Scandinavia: Electrical Fuse Market 2024

Electrical Fuse Market Size in Scandinavia

In 2021, the Scandinavia electrical fuse market increased by 7.4% to $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Electrical Fuse Production in Scandinavia

In value terms, electrical fuse production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Electrical Fuse Exports

Exports in Scandinavia

In 2021, overseas shipments of electrical fuses increased by 22% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, showed a deep reduction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electrical fuse exports skyrocketed to $X in 2021. In general, exports, however, recorded a deep setback. The growth pace was the most rapid in 2020 with an increase of 31%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Sweden (X tons) represented the key exporter of electrical fuses, making up 70% of total exports. Finland (X tons) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Norway (7.3%).

Exports from Sweden decreased at an average annual rate of -5.8% from 2012 to 2021. Finland (-5.2%) and Norway (-10.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden and Finland increased by +2.1 and +2 percentage points, respectively.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) were the countries with the highest levels of exports in 2021.

Finland, with a CAGR of +0.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 32% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+5.6%), while the other leaders experienced mixed trends in the export price figures.

Electrical Fuse Imports

Imports in Scandinavia

In 2021, purchases abroad of electrical fuses increased by 40% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a perceptible contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electrical fuse imports soared to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some 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

Sweden represented the largest importing country with an import of about X tons, which accounted for 67% of total imports. Norway (X tons) held the second position in the ranking, followed by Finland (X tons). All these countries together took approx. 33% share of total imports.

Sweden was also the fastest-growing in terms of the electrical fuses imports, with a CAGR of +5.0% from 2012 to 2021. Norway (-7.8%) and Finland (-16.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +40 percentage points.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021.

Sweden, with a CAGR of +7.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 2.7% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical fuse import price increased by +71.6% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by 26% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+18.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :