Peru: Electrical Fuse Market 2024

Electrical Fuse Market Size in Peru

The Peruvian electrical fuse market surged to $X in 2021, picking up by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Electrical Fuse Exports

Exports from Peru

In 2021, approx. X kg of electrical fuses were exported from Peru; falling by -60.6% on the year before. Over the period under review, exports, however, continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2013 with an increase of 741%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, electrical fuse exports shrank sharply to $X in 2021. In general, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 462%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for electrical fuse exports from Peru, accounting for a 46% share of total exports. Moreover, electrical fuse exports to the United States exceeded the volume sent to the second major destination, Chile (X kg), twofold. Bolivia (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+17.5% per year) and Bolivia (-3.3% per year).

In value terms, the largest markets for electrical fuse exported from Peru were the United States ($X), Ecuador ($X) and Bolivia ($X), with a combined 63% share of total exports.

Ecuador, with a CAGR of +30.3%, saw the highest rates of growth with regard to 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, which is down by -12.5% against the previous year. In general, the export price, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 53%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Chile ($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 Colombia (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Fuse Imports

Imports into Peru

Electrical fuse imports into Peru amounted to X tons in 2021, picking up by 14% compared with the previous year. In general, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +34.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 41%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, electrical fuse imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 26%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest electrical fuse supplier to Peru, with a 68% share of total imports. Moreover, electrical fuse imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), tenfold. The United States (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-9.6% per year) and the United States (-15.5% per year).

In value terms, the largest electrical fuse suppliers to Peru were China ($X), the United States ($X) and Mexico ($X), with a combined 61% share of total imports. France, Germany, India, Spain, Colombia and Brazil lagged somewhat behind, together accounting for a further 22%.

France, with a CAGR of +18.7%, recorded the highest rates of growth with regard to the value of imports, among 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, increasing by 5.2% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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