Hong Kong SAR, China - Electric Heating Resistors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Heating Resistor Price in Hong Kong SAR - 2023
Contents:
- Electric Heating Resistor Price in Hong Kong SAR (FOB) - 2022
- Electric Heating Resistor Price in Hong Kong SAR (CIF) - 2022
- Electric Heating Resistor Exports in Hong Kong SAR
- Electric Heating Resistor Imports in Hong Kong SAR
Electric Heating Resistor Price in Hong Kong SAR (FOB) - 2022
In 2022, the average electric heating resistor export price amounted to $0.2 per unit, with a decrease of -11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2019 an increase of 14%. Over the period under review, the average export prices reached the maximum at $0.2 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($0.2 per unit) and China ($0.2 per unit), while the average price for exports to Singapore ($0.2 per unit) and Italy ($0.2 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Heating Resistor Price in Hong Kong SAR (CIF) - 2022
The average electric heating resistor import price stood at $0.2 per unit in 2022, rising by 20% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric heating resistor import price increased by +84.2% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($0.2 per unit) and Taiwan (Chinese) ($0.2 per unit), while the price for Singapore ($0.2 per unit) and China ($0.2 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Heating Resistor Exports in Hong Kong SAR
In 2022, approx. 159M units of electric heating resistors were exported from Hong Kong SAR; which is down by -10.3% on the year before. In general, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of 177M units, and then reduced in the following year.
In value terms, electric heating resistor exports declined remarkably to $29M in 2022. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $36M, and then fell notably in the following year.
Export of Electric Heating Resistor in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 20.6 | 18.9 | 24.5 | 24.0 | 5.2% |
Japan | 0.6 | 1.1 | 4.9 | 2.2 | 54.2% |
France | 1.9 | 0.4 | 0.6 | 0.4 | -40.5% |
United States | 3.1 | 1.8 | 1.2 | 0.3 | -54.1% |
Mexico | 1.1 | 0.5 | 0.5 | 0.2 | -43.3% |
Others | 4.6 | 3.0 | 4.1 | 1.5 | -31.2% |
Total | 31.9 | 25.7 | 35.8 | 28.5 | -3.7% |
Top Export Markets for Electric Heating Resistor from Hong Kong SAR in 2022:
- China (133.3M units)
- Japan (12.2M units)
- France (2.1M units)
- United States (1.6M units)
- Mexico (0.9M units)
Electric Heating Resistor Imports in Hong Kong SAR
In 2022, overseas purchases of electric heating resistors increased by 71% to 211M units for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.8% over the last three-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, electric heating resistor imports surged to $40M in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Electric Heating Resistor in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 14.2 | 10.4 | 12.2 | 8.7 | -15.1% |
Japan | 1.4 | 2.8 | 2.4 | 2.8 | 26.0% |
Germany | 0.3 | 0.2 | 0.9 | 0.4 | 10.1% |
Singapore | 0.3 | 0.8 | 0.8 | 0.2 | -12.6% |
United States | 3.6 | 0.4 | 0.7 | 0.2 | -61.8% |
Italy | 2.3 | 3.4 | 1.9 | N/A | -9.1% |
Others | 1.0 | 0.7 | 0.8 | 27.9 | 203.3% |
Total | 23.1 | 18.6 | 19.7 | 40.2 | 20.3% |
Top Suppliers of Electric Heating Resistor to Hong Kong SAR in 2022:
- China (49.1M units)
- Japan (15.7M units)
- Germany (2.0M units)
- Singapore (1.3M units)
- United States (1.3M units)
- Italy (0.1M units)
This report provides an in-depth analysis of the electric heating resistor market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512900 - Electric heating resistors (excluding of carbon)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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