Vietnam: Resistor Market 2024

Resistor Market Size in Vietnam

For the third consecutive year, the Vietnamese resistor market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a buoyant increase. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Resistor Production in Vietnam

In value terms, resistor production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Resistor production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Resistor Exports

Exports from Vietnam

In 2022, exports of electrical resistors (except heating resistors) from Vietnam soared to X units, growing by X% on the previous year. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, resistor exports surged to $X in 2022. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Japan (X units) was the main destination for resistor exports from Vietnam, with a X% share of total exports. Moreover, resistor exports to Japan exceeded the volume sent to the second major destination, South Korea (X units), threefold. 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 Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

In value terms, the largest markets for resistor exported from Vietnam were Japan ($X), China ($X) and South Korea ($X), together accounting for X% of total exports.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average resistor export price stood at $X per thousand units in 2022, dropping by X% against the previous year. In general, export price indicated a mild expansion 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per thousand units in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per thousand units), while the average price for exports to Japan ($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 China (X%), while the prices for the other major destinations experienced a decline.

Resistor Imports

Imports into Vietnam

In 2022, approx. X units of electrical resistors (except heating resistors) were imported into Vietnam; increasing by X% against 2021. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, resistor imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of resistor to Vietnam, with a X% share of total imports. Moreover, resistor imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical resistors (except heating resistors) to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average resistor import price amounted to $X per thousand units, waning by X% against the previous year. In general, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked at $X per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per thousand units), while the price for Taiwan (Chinese) ($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 Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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