Asia: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in Asia

After six years of growth, the Asian electric heating resistor market decreased by -9.8% to $X in 2021. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Electric Heating Resistor Production in Asia

In value terms, electric heating resistor production declined modestly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Electric Heating Resistor Exports

Exports in Asia

For the sixth year in a row, Asia recorded growth in overseas shipments of electric heating resistors, which increased by 31% to X units in 2021. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 93% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, electric heating resistor exports surged to $X in 2021. In general, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X units, which amounted to 72% of total exports. Turkey (X units) took the second position in the ranking, followed by Vietnam (X units). All these countries together held approx. 19% share of total exports. The following exporters - South Korea (X units) and Japan (X units) - together made up 6.3% of total exports.

China was also the fastest-growing in terms of the electric heating resistors exports, with a CAGR of +22.1% from 2012 to 2021. At the same time, Vietnam (+12.8%), Turkey (+8.5%), Japan (+6.4%) and South Korea (+4.3%) displayed positive paces of growth. While the share of China (+27 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Vietnam (-2 p.p.), Japan (-2.7 p.p.), South Korea (-6.4 p.p.) and Turkey (-9.4 p.p.) displayed negative dynamics.

In value terms, China ($X), Japan ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2021, with a combined 84% share of total exports.

Vietnam, with a CAGR of +18.9%, saw the highest growth rate of 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

In 2021, the export price in Asia amounted to $X per unit, leveling off at the previous year. Overall, the export price, however, saw a pronounced contraction. The growth pace was the most rapid in 2018 an increase of 7.8%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.4%), while the other leaders experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports in Asia

In 2021, purchases abroad of electric heating resistors increased by 19% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of electric heating resistors, namely Turkey, South Korea, Thailand, Japan and China, represented more than two-thirds of total import. Vietnam (X units) ranks next in terms of the total imports with a 4.9% share, followed by Indonesia (4.5%). The following importers - Singapore (X units), the United Arab Emirates (X units), Malaysia (X units), Iraq (X units) and Taiwan (Chinese) (X units) - together made up 12% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electric heating resistors in Asia, comprising 30% of total imports. The second position in the ranking was held by South Korea ($X), with a 14% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +8.1%. In the other countries, the average annual rates were as follows: South Korea (+9.8% per year) and Japan (+3.6% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 an increase of 9% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :