India: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in India

The Indian electric heating resistor market contracted modestly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the market value increased by X%. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electric Heating Resistor Production in India

In value terms, electric heating resistor production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Electric Heating Resistor Exports

Exports from India

After four years of growth, overseas shipments of electric heating resistors decreased by X% to X units in 2022. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, electric heating resistor exports declined to $X in 2022. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Germany (X units), the Netherlands (X units) and Austria (X units) were the main destinations of electric heating resistor exports from India, together comprising X% of total exports. The United States, the UK, Italy, Japan, Canada, Finland, Denmark, Sweden, France and Slovenia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric heating resistor exported from India were Canada ($X), the Netherlands ($X) and the United States ($X), together accounting for X% of total exports. The UK, Germany, Austria, Japan, Sweden, Denmark, Finland, Italy, France and Slovenia lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price saw a mild curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Italy ($X 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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into India

In 2022, approx. X units of electric heating resistors were imported into India; rising by X% against the previous year's figure. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, electric heating resistor imports soared to $X in 2022. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electric heating resistor supplier to India, with a X% share of total imports. Moreover, electric heating resistor imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. The third position in this ranking was taken by Switzerland (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Switzerland (X% per year).

In value terms, China ($X) constituted the largest supplier of electric heating resistors to India, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a deep slump. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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