China: Resistor Market 2024

Resistor Market Size in China

In 2022, the Chinese resistor market decreased by X% to $X, falling for the second year in a row after four years of growth. Overall, consumption recorded a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Resistor Production in China

In value terms, resistor production rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Resistor Exports

Exports from China

In 2022, resistor exports from China soared to X units, jumping by X% against the previous year's figure. Overall, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, resistor exports skyrocketed to $X in 2022. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Thailand (X units) was the main destination for resistor exports from China, with a X% share of total exports. Moreover, resistor exports to Thailand exceeded the volume sent to the second major destination, Singapore (X units), threefold. South Korea (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and South Korea (X% per year).

In value terms, the largest markets for resistor exported from China were Malaysia ($X), South Korea ($X) and Singapore ($X), with a combined X% share of total exports.

Malaysia, with a CAGR of X%, saw the highest growth rate of 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

The average resistor export price stood at $X per thousand units in 2022, with a decrease of X% against the previous year. Over the period under review, export price indicated a pronounced increase 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per thousand units. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per thousand units), while the average price for exports to Thailand ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into China

For the third consecutive year, China recorded growth in purchases abroad of electrical resistors (except heating resistors), which increased by X% to X units in 2022. Overall, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, resistor imports surged to $X in 2022. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of resistor to China, accounting for a X% share of total imports. Moreover, resistor imports from Japan exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. The third position in this ranking was held by the Philippines (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the Philippines (X% per year).

In value terms, Japan ($X) constituted the largest supplier of electrical resistors (except heating resistors) to China, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average resistor import price amounted to $X per thousand units, shrinking by X% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per thousand units in 2021, and then declined significantly in the following year.

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

Source: IndexBox Platform

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