Eastern Asia: Resistor Market 2024

Resistor Market Size in Eastern Asia

The East Asian resistor market surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced slump. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Resistor Production in Eastern Asia

In value terms, resistor production rose markedly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Resistor Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was decline in shipments abroad of electrical resistors (except heating resistors), when their volume decreased by X% to X units. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, resistor exports rose modestly to $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, China (X units) represented the largest exporter of electrical resistors (except heating resistors), constituting X% of total exports. Hong Kong SAR (X units) took the second position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together held near X% share of total exports. Japan (X units) and South Korea (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the electrical resistors (except heating resistors) exports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%), South Korea (X%), Japan (X%) and Hong Kong SAR (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea, Taiwan (Chinese), Japan and Hong Kong SAR saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest resistor supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per thousand units, growing by X% against the previous year. In general, the export price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per thousand units in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Resistor Imports

Imports in Eastern Asia

In 2022, purchases abroad of electrical resistors (except heating resistors) increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, resistor imports declined modestly to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced modestly in the following year.

Imports by Country

China was the major importing country with an import of about X units, which amounted to X% of total imports. Hong Kong SAR (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%). South Korea (X units) and Taiwan (Chinese) (X units) held a relatively small share of total imports.

China was also the fastest-growing in terms of the electrical resistors (except heating resistors) imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electrical resistors (except heating resistors) in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, resistor imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per thousand units in 2022, declining by X% against the previous year. In general, the import price recorded a slight decline. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per thousand units. From 2020 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform