Southern Asia: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in Southern Asia

In 2021, the South Asian electric heating resistor market decreased by -9.5% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, posted a buoyant expansion. As a result, consumption attained the peak level of $X, and then declined in the following year.

Electric Heating Resistor Production in Southern Asia

In value terms, electric heating resistor production declined to $X in 2021 estimated in export price. In general, production, however, posted a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by 26%. As a result, production attained the peak level of $X, and then fell in the following year.

Electric Heating Resistor Exports

Exports in Southern Asia

In 2021, approx. X units of electric heating resistors were exported in Southern Asia; growing by 63% against 2020. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor exports surged to $X in 2021. Overall, exports saw prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, recording X units, which was near 94% of total exports in 2021. It was distantly followed by Bangladesh (X units), committing a 5.4% share of total exports.

Exports from India increased at an average annual rate of +7.8% from 2012 to 2021. At the same time, Bangladesh (+45.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +45.4% from 2012-2021. While the share of India (+15 p.p.) and Bangladesh (+5.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest electric heating resistor supplier in Southern Asia, comprising 96% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +13.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, with a decrease of -2.2% against the previous year. Export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric heating resistor export price increased by +54.2% against 2013 indices. The pace of growth was the most pronounced in 2020 an increase of 24%. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Bangladesh totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.6%).

Electric Heating Resistor Imports

Imports in Southern Asia

In 2021, the amount of electric heating resistors imported in Southern Asia surged to X units, picking up by 34% against 2020 figures. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 36%. The volume of import peaked at X units in 2019; afterwards, it flattened through to 2021.

In value terms, electric heating resistor imports soared to $X in 2021. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India was the major importer of electric heating resistors in Southern Asia, with the volume of imports amounting to X units, which was approx. 51% of total imports in 2021. Pakistan (X units) took the second position in the ranking, distantly followed by Bangladesh (X units). All these countries together held near 43% share of total imports. Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +48.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported electric heating resistors in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 12% share of total imports. It was followed by Pakistan, with a 7.3% share.

In India, electric heating resistor imports increased at an average annual rate of +11.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+44.8% per year) and Pakistan (+7.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, picking up by 4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2020 when the import price increased by 24%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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