Pakistan: Electrical Fuse Market 2024

Electrical Fuse Market Size in Pakistan

In 2021, the Pakistani electrical fuse market increased by 28% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate strong growth. Electrical fuse consumption peaked in 2021 and is expected to retain growth in the near future.

Electrical Fuse Exports

Exports from Pakistan

In 2021, electrical fuse exports from Pakistan soared to X tons, with an increase of 67% on the year before. Over the period under review, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 793%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, electrical fuse exports surged to $X in 2021. In general, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 542%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for electrical fuse exports from Pakistan, with a 81% share of total exports. Moreover, electrical fuse exports to Malaysia exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold. The third position in this ranking was taken by Tanzania (X kg), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-13.0% per year) and Tanzania (-2.5% per year).

In value terms, Malaysia ($X) remains the key foreign market for electrical fuses exports from Pakistan, comprising 31% of total exports. The second position in the ranking was held by Spain ($X), with a 6.4% share of total exports. It was followed by the United Arab Emirates, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-18.7% per year) and the United Arab Emirates (+35.0% per year).

Export Prices by Country

In 2021, the average electrical fuse export price amounted to $X per ton, growing by 182% against the previous year. In general, the export price, however, saw a mild descent. The growth pace was the most rapid in 2017 an increase of 218%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Tanzania ($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 Spain (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Fuse Imports

Imports into Pakistan

In 2021, overseas purchases of electrical fuses increased by 23% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports saw a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 69% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, electrical fuse imports surged to $X in 2021. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest electrical fuse supplier to Pakistan, with a 56% share of total imports. Moreover, electrical fuse imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.0% per year) and Turkey (+22.6% per year).

In value terms, China ($X) constituted the largest supplier of electrical fuses to Pakistan, comprising 53% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.7% per year) and Turkey (+28.8% per year).

Import Prices by Country

In 2021, the average electrical fuse import price amounted to $X per ton, growing by 6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 29%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the price for Thailand ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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