Benelux: Electrical Fuse Market 2024

Electrical Fuse Market Size in Benelux

The Benelux electrical fuse market surged to $X in 2021, jumping by 34% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Electrical Fuse Production in Benelux

In value terms, electrical fuse production plummeted to $X in 2021 estimated in export price. In general, production, however, showed a abrupt descent. The growth pace was the most rapid in 2019 when the production volume increased by 30% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Electrical Fuse Exports

Exports in Benelux

Electrical fuse exports skyrocketed to X tons in 2021, with an increase of 34% on 2020. Over the period under review, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electrical fuse exports surged to $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +28.7% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons) represented the largest exporter of electrical fuses, mixing up 85% of total exports. It was distantly followed by Belgium (X tons), generating a 15% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electrical fuse exports from the Netherlands stood at -4.6%. Belgium experienced a relatively flat trend pattern. Belgium (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -3.8% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) remains the largest electrical fuse supplier in Benelux, comprising 87% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports.

In the Netherlands, electrical fuse exports expanded at an average annual rate of +3.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, with an increase of 2.9% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical fuse export price increased by +11.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 52%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%).

Electrical Fuse Imports

Imports in Benelux

After three years of decline, supplies from abroad of electrical fuses increased by 80% to X tons in 2021. Total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical fuse imports soared to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. 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

In 2021, the Netherlands (X tons) and Belgium (X tons) represented the key importer of electrical fuses in Benelux, constituting 99% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of +5.6%).

In value terms, the Netherlands ($X) constitutes the largest market for imported electrical fuses in Benelux, comprising 80% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands totaled +9.6%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, shrinking by -12.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 when the import price increased by 17%. Over the period under review, import prices reached the peak figure at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%).

Source: IndexBox Platform

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