Philippines: Resistor Market 2024

Resistor Market Size in the Philippines

The Philippine resistor market totaled $X in 2022, increasing by X% against the previous year. Overall, consumption saw strong growth. Resistor consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Resistor Production in the Philippines

In value terms, resistor production rose rapidly to $X in 2022 estimated in export price. In general, production saw a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Resistor production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Resistor Exports

Exports from the Philippines

In 2022, shipments abroad of electrical resistors (except heating resistors) decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, resistor exports reduced to $X in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Vietnam (X units), South Korea (X units) and China (X units) were the main destinations of resistor exports from the Philippines, with a combined X% share of total exports.

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

In value terms, the largest markets for resistor exported from the Philippines were Japan ($X), China ($X) and the United States ($X), together comprising X% of total exports. South Korea, Vietnam, Hong Kong SAR, India, Singapore, Germany, the Czech Republic and Brazil lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average resistor export price stood at less than $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, saw a sharp reduction. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Brazil (less than $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 Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Resistor Imports

Imports into the Philippines

In 2022, the amount of electrical resistors (except heating resistors) imported into the Philippines reduced dramatically to X units, shrinking by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, resistor imports dropped markedly to $X in 2022. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Japan (X units), Hong Kong SAR (X units) and China (X units) were the main suppliers of resistor imports to the Philippines, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and China ($X) appeared to be the largest resistor suppliers to the Philippines, with a combined X% share of total imports. Hong Kong SAR, Taiwan (Chinese), the United States, Malaysia, South Korea and Thailand lagged somewhat behind, together accounting for a further X%.

Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average resistor import price amounted to $X per thousand units, declining by X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price 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, resistor import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per thousand units in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per thousand units), while the price for Thailand ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform