Eastern Asia: Electrical Fuse Market 2024

Electrical Fuse Market Size in Eastern Asia

In 2021, the East Asian electrical fuse market decreased by -2.4% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, showed a slight decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electrical Fuse Production in Eastern Asia

In value terms, electrical fuse production declined modestly to $X in 2021 estimated in export price. Overall, production, however, showed a mild descent. The most prominent rate of growth was recorded in 2015 when the production volume increased by 22%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Electrical Fuse Exports

Exports in Eastern Asia

In 2021, approx. X tons of electrical fuses were exported in Eastern Asia; jumping by 25% on 2020. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical fuse exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.9% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporter of electrical fuses in Eastern Asia, with the volume of exports finishing at X tons, which was approx. 61% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tons), Japan (X tons) and Taiwan (Chinese) (X tons), together mixing up a 35% share of total exports. South Korea (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of electrical fuses. At the same time, Taiwan (Chinese) (+9.7%) and Hong Kong SAR (+2.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +9.7% from 2012-2021. South Korea and Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Taiwan (Chinese) and Hong Kong SAR increased by +3.8 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical fuse supplying countries in Eastern Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), together accounting for 84% of total exports. These countries were followed by Taiwan (Chinese) and South Korea, which together accounted for a further 15%.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of +12.6%, recorded the highest growth rate of 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

In 2021, the export price in Eastern Asia amounted to $X per ton, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2020 when the export price increased by 21% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the other leaders experienced more modest paces of growth.

Electrical Fuse Imports

Imports in Eastern Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of electrical fuses, when their volume increased by 19% to X tons. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 20%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, electrical fuse imports surged to $X in 2021. The total import value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Hong Kong SAR (X tons) represented roughly 69% of total imports in 2021. It was distantly followed by South Korea (X tons) and Japan (X tons), together achieving a 26% share of total imports. Taiwan (Chinese) (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +6.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, with a combined 87% share of total imports. Japan and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, 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 Eastern Asia amounted to $X per ton, rising by 5.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 8.4%. Over the period under review, import prices attained the maximum in 2021 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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