Philippines: Resistor Market 2024

Resistor Market Size in the Philippines

The Philippine resistor market reached $X in 2022, approximately mirroring the previous year. Over the period under review, consumption enjoyed a strong expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Resistor Production in the Philippines

In value terms, resistor production amounted to $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Resistor production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Resistor Exports

Exports from the Philippines

In 2022, approx. X units of electrical resistors (except heating resistors) were exported from the Philippines; picking up by X% against the year before. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, resistor exports declined to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Japan (X units), the United States (X units) and Vietnam (X units) were the main destinations of resistor exports from the Philippines, together comprising X% of total exports.

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

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest markets for resistor exported from the Philippines worldwide, with a combined X% share of total exports. South Korea, Vietnam, Ireland, Hong Kong SAR and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, saw 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 resistor export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Malaysia ($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 Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into the Philippines

In 2022, after seven years of growth, there was significant decline in supplies from abroad of electrical resistors (except heating resistors), when their volume decreased by X% to X units. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, resistor imports reduced markedly to $X in 2022. Overall, imports, however, posted a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

Japan (X units), Hong Kong SAR (X units) and Singapore (X units) were the main suppliers of resistor imports to the Philippines, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest resistor suppliers to the Philippines were Japan ($X), Singapore ($X) and China ($X), with a combined X% share of total imports. Hong Kong SAR, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average resistor import price amounted to less than $X per unit, with a decrease of X% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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 China (less than $X per unit), while the price for Hong Kong SAR (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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