Global Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size

In 2021, the global electric heating resistor market decreased by -9.3% to $X for the first time since 2015, thus ending a five-year rising trend. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.9% against 2015 indices. Over the period under review, the global market hit record highs at $X in 2020, and then fell in the following year.

Electric Heating Resistor Production

In value terms, electric heating resistor production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 +65.3% against 2015 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Global production peaked at $X in 2020, and then dropped in the following year.

Electric Heating Resistor Exports

Exports

For the fifth consecutive year, the global market recorded growth in shipments abroad of electric heating resistors, which increased by 33% to X units in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.5% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor exports soared to $X in 2021. Overall, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 +81.9% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X units) was the main exporter of electric heating resistors, mixing up 31% of total exports. Mexico (X units) ranks second in terms of the total exports with a 13% share, followed by Poland (8%), Romania (7.4%), Turkey (5%) and Italy (4.9%). Spain (X units), Germany (X units), Vietnam (X units), Sweden (X units), Serbia (X units), South Korea (X units) and the United States (X units) held a relatively small 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, Serbia (+15.6%), Poland (+14.6%), Vietnam (+12.8%), Turkey (+8.5%), South Korea (+4.3%), Mexico (+3.8%), Spain (+3.8%), Sweden (+2.7%), Germany (+2.2%) and Romania (+1.4%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, the United States (-8.5%) illustrated a downward trend over the same period. While the share of China (+22 p.p.) and Poland (+3.9 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Mexico (-3.4 p.p.), Romania (-4.1 p.p.), Italy (-4.2 p.p.) and the United States (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric heating resistor supplying countries worldwide were China ($X), Germany ($X) and the United States ($X), together accounting for 37% of global exports. Mexico, Vietnam, Italy, Poland, Romania, South Korea, Spain, Serbia, Sweden and Turkey lagged somewhat behind, together accounting for a further 35%.

In terms of the main exporting countries, Vietnam, with a CAGR of +18.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, which is down by -8.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 25%. The global export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Turkey ($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 (+15.2%), while the other global leaders experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports

In 2021, overseas purchases of electric heating resistors increased by 24% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 countries with the highest levels of electric heating resistor imports in 2021 were Russia (X units), Italy (X units), Germany (X units), Turkey (X units), Mexico (X units), the United States (X units), South Korea (X units), Poland (X units), Thailand (X units), Japan (X units), China (X units) and France (X units), together accounting for 63% of total import. Spain (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +18.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, with a combined 33% share of global imports. Mexico, South Korea, Japan, Italy, Russia, Turkey, Poland, France, Thailand and Spain lagged somewhat behind, together comprising a further 34%.

South Korea, with a CAGR of +9.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric heating resistor import price amounted to $X per unit, reducing by -2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2013 when the average import price increased by 9.2% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then declined in the following year.

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 ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+15.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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