U.S.: Variable Capacitor Market 2024

Variable Capacitor Market Size in the U.S.

In 2022, the U.S. variable capacitor market decreased by -36.9% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption, however, recorded a significant expansion. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Variable Capacitor Exports

Exports from the U.S.

In 2022, approx. X units of variable capacitors were exported from the United States; picking up by 58% on the previous year. Over the period under review, exports, however, recorded a abrupt setback. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, variable capacitor exports shrank to $X in 2022. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of 91%. As a result, the exports attained the peak of $X, and then shrank slightly in the following year.

Exports by Country

Mexico (X units) was the main destination for variable capacitor exports from the United States, with a 89% share of total exports. It was followed by China (X units), with a 2.8% share of total exports. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 1.1% share.

From 2020 to 2022, the average annual growth rate of volume to Mexico totaled +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26.5% per year) and Taiwan (Chinese) (-82.5% per year).

In value terms, Mexico ($X) remains the key foreign market for variable capacitors exports from the United States, comprising 77% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.4% share of total exports. It was followed by China, with a 3% share.

From 2020 to 2022, the average annual rate of growth in terms of value to Mexico totaled +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-5.7% per year) and China (+60.1% per year).

Export Prices by Country

In 2022, the average variable capacitor export price amounted to $X per unit, falling by -38.8% against the previous year. Over the period under review, the export price, however, showed significant growth. The pace of growth was the most pronounced in 2021 an increase of 294% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+26,111.7%), while the prices for the other major destinations experienced more modest paces of growth.

Variable Capacitor Imports

Imports into the U.S.

In 2022, purchases abroad of variable capacitors decreased by -48.9% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 96%. As a result, imports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, variable capacitor imports shrank modestly to $X in 2022. Overall, imports, however, recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of 54% against the previous year. Imports peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Japan (X units) constituted the largest variable capacitor supplier to the United States, accounting for a 59% share of total imports. Moreover, variable capacitor imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The Dominican Republic (X units) ranked third in terms of total imports with a 7.7% share.

From 2020 to 2022, the average annual growth rate of volume from Japan totaled +64.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+69.8% per year) and the Dominican Republic (+7.2% per year).

In value terms, Switzerland ($X) constituted the largest supplier of variable capacitors to the United States, comprising 55% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by the Dominican Republic, with a 12% share.

From 2020 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+51.8% per year) and the Dominican Republic (+18.8% per year).

Import Prices by Country

In 2022, the average variable capacitor import price amounted to $X per unit, rising by 90% against the previous year. Overall, import price indicated prominent growth from 2020 to 2022: its price increased at an average annual rate of +12.0% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+286.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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