China's Capacitor Market to Witness Slight Growth with +0.8% CAGR in Volume and +1.7% CAGR in Value by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: China - Electrical Capacitors - Market Analysis, Forecast, Size, Trends And Insights.

Driven by increasing demand in China, the capacitor market is expected to see steady growth in both volume and value over the next decade. With a projected CAGR of +0.8% in volume and +1.7% in value from 2024 to 2035, the market is forecasted to reach 3B units and $162.6B by the end of 2035.

Driven by rising demand for capacitor in China, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.8% for the period from 2024 to 2035, which is projected to bring the market volume to 3B units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market value to $162.6B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 2.7B units of electrical capacitors were consumed in China; leveling off at 2023 figures. In general, consumption, however, showed a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3%. Capacitor consumption peaked at 3.4B units in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The revenue of the capacitor market in China reduced modestly to $134.5B in 2024, which is down by -2.2% 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). Over the period under review, consumption, however, saw a perceptible decline. Over the period under review, the market attained the peak level at $206.7B in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

In 2024, approx. 2.8B units of electrical capacitors were produced in China; therefore, remained relatively stable against the previous year. Over the period under review, production saw a slight curtailment. The pace of growth was the most pronounced in 2021 when the production volume increased by 3.7%. Over the period under review, production reached the peak volume at 3.4B units in 2013; however, from 2014 to 2024, production remained at a lower figure.

In value terms, capacitor production shrank slightly to $136.1B in 2024 estimated in export price. In general, production recorded a pronounced decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by 17%. Over the period under review, production reached the peak level at $221.4B in 2013; however, from 2014 to 2024, production remained at a lower figure.

In 2024, overseas purchases of electrical capacitors were finally on the rise to reach 84M units for the first time since 2021, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 35% against the previous year. As a result, imports attained the peak of 104M units. From 2017 to 2024, the growth of imports failed to regain momentum.

In value terms, capacitor imports contracted to $8.9B in 2024. Overall, imports, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2018 with an increase of 47%. Imports peaked at $13.4B in 2021; however, from 2022 to 2024, imports failed to regain momentum.

Indonesia (9.3M units), Japan (9M units) and Taiwan (Chinese) (3.1M units) were the main suppliers of capacitor imports to China, with a combined 33% share of total imports. The Czech Republic, Thailand, Malaysia, India, South Korea, Hong Kong SAR, Germany and the Philippines lagged somewhat behind, together accounting for a further 22%.

From 2013 to 2023, the biggest increases were recorded for India (with a CAGR of +10.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($3.3B) constituted the largest supplier of electrical capacitors to China, comprising 37% of total imports. The second position in the ranking was held by the Philippines ($967M), with an 11% share of total imports. It was followed by South Korea, with an 8.8% share.

From 2013 to 2023, the average annual growth rate of value from Japan totaled -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+5.0% per year) and South Korea (-5.7% per year).

Variable capacitors (28M units), electrical capacitors; fixed, aluminium electrolytic (25M units) and electrical capacitors; fixed, ceramic dielectric, multilayer (13M units) were the main products of capacitor imports to China, with a combined 78% share of total imports.

From 2013 to 2024, the biggest increases were recorded for variable capacitors (with a CAGR of +52.5%), while purchases for the other products experienced mixed trend patterns.

In value terms, electrical capacitors; fixed, ceramic dielectric, multilayer ($6.4B) constituted the largest type of electrical capacitors supplied to China, comprising 72% of total imports. The second position in the ranking was taken by electrical capacitors; fixed, aluminium electrolytic ($1.2B), with a 14% share of total imports. It was followed by electrical capacitors; fixed, tantalum, with a 7.8% share.

From 2013 to 2024, the average annual rate of growth in terms of the value of electrical capacitors; fixed, ceramic dielectric, multilayer imports stood at -1.3%. With regard to the other supplied products, the following average annual rates of growth were recorded: electrical capacitors; fixed, aluminium electrolytic (-3.4% per year) and electrical capacitors; fixed, tantalum (-2.8% per year).

