Asia: Capacitor Market 2025

Capacitor Market Size in Asia

In 2021, the Asian capacitor market decreased by -5.1% to $X, falling for the third consecutive year after two years of growth. In general, consumption saw a slight slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Capacitor Production in Asia

In value terms, capacitor production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 39% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Capacitor Exports

Exports in Asia

In 2021, approx. X tons of electrical capacitors were exported in Asia; rising by 24% on the previous year. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, capacitor exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +20.6% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 32%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

China represented the key exporter of electrical capacitors in Asia, with the volume of exports finishing at X tons, which was near 40% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tons), Japan (X tons), Malaysia (X tons) and South Korea (X tons), together committing a 40% share of total exports. Taiwan (Chinese) (X tons), Indonesia (X tons), Singapore (X tons), the Philippines (X tons), Thailand (X tons) and India (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to capacitor exports from China stood at +4.4%. At the same time, the Philippines (+28.3%), Malaysia (+7.2%), Thailand (+5.7%), Indonesia (+5.3%), Japan (+3.7%) and South Korea (+3.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of +28.3% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.0%), India (-1.6%) and Singapore (-1.8%) illustrated a downward trend over the same period. China (+4.2 p.p.), the Philippines (+2.7 p.p.) and Malaysia (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Hong Kong SAR saw its share reduced by -2.1% and -6.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest capacitor supplying countries in Asia were China ($X), Japan ($X) and Hong Kong SAR ($X), with a combined 69% share of total exports. These countries were followed by Taiwan (Chinese), South Korea, Malaysia, the Philippines, Singapore, Indonesia, Thailand and India, which together accounted for a further 31%.

The Philippines, with a CAGR of +25.2%, saw the highest growth rate of the value of exports, among 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 Asia stood at $X per ton in 2021, increasing by 1.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2018 when the export price increased by 25%. The level of export peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.6%), while the other leaders experienced more modest paces of growth.

Capacitor Imports

Imports in Asia

In 2021, approx. X tons of electrical capacitors were imported in Asia; with an increase of 15% against 2020. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, capacitor imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 35% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

In 2021, Hong Kong SAR (X tons), distantly followed by China (X tons), Singapore (X tons), South Korea (X tons), Malaysia (X tons), Thailand (X tons), Vietnam (X tons) and India (X tons) were the main importers of electrical capacitors, together comprising 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +16.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 63% of total imports. Singapore, Malaysia, Vietnam, Thailand and India lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Vietnam, with a CAGR of +20.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 7.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2018 an increase of 21%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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