Singapore: Resistor Market 2024

Resistor Market Size in Singapore

The Singaporean resistor market shrank rapidly to $X in 2022, waning by X% against the previous year. In general, consumption, however, enjoyed prominent growth. Resistor consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Resistor Production in Singapore

In value terms, resistor production reduced sharply to $X in 2022 estimated in export price. In general, production recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Resistor Exports

Exports from Singapore

For the third consecutive year, Singapore recorded growth in shipments abroad of electrical resistors (except heating resistors), which increased by X% to X units in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, resistor exports expanded rapidly to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for resistor exports from Singapore, with a X% share of total exports. Moreover, resistor exports to Germany exceeded the volume sent to the second major destination, Hong Kong SAR (X units), fourfold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and China (X% per year).

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

Among the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest rates of growth with regard to 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 thousand units, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per thousand units in 2013; however, from 2014 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 Malaysia ($X per thousand units), while the average price for exports to Germany ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into Singapore

After two years of growth, supplies from abroad of electrical resistors (except heating resistors) decreased by X% to X units in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, resistor imports declined modestly to $X in 2022. Overall, total imports indicated a prominent increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, Indonesia (X units) constituted the largest supplier of resistor to Singapore, with a X% share of total imports. Moreover, resistor imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Malaysia (X units), with an X% share.

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

In value terms, the largest resistor suppliers to Singapore were Indonesia ($X), China ($X) and Malaysia ($X), with a combined X% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 $X per thousand units, surging by X% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per thousand units in 2013; however, from 2014 to 2022, 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 Japan ($X per thousand units), while the price for Indonesia ($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 Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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