Japan: Electrical Fuse Market 2024

Electrical Fuse Market Size in Japan

In 2021, the Japanese electrical fuse market decreased by -3.3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electrical Fuse Production in Japan

In value terms, electrical fuse production shrank modestly to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2017 with an increase of 15%. Electrical fuse production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electrical Fuse Exports

Exports from Japan

In 2021, overseas shipments of electrical fuses were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electrical fuse exports surged to $X in 2021. Overall, exports, however, saw a mild decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of electrical fuse exports from Japan, together accounting for 48% of total exports. These countries were followed by Vietnam, the Netherlands, Thailand, India, Indonesia, the Philippines and Mexico, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +44.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electrical fuse exported from Japan were China ($X), South Korea ($X) and the Netherlands ($X), together accounting for 50% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +32.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical fuse export price stood at $X per ton in 2021, with an increase of 8.8% against the previous year. Over the period under review, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 12%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($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 (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Electrical Fuse Imports

Imports into Japan

In 2021, after three years of decline, there was significant growth in overseas purchases of electrical fuses, when their volume increased by 15% to X tons. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 34% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, electrical fuse imports soared to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 21% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Mexico (X tons) were the main suppliers of electrical fuse imports to Japan, with a combined 81% share of total imports. These countries were followed by Vietnam, the Philippines, France and Tunisia, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia (with a CAGR of +20.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and the Philippines ($X) were the largest electrical fuse suppliers to Japan, together comprising 77% of total imports. Mexico, France, Vietnam and Tunisia lagged somewhat behind, together accounting for a further 18%.

Tunisia, with a CAGR of +9.4%, saw 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, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 10%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

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 Philippines ($X per ton), while the price for Vietnam ($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 (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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