Hong Kong SAR, China - Electrical Resistors (Except Heating Resistors) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong Witnesses a Drop in Resistor Exports, Now Valued at $1.4 Billion in 2023
Hong Kong Resistor Exports
In 2023, exports of electrical resistors (except heating resistors) from Hong Kong dropped notably to 16M units, with a decrease of -19.7% compared with 2022. Overall, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of 27M units. From 2022 to 2023, the growth of the exports failed to regain momentum.
In value terms, resistor exports declined dramatically to $1.4B (IndexBox estimates) in 2023. In general, total exports indicated modest growth from 2013 to 2023: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by -25.7% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $1.9B. From 2022 to 2023, the growth of the exports remained at a lower figure.
| COUNTRY | Export Value of Resistor in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 928 | 943 | 744 | 800 | 815 | 946 | 828 | 902 | 1,255 | 941 | 730 |
| Vietnam | 14.1 | 30.1 | 23.7 | 33.6 | 38.0 | 38.7 | 47.0 | 73.5 | 103 | 128 | 131 |
| United States | 32.5 | 39.6 | 59.4 | 62.0 | 54.3 | 62.5 | 37.7 | 32.5 | 70.0 | 128 | 117 |
| India | 11.6 | 12.3 | 17.9 | 20.7 | 26.3 | 37.6 | 35.0 | 43.3 | 49.0 | 62.7 | 66.9 |
| Hungary | 0.2 | 0.4 | 15.6 | 22.1 | 11.1 | 1.1 | 0.8 | 0.6 | 12.8 | 40.6 | 47.8 |
| Malaysia | 11.5 | 13.3 | 19.3 | 27.6 | 28.7 | 36.0 | 22.5 | 24.7 | 35.3 | 48.1 | 45.9 |
| Germany | 28.9 | 15.2 | 65.8 | 62.9 | 56.1 | 71.3 | 43.7 | 40.9 | 76.2 | 67.6 | 31.5 |
| South Korea | 32.5 | 29.6 | 21.5 | 19.4 | 18.5 | 41.6 | 26.5 | 38.6 | 41.9 | 23.8 | 22.3 |
| Others | 128 | 154 | 136 | 135 | 131 | 171 | 184 | 188 | 279 | 259 | 236 |
| Total | 1,187 | 1,237 | 1,103 | 1,184 | 1,180 | 1,406 | 1,225 | 1,344 | 1,923 | 1,699 | 1,428 |
Exports by Country
China (6.7M units) was the main destination for resistor exports from Hong Kong, accounting for a 43% share of total exports. Moreover, resistor exports to China exceeded the volume sent to the second major destination, Vietnam (1.4M units), fivefold. The third position in this ranking was held by India (1.2M units), with a 7.4% share.
From 2013 to 2023, the average annual growth rate of volume to China amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+22.7% per year) and India (+11.8% per year).
In value terms, China ($730M) remains the key foreign market for electrical resistors (except heating resistors) exports from Hong Kong, comprising 51% of total exports. The second position in the ranking was held by Vietnam ($131M), with a 9.2% share of total exports. It was followed by the United States, with an 8.2% share.
From 2013 to 2023, the average annual growth rate of value to China totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+25.0% per year) and the United States (+13.7% per year).
Export Prices by Country
In 2023, the resistor price stood at $91 per unit (FOB, Hong Kong), surging by 4.7% against the previous year. In general, export price indicated a moderate increase from 2013 to 2023: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, resistor export price increased by +66.1% against 2017 indices. The pace of growth was the most pronounced in 2022 an increase of 23% against the previous year. The export price peaked in 2023 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($138 per unit), while the average price for exports to Japan ($39 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the resistor market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
