China: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in China

In 2021, the Chinese electric heating resistor market decreased by -12.5% to $X, falling for the second year in a row after six years of growth. Over the period under review, consumption, however, saw a mild increase. Electric heating resistor consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Electric Heating Resistor Production in China

In value terms, electric heating resistor production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.6% against 2019 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 17% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports from China

In 2021, overseas shipments of electric heating resistors increased by 32% to X units, rising for the sixth year in a row after two years of decline. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 235%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, electric heating resistor exports surged to $X in 2021. Over the period under review, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X units), the United States (X units) and South Korea (X units) were the main destinations of electric heating resistor exports from China, together accounting for 24% of total exports. Russia, Malaysia, Thailand, Vietnam, India, the United Arab Emirates, Turkey, Indonesia, the Philippines and Singapore lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +56.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric heating resistor exported from China were Japan ($X), the United States ($X) and South Korea ($X), together comprising 38% of total exports. These countries were followed by Russia, Malaysia, Thailand, Vietnam, India, the Philippines, Turkey, Singapore, Indonesia and the United Arab Emirates, which together accounted for a further 32%.

The Philippines, with a CAGR of +49.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electric heating resistor export price amounted to $X per unit, with an increase of 6.5% against the previous year. In general, the export price, however, showed a abrupt downturn. The growth pace was the most rapid in 2013 an increase of 9.3%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.8%), while the prices for the other major destinations experienced a decline.

Electric Heating Resistor Imports

Imports into China

In 2021, supplies from abroad of electric heating resistors decreased by -9.3% to X units, falling for the third year in a row after three years of growth. Over the period under review, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2018 when imports increased by 27%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, electric heating resistor imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

South Korea (X units), Japan (X units) and Germany (X units) were the main suppliers of electric heating resistor imports to China, together comprising 54% of total imports. These countries were followed by Italy, the UK, the United States, Switzerland, Vietnam, Singapore, Poland, France, Thailand and Canada, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +13.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric heating resistor suppliers to China were Japan ($X), the United States ($X) and South Korea ($X), with a combined 53% share of total imports. These countries were followed by Germany, Vietnam, Switzerland, Singapore, Poland, France, Italy, the UK, Thailand and Canada, which together accounted for a further 36%.

Singapore, with a CAGR of +28.3%, saw 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 electric heating resistor import price stood at $X per unit in 2021, surging by 36% against the previous year. In general, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 89% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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