In 2023, Mexico led the global export market of electrical fuses for a voltage of 1 kV and more with the highest financial share, followed by the United States and China. Significant year-on-year growth was evident in countries like Greece and Malaysia, with Greece showing remarkable growth. Conversely, some European countries like Ireland and Switzerland saw a notable decline.
Over the last five years, while established markets remained strong, emerging countries showed high growth rates. Moving forward, sector developments may be influenced by advancements in renewable energy sectors, regulatory changes, and technological innovations in electrical infrastructure.
Top countries in Export of Electrical Fuses for a Voltage of 1 kV and More Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Mexico | 16.71 | 2023 | +2.57% | +2.2% | View data |
| 2 | 2 United States | 14.49 | 2023 | +1.59% | +1.33% | View data |
| 3 | 3 China | 13.73 | 2023 | +2.2% | +2.26% | View data |
| 4 | 4 Philippines | 10.46 | 2023 | +0.44% | -6.5% | View data |
| 5 | 5 France | 8.69 | 2023 | +2.5% | +3.46% | View data |
| 6 | 6 Germany | 7.18 | 2023 | +1.95% | +1.1% | View data |
| 7 | 7 Hungary | 4.47 | 2023 | +4.3% | +3.08% | View data |
| 8 | 8 Singapore | 2.22 | 2023 | +1.16% | +1.62% | View data |
| 9 | 9 Poland | 2 | 2023 | +3.43% | +1.43% | View data |
| 10 | 10 Spain | 1.84 | 2023 | -1.43% | -0.47% | View data |
