Finland: Electrical Fuse Market 2024

Electrical Fuse Market Size in Finland

The Finnish electrical fuse market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, showed a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electrical Fuse Production in Finland

In value terms, electrical fuse production expanded notably to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt curtailment. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electrical Fuse Exports

Exports from Finland

In 2021, shipments abroad of electrical fuses increased by 23% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, recorded a deep reduction. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, electrical fuse exports fell slightly to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Estonia (X tons), Italy (X tons) and Lithuania (X tons) were the main destinations of electrical fuse exports from Finland, with a combined 50% share of total exports. Turkey, Russia, Germany, Singapore, Sweden, the United States, Brazil, Latvia, Poland and Thailand lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +19.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical fuse exported from Finland were Estonia ($X), Italy ($X) and Russia ($X), with a combined 43% share of total exports. Germany, the United States, Turkey, Sweden, Lithuania, Singapore, Brazil, Poland, Latvia and Thailand lagged somewhat behind, together accounting for a further 29%.

Turkey, with a CAGR of +19.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electrical fuse export price amounted to $X per ton, reducing by -21.9% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2019 when the average export price increased by 80%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Fuse Imports

Imports into Finland

In 2021, overseas purchases of electrical fuses increased by 27% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a abrupt decrease. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electrical fuse imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a slight curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Germany (X tons) and France (X tons) were the main suppliers of electrical fuse imports to Finland, together accounting for 62% of total imports. China, India, Estonia, the Netherlands, Latvia, Poland, the Czech Republic, the UK and Denmark lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +50.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical fuse suppliers to Finland were Germany ($X), France ($X) and Sweden ($X), together comprising 50% of total imports. These countries were followed by China, the Netherlands, Poland, Estonia, India, the Czech Republic, the UK, Latvia and Denmark, which together accounted for a further 35%.

Latvia, with a CAGR of +53.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical fuse import price stood at $X per ton in 2021, falling by -2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 112% against the previous year. The import price peaked at $X per ton in 2020, and then dropped slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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