Report Update: May 1, 2024

Philippines - Electrical Resistors (Except Heating Resistors) - Market Analysis, Forecast, Size, Trends and Insights

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Resistor Price in the Philippines - 2023

Resistor Price in the Philippines (CIF) - 2022

The average resistor import price stood at less than $0.1 per unit in 2022, falling by -10.1% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. As a result, import price attained the peak level of $0.3 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China (less than $0.1 per unit), while the price for Hong Kong SAR (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-14.3%), while the prices for the other major suppliers experienced a decline.

Resistor Price in the Philippines (FOB) - 2022

The average resistor export price stood at $0.5 per unit in 2022, with a decrease of -9.3% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32%. Over the period under review, the average export prices attained the maximum at $1.1 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($1.5 per unit), while the average price for exports to Malaysia ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports in the Philippines

In 2022, after three years of growth, there was significant decline in overseas purchases of electrical resistors (except heating resistors), when their volume decreased by -15.5% to 3.7B units. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 114%. As a result, imports attained the peak of 4.3B units, and then dropped dramatically in the following year.

In value terms, resistor imports reduced sharply to $123M in 2022. In general, imports recorded a slight downturn. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $162M, and then shrank significantly in the following year.

Import of Resistor in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	33.3	22.8	51.1	37.4	3.9%
Singapore	40.7	24.9	28.3	23.7	-16.5%
China	12.2	10.1	19.6	19.8	17.5%
Hong Kong SAR	13.2	14.6	20.5	17.2	9.2%
Taiwan (Chinese)	11.0	15.5	25.9	8.9	-6.8%
Malaysia	3.6	2.4	2.1	2.2	-15.1%
Others	13.2	11.1	14.5	13.8	1.5%
Total	127	101	162	123	-1.1%

Top Suppliers of Resistor to the Philippines in 2022:

Japan (1120.9M units)
Hong Kong SAR (769.8M units)
Singapore (699.0M units)
China (550.1M units)
Taiwan (Chinese) (342.0M units)
Malaysia (75.2M units)

Resistor Exports in the Philippines

In 2022, the amount of electrical resistors (except heating resistors) exported from the Philippines expanded slightly to 188M units, with an increase of 1.9% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, resistor exports reduced to $86M in 2022. The total export value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of $93M, and then reduced in the following year.

Export of Resistor in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	8.3	7.0	13.0	17.1	27.2%
China	14.5	12.8	19.8	15.6	2.5%
United States	4.1	6.6	10.7	12.9	46.5%
South Korea	9.1	13.2	12.7	10.2	3.9%
Vietnam	16.4	15.8	16.2	10.0	-15.2%
Ireland	2.6	2.2	4.5	5.1	25.2%
Hong Kong SAR	5.0	5.4	4.4	4.2	-5.6%
Malaysia	1.0	1.7	3.7	2.8	40.9%
Taiwan (Chinese)	1.3	1.3	1.4	1.1	-5.4%
Brazil	1.1	0.8	0.9	0.7	-14.0%
Others	3.6	4.1	5.9	6.6	22.4%
Total	67.0	70.8	93.3	86.2	8.8%

Top Export Markets for Resistor from the Philippines in 2022:

Japan (47.8M units)
United States (32.4M units)
Vietnam (22.4M units)
Malaysia (22.3M units)
China (20.1M units)
Ireland (11.2M units)
Hong Kong SAR (9.1M units)
South Korea (6.8M units)
Taiwan (Chinese) (3.4M units)
Brazil (2.9M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the resistor market in the Philippines. 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 27906035 - Fixed electrical resistors for a power handling capacity . .20 W (excluding heating resistors and fixed carbon resistors, c omposition or film types)
Prodcom 27906037 - Fixed electrical resistors for a power handling capacity > .20 W (excluding heating resistors and fixed carbon resistors, c omposition or film types)
Prodcom 27906055 - Wirewound variable resistors for a power handling capacity. .20 W
Prodcom 27906057 - Wirewound variable resistors for a power handling capacity > .20 W
Prodcom 27906080 - Fixed carbon resistors, composition or film types (excluding heating resistors), electrical variable resistors, including rheostats and potentiometers (excluding wirewound variable resistors and heating resistors)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023