EU: Electrical Fuse Market 2024

Electrical Fuse Market Size in the EU

The EU electrical fuse market skyrocketed to $X in 2021, jumping by 68% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electrical Fuse Production in the EU

In value terms, electrical fuse production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Electrical Fuse Exports

Exports in the EU

In 2021, shipments abroad of electrical fuses increased by 19% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical fuse exports soared to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Germany (X tons), France (X tons), Italy (X tons), Slovenia (X tons), the Netherlands (X tons), Hungary (X tons) and Spain (X tons), together recording 83% of total export. Poland (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +6.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021, with a combined 56% share of total exports. Italy, Hungary, Spain, Slovenia and Poland lagged somewhat behind, together accounting for a further 31%.

Among the main exporting countries, Poland, with a CAGR of +8.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, surging by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 when the export price increased by 8.4%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the other leaders experienced more modest paces of growth.

Electrical Fuse Imports

Imports in the EU

In 2021, after two years of decline, there was significant growth in supplies from abroad of electrical fuses, when their volume increased by 29% to X tons. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical fuse imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the ten major importers of electrical fuses, namely Germany, France, the Netherlands, the Czech Republic, Italy, Belgium, Poland, Spain, Hungary and Romania, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 45% share of total imports. Italy, Spain, Poland, Romania, the Czech Republic, Hungary and Belgium lagged somewhat behind, together accounting for a further 39%.

Poland, with a CAGR of +10.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, rising by 4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the import price increased by 14% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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