China: Inductor Market 2025

Inductor Market Size in China

The Chinese inductor market rose remarkably to $X in 2022, growing by 10% against the previous year. In general, consumption saw buoyant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Inductor Production in China

In value terms, inductor production expanded to $X in 2022 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by 34% against the previous year. Inductor production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Inductor Exports

Exports from China

In 2022, overseas shipments of inductors increased by 210% to X units, rising for the seventh year in a row after two years of decline. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, inductor exports rose rapidly to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 42%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

South Korea (X units), Japan (X units) and Thailand (X units) were the main destinations of inductor exports from China, together comprising 2.3% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +19.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inductor exported from China were Japan ($X), South Korea ($X) and the United States ($X), together accounting for 17% of total exports. Vietnam, Germany, India, Thailand, Mexico, Malaysia, Singapore, Italy, the Philippines and Brazil lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Vietnam, with a CAGR of +24.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average inductor export price amounted to $X per unit, falling by -65.3% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Inductor Imports

Imports into China

After two years of growth, overseas purchases of inductors decreased by -4.5% to X units in 2022. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by 15%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, inductor imports soared to $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.2% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Philippines (X units), Japan (X units) and South Korea (X units) were the main suppliers of inductor imports to China, with a combined 24% share of total imports. Vietnam, India, Mexico, Malaysia and Indonesia lagged somewhat behind, together comprising a further 5.1%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +10.5%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of inductors to China, comprising 29% of total imports. The second position in the ranking was held by the Philippines ($X), with an 11% share of total imports. It was followed by Vietnam, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+10.4% per year) and Vietnam (+12.8% per year).

Import Prices by Country

In 2022, the average inductor import price amounted to $X per unit, jumping by 23% against the previous year. Over the period under review, the import price showed a buoyant expansion. The growth pace was the most rapid in 2019 when the average import price increased by 263%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 Vietnam ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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