Market research

Electrical fuses market in Hungary

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for electrical fuses in Hungary experienced moderate fluctuations between 2018 and 2022, with its size hovering around USD 24-25 million. It saw a slight increase to USD 24.9 million in 2019 and remained relatively stable through 2022.

A decline to USD 23.0 million occurred in 2023, driven by the adoption of current-limiting fuse technology which extended component lifespan and reduced replacement frequency. This was accompanied by the market standardization of fuse categories like gG and gL, simplifying consumer choice. The market recovered to USD 25.7 million in 2024, fueled by rising demand from electric heating systems and ongoing technological innovations that introduced more reliable and durable fuse products.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In value
  1. 4.1.1. Production, 2018-2019, 2022-2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018-2019, 2022-2024
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018-2019, 2022-2024, K unit
  2. 5.1.2. In value, 2018-2019, 2022-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K unit
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production electrical fuses in Hungary

In value, 2018-2021, K $ US

In 2019, Hungary's output of electrical fuses was valued at 43 039 thousand US dollars, marking a 7.5% decrease compared to the previous year.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(7.5%)	n/a	n/a	-

Source: SHEV.io

Exports electrical fuses from Hungary

Exports in kind, t

After a two-year decline, Hungary's exports of electrical fuses rebounded in 2021. The country exported 3 424 tonnes, which represents a 14.3% increase from 2020. The lowest export volume was recorded in 2020 at 2 994 tonnes, following a significant decline of 9.4% that year.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.8%)	(9.4%)	14.3%	(0.5%)

Source: SHEV.io

From 2018 to 2021, France, Germany, and the United Kingdom were the leading destinations for Hungary's electrical fuse exports in volume terms. France accounted for 39.5% of exports, Germany for 17.2%, and the United Kingdom for 14.0%. Together, these three countries represented 70.7% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, K $ US

Following a two-year downturn, Hungary's electrical fuse exports saw a strong recovery in 2021. Export value reached 68 494 thousand US dollars, showing a dramatic 41.6% increase compared to 2020. The lowest value was recorded in 2020 at 48 372 thousand US dollars, after a 10.3% decline in 2019. Overall, between 2018 and 2021, exports grew by 21%, equivalent to an annualized growth rate of 6.6%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(10.3%)	(4.7%)	41.6%	6.6%

Source: SHEV.io

From 2018 to 2021, France, the United Kingdom, and the United States remained the primary buyers of Hungarian electrical fuses in value terms. France accounted for 22.0% of export value, the United Kingdom for 18.2%, and the United States for 14.3%. Collectively, these three markets formed 54.5% of total export value.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports electrical fuses to Hungary

Imports in kind, t

After two years of growth, Hungary's imports of electrical fuses declined in 2021. The country imported 1 443 tonnes, down 1.8% year-over-year. The peak import volume was recorded in 2020 at 1 443 tonnes, following a 5.2% increase in 2019. Over the 2018-2021 period, imports increased by 7.7%, with a compound annual growth rate of 2.5%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	5.2%	4.3%	(1.8%)	2.5%

Source: SHEV.io

Between 2018 and 2021, France, the Netherlands, and Germany were the main sources of Hungary's electrical fuse imports in volume terms. France contributed 35.0% of imports, the Netherlands 26.8%, and Germany 17.4%. Together, these three countries accounted for 79.2% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, K $ US

Hungary's imports of electrical fuses increased for the second consecutive year in 2021. Import value reached approximately 43 539 thousand US dollars, up 29.7% from the previous year. The lowest value was recorded in 2019 at 32 654 thousand US dollars, after a 4.7% decline that year. Between 2018 and 2021, imports grew by 27.1%, equivalent to an annualized rate of 8.3%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.7%)	2.8%	29.7%	8.3%

Source: SHEV.io

From 2018 to 2021, Germany, the Netherlands, and Italy led as the top suppliers of electrical fuses to Hungary in value terms. Germany accounted for 38.6% of import value, the Netherlands for 29.2%, and Italy for 8.3%. Their combined share reached 76.2% of total import value.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io