The average capacitor import price stood at $106 per unit in 2024, reducing by -23.7% against the previous year. Overall, the import price showed a mild curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the peak figure at $160 per unit in 2020; however, from 2021 to 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplied products. In 2024, the product with the highest price was electrical capacitors; fixed, tantalum ($1 thousand per unit), while the price for variable capacitors ($2.2 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by electrical capacitors; fixed, ceramic dielectric, multilayer (+2.8%), while the prices for the other products experienced more modest paces of growth.

The average capacitor import price stood at $139 per unit in 2023, with an increase of 8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44%. The import price peaked at $160 per unit in 2020; however, from 2021 to 2023, 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 the Philippines ($8.9 thousand per unit), while the price for the Czech Republic ($14 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Capacitor exports from China stood at 139M units in 2024, increasing by 4.7% on 2023. Over the period under review, total exports indicated a notable increase from 2013 to 2024: its volume increased at an average annual rate of +3.6% 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 2017 when exports increased by 81%. The exports peaked in 2024 and are expected to retain growth in years to come.

In value terms, capacitor exports reduced slightly to $5.6B in 2024. In general, exports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of 42% against the previous year. The exports peaked at $7.8B in 2021; however, from 2022 to 2024, the exports stood at a somewhat lower figure.

India (34M units), Hong Kong SAR (33M units) and South Korea (15M units) were the main destinations of capacitor exports from China, with a combined 62% share of total exports. Vietnam, Malaysia, Singapore, Turkey, Taiwan (Chinese), the United States, Germany and Iran lagged somewhat behind, together comprising a further 27%.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +21.3%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($2B) remains the key foreign market for electrical capacitors exports from China, comprising 35% of total exports. The second position in the ranking was held by South Korea ($645M), with an 11% share of total exports. It was followed by Vietnam, with a 9.4% share.

From 2013 to 2023, the average annual growth rate of value to Hong Kong SAR stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+7.7% per year) and Vietnam (+31.2% per year).

Electrical capacitors; fixed, dielectric of paper or plastics (58M units), electrical capacitors; fixed, aluminium electrolytic (43M units) and electrical capacitors; fixed, ceramic dielectric, multilayer (11M units) were the main products of capacitor exports from China, with a combined 81% share of total exports. Electrical capacitors; fixed, tantalum, electrical capacitors; fixed, designed for use in 50/60 hz circuits and having a reactive power handling capacity of not less than 0.5 kVAr (power capacitors), electrical capacitors; fixed, ceramic dielectric, single layer, electrical capacitors; fixed, n.e.s. in heading no. 8532 and variable capacitors lagged somewhat behind, together comprising a further 19%.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by electrical capacitors; fixed, tantalum (with a CAGR of +23.2%), while the other products experienced more modest paces of growth.

In value terms, electrical capacitors; fixed, ceramic dielectric, multilayer ($3.3B) remains the largest type of electrical capacitors exported from China, comprising 58% of total exports. The second position in the ranking was held by electrical capacitors; fixed, aluminium electrolytic ($1.1B), with a 19% share of total exports. It was followed by electrical capacitors; fixed, dielectric of paper or plastics, with a 13% share.

From 2013 to 2024, the average annual rate of growth in terms of the value of electrical capacitors; fixed, ceramic dielectric, multilayer exports stood at -3.3%. With regard to the other exported products, the following average annual rates of growth were recorded: electrical capacitors; fixed, aluminium electrolytic (-0.9% per year) and electrical capacitors; fixed, dielectric of paper or plastics (+4.0% per year).

In 2024, the average capacitor export price amounted to $41 per unit, reducing by -6.6% against the previous year. In general, the export price recorded a deep contraction. The growth pace was the most rapid in 2020 when the average export price increased by 37%. The export price peaked at $83 per unit in 2015; however, from 2016 to 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major types of exported product. In 2024, the product with the highest price was electrical capacitors; fixed, ceramic dielectric, multilayer ($308 per unit), while the average price for exports of electrical capacitors; fixed, dielectric of paper or plastics ($12 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: electrical capacitors; fixed, designed for use in 50/60 hz circuits and having a reactive power handling capacity of not less than 0.5 kVAr (power capacitors) (+2.1%), while the prices for the other products experienced more modest paces of growth.

The average capacitor export price stood at $44 per unit in 2023, waning by -3% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 37%. The export price peaked at $83 per unit in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($138 per unit), while the average price for exports to Turkey ($9.5 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the capacitor market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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A Quick Overview of Market Performance

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Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles