U.S.: Resistor Market 2024

Resistor Market Size in the U.S.

The U.S. resistor market stood at $X in 2022, remaining stable against the previous year. Over the period under review, consumption posted a strong expansion. Resistor consumption peaked in 2022 and is expected to retain growth in the immediate term.

Resistor Production in the U.S.

In value terms, resistor production reduced slightly to $X in 2022. Overall, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Resistor Exports

Exports from the U.S.

In 2022, resistor exports from the United States declined modestly to X units, with a decrease of X% compared with the previous year. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, resistor exports rose slightly to $X in 2022. Over the period under review, total exports indicated a prominent expansion 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 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), China (X units) and Singapore (X units) were the main destinations of resistor exports from the United States, with a combined X% share of total exports. Canada, Hong Kong SAR, Malaysia, the UK, France, Japan, Mexico and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, Mexico ($X) remains the key foreign market for electrical resistors (except heating resistors) exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average resistor export price amounted to $X per thousand units, rising by X% against the previous year. In general, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

Resistor Imports

Imports into the U.S.

In 2022, resistor imports into the United States surged to X units, increasing by X% against 2021 figures. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, resistor imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Mexico (X units), China (X units) and Japan (X units) were the main suppliers of resistor imports to the United States, together accounting for X% of total imports. Germany, Taiwan (Chinese), Costa Rica, Israel, the Philippines and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (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 United States were Mexico ($X), China ($X) and Japan ($X), together comprising X% of total imports. Taiwan (Chinese), Israel, Germany, Costa Rica, Greece and the Philippines lagged somewhat behind, together comprising a further X%.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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. Over the period under review, the import price faced a deep slump. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per unit), while the price for Mexico (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 Greece (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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