Turkey: Resistor Market 2024

Resistor Market Size in Turkey

In 2022, the Turkish resistor market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Resistor Production in Turkey

In value terms, resistor production declined notably to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic decrease. Over the period under review, production attained the peak level at $X in 2021, and then declined sharply in the following year.

Resistor Exports

Exports from Turkey

In 2022, shipments abroad of electrical resistors (except heating resistors) increased by X% to X units, rising for the sixth consecutive year after two years of decline. In general, total exports indicated a noticeable increase 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 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, resistor exports reduced modestly to $X in 2022. Over the period under review, total exports indicated a resilient 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, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Iraq (X units), Russia (X units) and the United Arab Emirates (X units) were the main destinations of resistor exports from Turkey, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iraq ($X) and Russia ($X) appeared to be the largest markets for resistor exported from Turkey worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United Arab Emirates, 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, declining by X% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per thousand units in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per thousand units), while the average price for exports to Poland ($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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Resistor Imports

Imports into Turkey

In 2022, purchases abroad of electrical resistors (except heating resistors) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a perceptible increase 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. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, resistor imports contracted to $X in 2022. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest resistor supplier to Turkey, accounting for a X% share of total imports. Moreover, resistor imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), eightfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical resistors (except heating resistors) to Turkey, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Germany (X% per year).

Import Prices by Country

The average resistor import price stood at $X per thousand units in 2022, jumping by X% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price 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, resistor import price increased by X% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per thousand units), while the price for Taiwan (Chinese) ($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 China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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