Sweden: Electrical Fuse Market 2024

Electrical Fuse Market Size in Sweden

After five years of decline, the Swedish electrical fuse market increased by 6.1% to $X in 2021. Over the period under review, consumption, however, continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Electrical Fuse Production in Sweden

In value terms, electrical fuse production declined modestly to $X in 2021 estimated in export price. In general, production, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Electrical Fuse Exports

Exports from Sweden

Electrical fuse exports from Sweden soared to X tons in 2021, picking up by 21% compared with the previous year. In general, exports, however, recorded a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 29%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electrical fuse exports skyrocketed to $X in 2021. Overall, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 with an increase of 103% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X tons), Finland (X tons) and the Netherlands (X tons) were the main destinations of electrical fuse exports from Sweden, together accounting for 73% of total exports. These countries were followed by China, Estonia, Hong Kong SAR, Denmark, Poland, India and Switzerland, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +16.6%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for electrical fuses exports from Sweden, comprising 32% of total exports. The second position in the ranking was held by Finland ($X), with a 13% share of total exports. It was followed by China, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+4.0% per year) and China (-11.1% per year).

Export Prices by Country

In 2021, the average electrical fuse export price amounted to $X per ton, rising by 45% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical fuse export price increased by +95.5% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 57%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($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 Switzerland (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Fuse Imports

Imports into Sweden

In 2021, supplies from abroad of electrical fuses was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical fuse imports soared to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovenia (X tons), Hungary (X tons) and France (X tons) were the main suppliers of electrical fuse imports to Sweden, together accounting for 59% of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +46.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of electrical fuses to Sweden, comprising 27% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by France, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary totaled +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.9% per year) and France (+2.2% per year).

Import Prices by Country

The average electrical fuse import price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 25% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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