Fixed Carbon Resistor Market

The global fixed carbon resistor market is facing challenges with a shrinking demand leading to decreased consumption. The market is forecasted to contract in volume by -0.5% and increase in value by +1.7% from 2022 to 2030. In 2022, consumption increased by 8.2% but overall has seen a noticeable slump since 2012. The highest levels of consumption were in Mexico, China, and the United States. Production decreased by -0.5% in 2022 after four years of decline. China, the United States, and India led in production volumes. Imports and exports showed fluctuations, with Mexico and China being key importers, and China and Hong Kong SAR taking the lead in exports. Import and export prices varied by country, indicating growth in some regions and decline in others.

Market Forecast

Depressed by shrinking demand for fixed carbon resistor worldwide, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -0.5% for the period from 2022 to 2030, which is projected to depress the market volume to 1,091B units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market value to $73.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Fixed Carbon Resistors, Composition Or Film Types And Electrical Variable Resistors

In 2022, consumption of fixed carbon resistors, composition or film types and electrical variable resistors increased by 8.2% to 1,140B units, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a noticeable slump. Over the period under review, global consumption hit record highs at 1,524B units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global fixed carbon resistor market value expanded sharply to $64.5B in 2022, with an increase of 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a perceptible curtailment. Global consumption peaked at $98.5B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Mexico (237B units), China (237B units) and the United States (172B units), with a combined 57% share of global consumption. India, Pakistan, Spain, Japan, the UK and Indonesia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Spain (with a CAGR of +5.6%), while consumption for the other global leaders experienced mixed trends in the consumption figures.

In value terms, the United States ($38.8B) led the market, alone. The second position in the ranking was taken by Japan ($5.2B). It was followed by China.

In the United States, the fixed carbon resistor market plunged by an average annual rate of -2.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Japan (-10.8% per year) and China (-0.9% per year).

In 2022, the highest levels of fixed carbon resistor per capita consumption was registered in Mexico (1,801 units per person), followed by Spain (860 units per person), the United States (513 units per person) and the UK (352 units per person), while the world average per capita consumption of fixed carbon resistor was estimated at 145 units per person.

In Mexico, fixed carbon resistor per capita consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Spain (+5.4% per year) and the United States (-2.9% per year).

Production

World Production of Fixed Carbon Resistors, Composition Or Film Types And Electrical Variable Resistors

In 2022, production of fixed carbon resistors, composition or film types and electrical variable resistors decreased by -0.5% to 881B units, falling for the fourth consecutive year after two years of growth. Overall, production continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2018 when the production volume increased by 17% against the previous year. Global production peaked at 1,257B units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, fixed carbon resistor production reached $66.3B in 2022 estimated in export price. In general, production continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17% against the previous year. Global production peaked at $105.4B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (280B units), the United States (170B units) and India (94B units), with a combined 62% share of global production. Japan, Pakistan, Malaysia, Thailand, Indonesia and the UK lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +1.7%), while production for the other global leaders experienced a decline in the production figures.

Imports

World Imports of Fixed Carbon Resistors, Composition Or Film Types And Electrical Variable Resistors

For the third consecutive year, the global market recorded growth in purchases abroad of fixed carbon resistors, composition or film types and electrical variable resistors, which increased by 9.4% to 462B units in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. Over the period under review, global imports hit record highs at 495B units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, fixed carbon resistor imports contracted to $5.5B in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 27%. Global imports peaked at $5.9B in 2021, and then dropped in the following year.

Imports By Country

Mexico was the key importer of fixed carbon resistors, composition or film types and electrical variable resistors in the world, with the volume of imports amounting to 230B units, which was near 50% of total imports in 2022. Spain (44B units) held the second position in the ranking, followed by China (40B units) and Hong Kong SAR (25B units). All these countries together held near 24% share of total imports. The UK (13B units), France (11B units) and Singapore (7.7B units) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of fixed carbon resistors, composition or film types and electrical variable resistors. At the same time, Spain (+36.6%), China (+12.8%), the UK (+6.7%) and France (+1.1%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +36.6% from 2012-2022. By contrast, Hong Kong SAR (-4.2%) and Singapore (-10.5%) illustrated a downward trend over the same period. Spain (+9.1 p.p.), China (+6.1 p.p.) and Mexico (+3.4 p.p.) significantly strengthened its position in terms of the global imports, while Hong Kong SAR and Singapore saw its share reduced by -2.7% and -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1.4B), Hong Kong SAR ($770M) and Mexico ($298M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 44% of global imports. Singapore, France, the UK and Spain lagged somewhat behind, together comprising a further 8.1%.

Spain, with a CAGR of +17.1%, saw 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 global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average fixed carbon resistor import price amounted to $12 per thousand units, declining by -14.2% against the previous year. In general, the import price, however, posted a notable expansion. The pace of growth was the most pronounced in 2014 an increase of 109%. Over the period under review, average import prices hit record highs at $23 per thousand units in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($34 per thousand units), while Mexico ($1.3 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Fixed Carbon Resistors, Composition Or Film Types And Electrical Variable Resistors

In 2022, after two years of growth, there was significant decline in shipments abroad of fixed carbon resistors, composition or film types and electrical variable resistors, when their volume decreased by -19.9% to 203B units. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of 254B units, and then reduced dramatically in the following year.

In value terms, fixed carbon resistor exports totaled $6.4B in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +64.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports By Country

China was the key exporting country with an export of around 83B units, which amounted to 41% of total exports. Hong Kong SAR (24B units) held the second position in the ranking, followed by Malaysia (21B units), Thailand (18B units) and Singapore (11B units). All these countries together held near 36% share of total exports. The Philippines (7.2B units), Indonesia (5.2B units), Spain (3.9B units), France (3.8B units) and South Korea (3.3B units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +9.1% from 2012 to 2022. At the same time, the Philippines (+75.4%), Spain (+12.0%), South Korea (+6.2%), France (+6.0%) and Thailand (+4.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +75.4% from 2012-2022. Malaysia experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-3.0%), Singapore (-3.1%) and Indonesia (-4.2%) illustrated a downward trend over the same period. China (+24 p.p.), the Philippines (+3.5 p.p.) and Thailand (+3.1 p.p.) significantly strengthened its position in terms of the global exports, while Singapore and Hong Kong SAR saw its share reduced by -1.8% and -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($2.5B) remains the largest fixed carbon resistor supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by Hong Kong SAR ($756M), with a 12% share of global exports. It was followed by Singapore, with a 3.6% share.

In China, fixed carbon resistor exports increased at an average annual rate of +13.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (+4.3% per year) and Singapore (+5.3% per year).

Export Prices By Country

In 2022, the average fixed carbon resistor export price amounted to $32 per thousand units, rising by 33% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($32 per thousand units), while Malaysia ($4.4 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform