Central Asia: Electrical Fuse Market 2024

Electrical Fuse Market Size in Central Asia

In 2021, after three years of growth, there was decline in the Central Asian electrical fuse market, when its value decreased by -2.2% to $X. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Electrical Fuse Production in Central Asia

In value terms, electrical fuse production shrank to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +68.3% against 2015 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 29%. The level of production peaked at $X in 2020, and then declined in the following year.

Electrical Fuse Exports

Exports in Central Asia

In 2021, shipments abroad of electrical fuses was finally on the rise to reach X tons after three years of decline. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 714% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, electrical fuse exports surged to $X in 2021. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan represented the main exporting country with an export of around X tons, which recorded 75% of total exports. Kazakhstan (X kg) took the second position in the ranking, followed by Kyrgyzstan (X kg) and Mongolia (X kg). All these countries together took near 23% share of total exports. Tajikistan (X kg) followed a long way behind the leaders.

Exports from Uzbekistan decreased at an average annual rate of -4.9% from 2012 to 2021. At the same time, Mongolia (+29.0%), Tajikistan (+28.5%) and Kyrgyzstan (+26.1%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +29.0% from 2012-2021. By contrast, Kazakhstan (-13.0%) illustrated a downward trend over the same period. While the share of Uzbekistan (+75 p.p.), Kyrgyzstan (+5.2 p.p.), Mongolia (+3.6 p.p.) and Tajikistan (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-85.2 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) emerged as the largest electrical fuse supplier in Central Asia, comprising 83% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with a 7.8% share of total exports. It was followed by Kazakhstan, with a 5.1% share.

In Uzbekistan, electrical fuse exports increased at an average annual rate of +356.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kyrgyzstan (+40.3% per year) and Kazakhstan (-6.6% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, growing by 127% against the previous year. Over the period under review, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+379.9%), while the other leaders experienced more modest paces of growth.

Electrical Fuse Imports

Imports in Central Asia

In 2021, overseas purchases of electrical fuses increased by 20% to X tons, rising for the fourth consecutive year after three years of decline. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.9% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of 26% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, electrical fuse imports shrank to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 50% against the previous year. The level of import peaked at $X in 2020, and then dropped in the following year.

Imports by Country

Kazakhstan was the main importer of electrical fuses in Central Asia, with the volume of imports recording X tons, which was near 62% of total imports in 2021. Kyrgyzstan (X tons) took the second position in the ranking, followed by Uzbekistan (X tons) and Tajikistan (X tons). All these countries together held near 33% share of total imports. Turkmenistan (X tons) and Mongolia (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electrical fuse imports into Kazakhstan stood at +4.5%. At the same time, Uzbekistan (+27.3%) and Kyrgyzstan (+21.7%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +27.3% from 2012-2021. Tajikistan experienced a relatively flat trend pattern. By contrast, Mongolia (-9.3%) and Turkmenistan (-10.1%) illustrated a downward trend over the same period. While the share of Uzbekistan (+11 p.p.) and Kyrgyzstan (+9.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tajikistan (-4 p.p.), Mongolia (-4.2 p.p.) and Turkmenistan (-11.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported electrical fuses in Central Asia, comprising 61% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 21% share of total imports. It was followed by Tajikistan, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+17.5% per year) and Tajikistan (-1.9% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, dropping by -22% against the previous year. In general, the import price saw a noticeable descent. The growth pace was the most rapid in 2017 an increase of 35% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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