United Kingdom: Resistor Market 2024

Resistor Market Size in the UK

In 2022, the UK resistor market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, recorded prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Resistor Production in the UK

In value terms, resistor production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Resistor Exports

Exports from the UK

In 2022, overseas shipments of electrical resistors (except heating resistors) increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, resistor exports dropped to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for resistor exports from the UK, with a X% share of total exports. Moreover, resistor exports to France exceeded the volume sent to the second major destination, Italy (X units), fourfold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, Germany ($X) remains the key foreign market for electrical resistors (except heating resistors) exports from the UK, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

The average resistor export price stood at $X per thousand units in 2022, dropping by X% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per thousand units, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per thousand units), while the average price for exports to France ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into the UK

In 2022, the amount of electrical resistors (except heating resistors) imported into the UK shrank markedly to X units, declining by X% against the previous year. In general, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank significantly in the following year.

In value terms, resistor imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and France (X units) were the main suppliers of resistor imports to the UK, together comprising X% of total imports. Israel, Japan, Taiwan (Chinese), India, Thailand, the Netherlands, Italy, the Czech Republic, the United States and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest resistor suppliers to the UK were China ($X), Japan ($X) and Thailand ($X), together accounting for X% of total imports. Taiwan (Chinese), the United States, Germany, France, Israel, India, the Czech Republic, Italy, the Netherlands and Hungary lagged somewhat behind, together accounting for a further X%.

Israel, with a CAGR of X%, recorded the highest growth rate of 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

The average resistor import price stood at $X per thousand units in 2022, jumping by X% against the previous year. Overall, import price indicated a buoyant expansion 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. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform

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