Puerto Rico: Electrical Fuse Market 2025

Electrical Fuse Market Size in Puerto Rico

In 2021, the Puerto Rican electrical fuse market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a noticeable descent. 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 Puerto Rico

In value terms, electrical fuse production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 66% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Electrical Fuse Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of electrical fuses were exported from Puerto Rico; flattening at the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, electrical fuse exports totaled less than $X in 2021. Overall, exports saw a relatively flat trend pattern.

Exports by Country

China (X tons) and Mexico (X tons) represented roughly 38% of total exports in 2021. The United States (X tons) took the next position in the ranking, followed by Hong Kong SAR (X tons), Germany (X tons) and Japan (X tons). All these countries together took near 20% share of total exports. The following exporters - France (X tons), Italy (X tons), Slovenia (X tons), the Netherlands (X tons), Hungary (X tons), Thailand (X tons) and the UK (X tons) - together made up 21% of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +6.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical fuse supplying countries from Puerto Rico were Hong Kong SAR ($X), China ($X) and Mexico ($X), with a combined 35% share of total exports. These countries were followed by Japan, the United States, Germany, France, the Netherlands, Thailand, Italy, the UK, Hungary and Slovenia, which together accounted for a further 42%.

Thailand, with a CAGR of +5.3%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, flattening at the previous year. Overall, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the other leaders experienced more modest paces of growth.

Electrical Fuse Imports

Imports into Puerto Rico

In 2021, electrical fuse imports into Puerto Rico totaled less than X kg, stabilizing at the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, electrical fuse imports totaled less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

In 2021, Mexico (X tons), Nigeria (X tons), China (X tons), Germany (X tons), Hong Kong SAR (X tons), France (X tons), the UK (X tons), the Netherlands (X tons), Thailand (X tons), South Korea (X tons), the Czech Republic (X tons) and Italy (X tons) represented the main importer of electrical fuses in the world, committing 50% of total import. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +12.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2021, with a combined 26% share of total imports. These countries were followed by Germany, the Netherlands, South Korea, France, Thailand, Italy, the UK, Indonesia, the Czech Republic and Nigeria, which together accounted for a further 25%.

Nigeria, with a CAGR of +10.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately mirroring the previous year. In general, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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