the period under review, production showed a mild decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 6.5%. Global production peaked at $23.1B in 2012; however, from 2013 to 2022, production remained at a lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were China (332M units), Italy (168M units) and India (129M units), with a combined 51% share of global production.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Italy (with a CAGR of +23.0%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Electrical Fuses
Global electrical fuse imports was estimated at 114M units in 2022, stabilizing at the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 27%. As a result, imports reached the peak of 129M units. From 2014 to 2022, the growth of global imports failed to regain momentum.
In value terms, electrical fuse imports rose rapidly to $4.1B in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in years to come.
Imports By Country
The purchases of the twelve major importers of electrical fuses, namely Mexico, Nigeria, China, Germany, France, Singapore, Hong Kong SAR, Thailand, the UK, Malaysia, Indonesia and the Netherlands, represented more than half of total import. South Korea (2.6M units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +14.8%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest electrical fuse importing markets worldwide were China ($471M), Hong Kong SAR ($291M) and Mexico ($224M), together accounting for 24% of global imports. Germany, Singapore, the Netherlands, South Korea, France, Thailand, Indonesia, the UK, Malaysia and Nigeria lagged somewhat behind, together comprising a further 28%.
In terms of the main importing countries, Singapore, with a CAGR of +17.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Imports By Type
The products with the highest levels of electrical fuse imports in 2022 were electrical apparatus (68B units), together amounting to 99.9% of total import.
Electrical apparatus was also the fastest-growing in terms of imports, with a CAGR of +1.9% from 2012 to 2022. The shares of the largest types remained relatively stable throughout the analyzed period.
In value terms, electrical apparatus ($3.6B) constitutes the largest type of electrical fuses imported worldwide, comprising 88% of global imports. The second position in the ranking was taken by electrical apparatus ($493M), with a 12% share of global imports.
For electrical apparatus, imports expanded at an average annual rate of +3.8% over the period from 2012-2022.
Import Prices By Type
In 2022, the average electrical fuse import price amounted to $36 per unit, picking up by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 15%. Global import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was electrical apparatus ($21 per unit), while the price for electrical apparatus amounted to $0.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by electrical apparatus; fuses, for a voltage not exceeding 1000 volts (+1.9%).
Import Prices By Country
In 2022, the average electrical fuse import price amounted to $36 per unit, increasing by 7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($77 per unit), while Nigeria ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Electrical Fuses
In 2022, global exports of electrical fuses was estimated at 127M units, increasing by 4.2% on the year before. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, electrical fuse exports rose slightly to $3.9B in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; 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 27% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are likely to see gradual growth in years to come.
Exports By Country
In 2022, China (31M units) and Mexico (21M units) represented the major exporters of electrical fusesin the world, together generating 41% of total exports. The United States (8.4M units) took the next position in the ranking, followed by Japan (6M units). All these countries together held near 11% share of total exports. The following exporters - Germany (5.4M units), Hong Kong SAR (5.3M units), France (4.4M units), Italy (4.3M units), Slovenia (3.3M units), Thailand (3.2M units), the UK (3.2M units), Hungary (3.1M units) and Spain (2.9M units) - together made up 28% of total exports.
From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +4.7%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, China ($472M), Hong Kong SAR ($470M) and Mexico ($410M) constituted the countries with the highest levels of exports in 2022, with a combined 34% share of global exports. The United States, Japan, Germany, France, Thailand, Italy, the UK, Hungary, Spain and Slovenia lagged somewhat behind, together comprising a further 40%.
France, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Exports By Type
Electrical apparatus (56B units) represented roughly 100% of total exports in 2022.
Electrical apparatus experienced a relatively flat trend pattern with regard to volume of exports. The shares of the largest types remained relatively stable throughout the analyzed period.
In value terms, electrical apparatus ($3.3B) remains the largest type of electrical fuses supplied worldwide, comprising 85% of global exports. The second position in the ranking was held by electrical apparatus ($577M), with a 15% share of global exports.
From 2012 to 2022, the average annual growth rate of the value of electrical apparatus exports stood at +2.7%.
Export Prices By Type
In 2022, the average electrical fuse export price amounted to $31 per unit, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2017 an increase of 11%. The global export price peaked at $32 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was electrical apparatus ($18 per unit), while the average price for exports of electrical apparatus stood at $0.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by electrical apparatus; fuses, for a voltage not exceeding 1000 volts (+2.8%).
Export Prices By Country
In 2022, the average electrical fuse export price amounted to $31 per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2017 an increase of 11% against the previous year. Over the period under review, the average export prices reached the peak figure at $32 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($89 per unit), while Slovenia ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global electrical fuse market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27121010 - Fuses for a voltage > 1 kV
- Prodcom 27122130 - Fuses for a voltage . 1 kV and for a current . .10 A
- Prodcom 27122150 - Fuses for a voltage . 1 kV and for a current > .10 A but . .63 A
- Prodcom 27122170 - Fuses for a voltage . 1 kV and for a current > .63 A
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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