New Zealand: Electrical Fuse Market 2024

Electrical Fuse Market Size in New Zealand

For the fourth consecutive year, the New Zealand electrical fuse market recorded decline in sales value, which decreased by -7.6% to $X in 2021. In general, consumption saw a mild decrease. Electrical fuse consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Electrical Fuse Exports

Exports from New Zealand

In 2021, shipments abroad of electrical fuses increased by 105% to X tons, rising for the sixth consecutive year after three years of decline. Over the period under review, exports posted a noticeable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical fuse exports skyrocketed to $X in 2021. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Australia (X tons) and the Netherlands (X tons) were the main destinations of electrical fuse exports from New Zealand, together accounting for 64% of total exports. Samoa, Fiji, Brazil, China, Tonga, Papua New Guinea, Cook Islands and Niue lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +99.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and the Netherlands ($X) were the largest markets for electrical fuse exported from New Zealand worldwide, together accounting for 65% of total exports. Samoa, Fiji, China, Brazil, Tonga, Papua New Guinea, Cook Islands and Niue lagged somewhat behind, together comprising a further 28%.

China, with a CAGR of +66.1%, recorded the highest growth rate of the value of exports, in terms of 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, increasing by 4.6% against the previous year. Overall, the export price enjoyed measured growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 112% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Brazil ($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 Marshall Islands (+56.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Fuse Imports

Imports into New Zealand

Electrical fuse imports into New Zealand rose rapidly to X tons in 2021, picking up by 8.4% against the year before. Overall, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 11%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electrical fuse imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of electrical fuse imports to New Zealand, together comprising 50% of total imports. Germany, Switzerland, the United States, the Philippines, Mexico, Italy, India, the UK and Poland lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +47.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical fuse suppliers to New Zealand were Australia ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 50% of total imports. Switzerland, Germany, the United States, the Philippines, Mexico, Italy, India, the UK and Poland lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, the Philippines, with a CAGR of +31.2%, 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 average electrical fuse import price amounted to $X per ton, growing by 6.7% against the previous year. In general, the import price showed resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Switzerland ($X per ton) and Italy ($X per ton), while the price for Poland ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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