ASEAN: Resistor Market 2024

Resistor Market Size in ASEAN

For the third consecutive year, the ASEAN resistor market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption continues to indicate prominent growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Resistor Production in ASEAN

In value terms, resistor production rose slightly to $X in 2022 estimated in export price. Over the period under review, production showed a prominent increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Resistor Exports

Exports in ASEAN

For the third year in a row, ASEAN recorded decline in shipments abroad of electrical resistors (except heating resistors), which decreased by X% to X units in 2022. Total exports indicated a mild increase from 2012 to 2022: its volume 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, exports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, resistor exports expanded significantly to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Singapore was the key exporter of electrical resistors (except heating resistors) in ASEAN, with the volume of exports recording X units, which was approx. X% of total exports in 2022. Thailand (X units) held the second position in the ranking, distantly followed by Indonesia (X units) and Malaysia (X units). All these countries together held approx. X% share of total exports. Vietnam (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to resistor exports from Singapore stood at X%. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore, Thailand and Vietnam increased by X, X and X percentage points, respectively.

In value terms, Singapore ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

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

Export Prices by Country

The export price in ASEAN stood at $X per thousand units in 2022, jumping by X% against the previous year. Export price indicated strong 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 export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per thousand units), while Thailand ($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 Indonesia (X%), while the other leaders experienced more modest paces of growth.

Resistor Imports

Imports in ASEAN

In 2022, supplies from abroad of electrical resistors (except heating resistors) increased by X% to X units, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, resistor imports skyrocketed to $X in 2022. Over the period under review, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of resistor imports in 2022 were Vietnam (X units), Singapore (X units) and Malaysia (X units), together recording X% of total import. Thailand (X units) took a little share of total imports.

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

In value terms, the largest resistor importing markets in ASEAN were Malaysia ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per thousand units, surging by X% against the previous year. Overall, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per thousand units in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per thousand units), while Singapore ($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 Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform