Singapore: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in Singapore

The Singaporean electric heating resistor market skyrocketed to $X in 2021, increasing by 58% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +117.5% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electric Heating Resistor Production in Singapore

In value terms, electric heating resistor production shrank rapidly to $X in 2021 estimated in export price. Overall, production, however, posted measured growth. Over the period under review, production reached the maximum level at $X in 2020, and then fell dramatically in the following year.

Electric Heating Resistor Exports

Exports from Singapore

In 2021, approx. X units of electric heating resistors were exported from Singapore; with an increase of 1.6% against 2020 figures. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 73% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electric heating resistor exports amounted to $X in 2021. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 65%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

China (X units) was the main destination for electric heating resistor exports from Singapore, accounting for a 29% share of total exports. Moreover, electric heating resistor exports to China exceeded the volume sent to the second major destination, Malaysia (X units), threefold. South Korea (X units) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-2.6% per year) and South Korea (+60.8% per year).

In value terms, China ($X) remains the key foreign market for electric heating resistors exports from Singapore, comprising 29% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+0.5% per year) and South Korea (+66.0% per year).

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, increasing by 7.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The pace of growth was the most pronounced in 2020 an increase of 13% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to South Korea ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Singapore

In 2021, approx. X units of electric heating resistors were imported into Singapore; growing by 62% on the year before. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% 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.

In value terms, electric heating resistor imports soared to $X in 2021. Overall, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and France (X units) were the main suppliers of electric heating resistor imports to Singapore, together accounting for 80% of total imports. These countries were followed by the Czech Republic, Switzerland, Mexico, Japan and Germany, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +80.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of electric heating resistors to Singapore, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by France, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.1% per year) and France (+29.8% per year).

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2021, falling by -12.9% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric heating resistor import price increased by +30.9% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 40%. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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