In 2023, China imported fixed electrical resistors for a power handling capacity exceeding 20 watts valued at approximately 72.1 million USD. The forecast from 2024 to 2028 shows a steady increase in import value, reaching 78.611 million USD by 2028. This represents a year-on-year growth of approximately 1.82% to 1.84% during the period, with a notable compound annual growth rate (CAGR) of around 1.8% for these five years.
Future trends to watch for include:
- Innovation in electronic devices may elevate demand and imports.
- Shifts in manufacturing bases could impact import volumes and values.
- Trade policies and tariffs may influence market dynamics.
- Emerging technologies and energy-efficient solutions could drive additional demand.