Brazil: Electrical Fuse Market 2024

Electrical Fuse Market Size in Brazil

In 2021, the Brazilian electrical fuse market was finally on the rise to reach $X after eight years of decline. Over the period under review, consumption, however, saw a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electrical Fuse Production in Brazil

In value terms, electrical fuse production expanded modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep slump. Electrical fuse production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electrical Fuse Exports

Exports from Brazil

In 2021, shipments abroad of electrical fuses was finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical fuse exports soared to $X in 2021. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons), the United States (X tons) and Guatemala (X tons) were the main destinations of electrical fuse exports from Brazil, together accounting for 56% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +43.1%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electrical fuses exports from Brazil, comprising 43% of total exports. The second position in the ranking was taken by Paraguay ($X), with a 9.5% share of total exports. It was followed by Argentina, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+1.7% per year) and Argentina (-2.5% per year).

Export Prices by Country

In 2021, the average electrical fuse export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Uruguay ($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 the United States (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Fuse Imports

Imports into Brazil

In 2021, the amount of electrical fuses imported into Brazil shrank to X tons, waning by -6.4% against the previous year's figure. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical fuse imports surged to $X in 2021. Over the period under review, imports showed a perceptible downturn. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Italy (X tons) were the main suppliers of electrical fuse imports to Brazil, together comprising 68% of total imports. Greece, South Korea, Spain, the United States, Germany, India, Hungary, Japan and Thailand lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and the United States ($X) appeared to be the largest electrical fuse suppliers to Brazil, together accounting for 58% of total imports. These countries were followed by Italy, South Korea, Spain, Germany, Greece, Hungary, Japan, India and Thailand, which together accounted for a further 31%.

Spain, with a CAGR of +20.5%, recorded the highest growth rate of 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

In 2021, the average electrical fuse import price amounted to $X per ton, picking up by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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