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Mexico - Electrical Fuses - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jun 1, 2025

Mexico - Electrical Fuses - Market Analysis, Forecast, Size, Trends and Insights

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Jul 31, 2024

Mexico's Export of Electrical Fuse Reaches $448M High in 2023

Mexico Electrical Fuse Exports

In 2023, the amount of electrical fuses exported from Mexico expanded sharply to 6.6B units, with an increase of 7.6% against the year before. Overall, exports posted tangible growth. The most prominent rate of growth was recorded in 2021 when exports increased by 123%. As a result, the exports reached the peak of 6.9B units. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, electrical fuse exports rose significantly to $448M (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +4.4% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. The exports peaked in 2023 and are expected to retain growth in years to come.Mexico Electrical Fuse Exports By Country (Million USD)

COUNTRYExport Value of Electrical Fuse in Mexico (million USD)
20132014201520162017201820192020202120222023
United States280278311298309317349306365402431
China1.72.23.45.15.23.31.92.64.74.59.4
Others8.65.55.95.83.92.42.914.63.32.97.7
Total291286320309318323354323373410448

Exports by Country

the United States (6.4B units) was the main destination for electrical fuse exports from Mexico, with a 97% share of total exports. It was followed by China (135M units), with a 2% share of total exports.

From 2013 to 2023, the average annual rate of growth in terms of volume to the United States amounted to +2.7%.

In value terms, the United States ($431M) remains the key foreign market for electrical fuses exports from Mexico, comprising 96% of total exports. The second position in the ranking was taken by China ($9.4M), with a 2.1% share of total exports.

From 2013 to 2023, the average annual growth rate of value to the United States totaled +4.4%.

Exports by Type

Electrical fuses for under 1000 v (6.6B units) was the largest type of electrical fuses exported from Mexico, accounting for a 99% share of total exports. It was followed by electrical fuses for over 1000 v (68M units), with a 1% share of total exports.

From 2013 to 2023, the average annual growth rate of the volume of electrical fuses for under 1000 v exports totaled +2.6%.

In value terms, electrical fuses for under 1000 v ($341M) remains the largest type of electrical fuses exported from Mexico, comprising 76% of total exports. The second position in the ranking was held by electrical fuses for over 1000 v ($107M), with a 24% share of total exports.

From 2013 to 2023, the average annual growth rate of the value of electrical fuses for under 1000 v exports stood at +3.3%.

Export Prices by Country

In 2023, the electrical fuse price stood at $0.1 per unit (FOB, Mexico), increasing by 1.6% against the previous year. Over the period under review, export price indicated a modest increase from 2013 to 2023: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electrical fuse export price increased by +24.6% against 2021 indices. The pace of growth appeared the most rapid in 2015 an increase of 50% against the previous year. Over the period under review, the average export prices hit record highs at $0.1 per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was China ($0.1 per unit), while the average price for exports to the United States amounted to $0.1 per unit.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.1%).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electrical fuse market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27121010 - Fuses for a voltage > 1 kV
  • Prodcom 27122130 - Fuses for a voltage . 1 kV and for a current . .10 A
  • Prodcom 27122150 - Fuses for a voltage . 1 kV and for a current > .10 A but . .63 A
  • Prodcom 27122170 - Fuses for a voltage . 1 kV and for a current > .63 A

Country coverage:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND THE AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Export

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    14. Production Volume and Growth
    15. Exports and Growth
    16. Export Prices and Growth
    17. Market Size and Growth
    18. Per Capita Consumption
    19. Imports and Growth
    20. Import Prices
    21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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