South-Eastern Asia: Electrical Fuse Market 2024

Electrical Fuse Market Size in South-Eastern Asia

For the seventh year in a row, the Southeast Asian electrical fuse market recorded decline in sales value, which decreased by -0.3% to $X in 2021. In general, consumption, however, showed a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electrical Fuse Production in South-Eastern Asia

In value terms, electrical fuse production totaled $X in 2021 estimated in export price. In general, production, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 10%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electrical Fuse Exports

Exports in South-Eastern Asia

In 2021, electrical fuse exports in South-Eastern Asia rose markedly to X tons, picking up by 7.6% on 2020. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 22%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electrical fuse exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

In 2021, Thailand (X tons), distantly followed by the Philippines (X tons), Singapore (X tons) and Vietnam (X tons) represented the main exporters of electrical fuses, together achieving 95% of total exports. The following exporters - Malaysia (X tons) and Indonesia (X tons) - together made up 5.4% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +11.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electrical fuse supplying countries in South-Eastern Asia were the Philippines ($X), Thailand ($X) and Singapore ($X), together comprising 88% of total exports.

Thailand, with a CAGR of +5.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 5.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 19%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.4%), while the other leaders experienced more modest paces of growth.

Electrical Fuse Imports

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded decline in overseas purchases of electrical fuses, which decreased by -5% to X tons in 2021. In general, imports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2013 with an increase of 191% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electrical fuse imports soared to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

The countries with the highest levels of electrical fuse imports in 2021 were Thailand (X tons), Indonesia (X tons), Malaysia (X tons), Vietnam (X tons), the Philippines (X tons) and Singapore (X tons), together accounting for 96% of total import. Myanmar (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +10.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical fuse importing markets in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Thailand ($X), together comprising 57% of total imports.

The Philippines, with a CAGR of +17.4%, saw the highest rates of growth with regard to 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

The import price in South-Eastern Asia stood at $X per ton in 2021, growing by 31% against the previous year. Import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical fuse import price increased by +209.7% against 2013 indices. The most prominent rate of growth was recorded in 2014 an increase of 91%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($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 Philippines (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :