Mexico - Electrical Fuses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMexico'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.
| COUNTRY | Export Value of Electrical Fuse in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 280 | 278 | 311 | 298 | 309 | 317 | 349 | 306 | 365 | 402 | 431 |
| China | 1.7 | 2.2 | 3.4 | 5.1 | 5.2 | 3.3 | 1.9 | 2.6 | 4.7 | 4.5 | 9.4 |
| Others | 8.6 | 5.5 | 5.9 | 5.8 | 3.9 | 2.4 | 2.9 | 14.6 | 3.3 | 2.9 | 7.7 |
| Total | 291 | 286 | 320 | 309 | 318 | 323 | 354 | 323 | 373 | 410 | 448 |
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%).
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
