Which Country Exports the Most Electrical Resistors in the World?
Other Electrical Equipment May 28, 2018
IndexBox has just published a new report "World: Electrical Resistors (Except Heating Resistors) - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
In 2016, the amount of resistor imported worldwide amounted to 778K tonnes, declining by -30.2% against the previous year figure. Overall, resistor imports continue to indicate a deep contraction. The growth pace was the most rapid in 2011, when import increased by 44% from the previous year level. Over the period under review, global resistor imports reached its maximum volume of 1.7M tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.
In value terms, resistor imports amounted to $10B in 2016. The total import value increased at an average annual rate of +1.9% over the period from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, global resistor imports reached its maximum level of $10B in 2014- however, from 2015 to 2016, it failed to regain its strength.
Top Resistor Importing Countries in the World
1. China (2,308.0 million USD)
2. China, Hong Kong SAR (1,109.9 million USD)
3. Germany (927.8 million USD)
4. Mexico (473.7 million USD)
5. Malaysia (200.3 million USD)
6. United Kingdom (191.4 million USD)
7. Hungary (134.6 million USD)
8. Egypt (7.2 million USD)
Resistor Imports By Country
Hungary (269K tonnes), and Mexico (253K tonnes) represented roughly 67% of total imports of resistor in 2016. It was distantly followed by Malaysia (40K tonnes), and China (39K tonnes), together committing 10% share of total resistor imports. China, Hong Kong SAR (25K tonnes), Egypt (22K tonnes), the UK (15K tonnes), and Germany (13K tonnes) held the mild share of total imports.
From 2007 to 2016, the most notable growth rate of resistor imports, among the main importing countries, was attained by Egypt (+65.6% per year), while the other global leaders experienced more modest paces of growth.
In value terms, China ($2.3B) constitutes the largest market for imported resistor worldwide, making up 23% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($1.1B), with the share of 11% of global imports. It was followed by Germany, with the share of 9%.
In China, resistor imports stood at an average annual rate of +3.3% over the period from 2007-2016. In the other countries, the average annual rates were as follows: China, Hong Kong SAR (+3.0% per year) and Germany (+2.1% per year).
Resistor Import Prices By Country
The average resistor import price stood at $13 per kg in 2016, surging by 44% against the previous year. In general, resistor import price continues to indicate a remarkable growth. The most prominent rate of growth was recorded in 2010, when import price increased by 78% from the previous year level. Global resistor import peaked in 2016, and is expected to retain its growth in the near future.
Import prices varied noticeably by country of destination. the country with the highest import prices was Germany ($71 per kg), while Egypt ($333 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of resistor import prices was attained by Mexico (+21.4% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global resistor market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- resistor market share
- resistor prices
- resistor industry
- resistor sales
- resistor import
- resistor export
- resistor market forecast
- resistor price forecast
- key resistor producers
All data provided in this article covers the following product: HS Code 8533 - Electrical resistors (including rheostats and potentiometers), excluding heating resistors.
