Asia-Pacific: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in Asia-Pacific

In 2021, the Asia-Pacific electric heating resistor market decreased by -10.3% to $X for the first time since 2015, thus ending a five-year rising trend. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Electric Heating Resistor Production in Asia-Pacific

In value terms, electric heating resistor production dropped to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +63.5% against 2014 indices. The growth pace was the most rapid in 2016 when the production volume increased by 21% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Electric Heating Resistor Exports

Exports in Asia-Pacific

In 2021, shipments abroad of electric heating resistors increased by 32% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 120%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, electric heating resistor exports skyrocketed to $X in 2021. Overall, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 81% of total exports in 2021. It was distantly followed by Vietnam (X units) and South Korea (X units), together achieving a 13% share of total exports. Japan (X units) held a minor share 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%), Japan (+6.4%) and South Korea (+4.3%) displayed positive paces of growth. China (+26 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam, Japan and South Korea saw its share reduced by -3.2%, -3.6% and -8.3% from 2012 to 2021, respectively.

In value terms, China ($X), Japan ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, with a combined 87% share of total exports.

Vietnam, with a CAGR of +18.9%, recorded 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-Pacific stood at $X per unit in 2021, remaining constant against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 when the export price increased by 9%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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 ($X per unit), while China ($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-Pacific

Electric heating resistor imports soared to X units in 2021, with an increase of 18% compared with 2020 figures. The total import volume increased at an average annual rate of +4.9% over the period 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 surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. 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 four major importers of electric heating resistors, namely South Korea, Thailand, Japan and China, represented more than two-thirds of total import. Vietnam (X units) took a 7% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (6.5%). Singapore (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +28.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported electric heating resistors in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was taken by South Korea ($X), with a 17% share of total imports. It was followed by Japan, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +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-Pacific amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2020 an increase of 15%. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

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