Eastern Asia: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Eastern Asia

For the tenth year in a row, the East Asian electric heating resistor market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption recorded buoyant growth. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Electric Heating Resistor Production in Eastern Asia

In value terms, electric heating resistor production reached $X in 2023 estimated in export price. In general, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Electric Heating Resistor Exports

Exports in Eastern Asia

In 2023, the amount of electric heating resistors exported in Eastern Asia rose notably to X units, growing by X% compared with the previous year. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, electric heating resistor exports reduced to $X in 2023. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X units, which was near X% of total exports in 2023. Japan (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. While the share of China (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric heating resistor supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, electric heating resistor exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the export price showed a mild shrinkage. The growth pace was the most rapid in 2015 an increase of X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Electric Heating Resistor Imports

Imports in Eastern Asia

In 2023, overseas purchases of electric heating resistors decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, electric heating resistor imports contracted to $X in 2023. Total imports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then dropped in the following year.

Imports by Country

China represented the largest importer of electric heating resistors in Eastern Asia, with the volume of imports recording X units, which was near X% of total imports in 2023. It was distantly followed by Taiwan (Chinese) (X units), comprising a X% share of total imports. Japan (X units) took a little share of total imports.

Imports into China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. While the share of Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electric heating resistors in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Import price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, electric heating resistor import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

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 Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform