ASEAN: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in ASEAN

The ASEAN electric heating resistor market dropped dramatically to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, recorded prominent growth. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Electric Heating Resistor Production in ASEAN

In value terms, electric heating resistor production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports in ASEAN

After three years of growth, shipments abroad of electric heating resistors decreased by X% to X units in 2023. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2022, and then declined in the following year.

In value terms, electric heating resistor exports fell to $X in 2023. Over the period under review, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank in the following year.

Exports by Country

In 2023, Singapore (X units) was the largest exporter of electric heating resistors, generating X% of total exports. It was distantly followed by Vietnam (X units), constituting a X% share of total exports. Thailand (X units) took a relatively small share of total exports.

Singapore was also the fastest-growing in terms of the electric heating resistors exports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%) and Thailand (X%) displayed positive paces of growth. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Vietnam ($X) remains the largest electric heating resistor supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Vietnam stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Electric Heating Resistor Imports

Imports in ASEAN

In 2023, purchases abroad of electric heating resistors decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X units, and then fell sharply in the following year.

In value terms, electric heating resistor imports declined to $X in 2023. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

Singapore was the main importer of electric heating resistors in ASEAN, with the volume of imports recording X units, which was near X% of total imports in 2023. Thailand (X units) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%). The following importers - the Philippines (X units) and Indonesia (X units) - each amounted to an X% share of total imports.

Singapore was also the fastest-growing in terms of the electric heating resistors imports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%), Indonesia (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. From 2012 to 2023, the share of Singapore, the Philippines and Indonesia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric heating resistor importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Singapore ($X), together comprising X% of total imports. Malaysia and the Philippines lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform