Singapore: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Singapore

The Singaporean electric heating resistor market shrank to $X in 2022, falling by X% against the previous year. Overall, consumption saw a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Electric Heating Resistor Production in Singapore

In value terms, electric heating resistor production fell modestly to $X in 2022 estimated in export price. In general, production recorded a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electric Heating Resistor Exports

Exports from Singapore

In 2022, shipments abroad of electric heating resistors increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports saw a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric heating resistor exports surged to $X in 2022. In general, exports posted a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X units) was the main destination for electric heating resistor exports from Singapore, accounting for a X% share of total exports. Moreover, electric heating resistor exports to China exceeded the volume sent to the second major destination, Malaysia (X units), fivefold. Hong Kong SAR (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) remains the key foreign market for electric heating resistors exports from Singapore, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average electric heating resistor export price amounted to $X per unit, declining by X% against the previous year. In general, the export price, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the Netherlands ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Singapore

In 2022, overseas purchases of electric heating resistors increased by X% to X units, rising for the seventh year in a row after three years of decline. In general, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electric heating resistor imports skyrocketed to $X in 2022. Overall, imports showed a resilient 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 reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Malaysia (X units), Japan (X units) and the Czech Republic (X units) were the main suppliers of electric heating resistor imports to Singapore, with a combined X% share of total imports. Taiwan (Chinese), the United States, Vietnam, France and China lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X) constituted the largest supplier of electric heating resistors to Singapore, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the price for Japan ($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

Frequently Asked Questions (FAQ) :