China's Inductor Market to Experience Modest Growth with +0.7% CAGR Over Next Decade - News and Statistics - IndexBox

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

The inductor market in China is anticipated to see a rise in consumption driven by increasing demand, with a projected CAGR of +0.7% from 2024 to 2035. Market volume is expected to reach 78B units, and market value is forecasted to reach $385.4B by the end of 2035.

Driven by rising demand for inductor 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 +0.7% for the period from 2024 to 2035, which is projected to bring the market volume to 78B units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.7% for the period from 2024 to 2035, which is projected to bring the market value to $385.4B (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 73B units of inductors were consumed in China; flattening at the year before. In general, consumption continues to indicate a noticeable descent. As a result, consumption reached the peak volume of 119B units. From 2019 to 2024, the growth of the consumption remained at a lower figure.

The size of the inductor market in China declined to $358.3B in 2024, almost unchanged from 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). Overall, consumption saw a noticeable downturn. As a result, consumption attained the peak level of $584.6B. From 2019 to 2024, the growth of the market remained at a somewhat lower figure.

In 2017, the amount of inductors produced in China totaled 9.2B units, standing approx. at 2016. The total output volume increased at an average annual rate of +2.9% from 2015 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 4.9%. Inductor production peaked in 2017 and is likely to see steady growth in years to come.

In value terms, inductor production expanded modestly to $1.7B in 2017 estimated in export price. In general, production, however, saw a relatively flat trend pattern. Over the period under review, production hit record highs at $1.7B in 2015; afterwards, it flattened through to 2017.

In 2024, approx. 173B units of inductors were imported into China; increasing by 9.7% on 2023 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 170,904%. Imports peaked at 215B units in 2021; however, from 2022 to 2024, imports remained at a lower figure.

In value terms, inductor imports declined to $2.4B in 2024. Over the period under review, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, imports reached the peak figure at $3.8B in 2013; however, from 2014 to 2024, imports failed to regain momentum.

In 2023, Vietnam (61B units) constituted the largest inductor supplier to China, accounting for a 39% share of total imports. Moreover, inductor imports from Vietnam exceeded the figures recorded by the second-largest supplier, the Philippines (21B units), threefold. The third position in this ranking was held by Malaysia (5.1B units), with a 3.2% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from Vietnam stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+5.8% per year) and Malaysia (-1.0% per year).

In value terms, Japan ($746M) constituted the largest supplier of inductors to China, comprising 31% of total imports. The second position in the ranking was taken by the Philippines ($282M), with a 12% share of total imports. It was followed by Vietnam, with a 10% share.

From 2013 to 2023, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+6.2% per year) and Vietnam (+7.0% per year).

The average inductor import price stood at $15 per thousand units in 2023, dropping by -19.9% against the previous year. In general, the import price saw a pronounced decline. The growth pace was the most rapid in 2015 when the average import price increased by 172,305%. As a result, import price reached the peak level of $37 per unit. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($181 per thousand units), while the price for Vietnam ($4 per thousand units) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

In 2024, overseas shipments of inductors were finally on the rise to reach 101B units after two years of decline. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 23,511% against the previous year. The exports peaked at 110B units in 2021; however, from 2022 to 2024, the exports stood at a somewhat lower figure.

In value terms, inductor exports stood at $3.3B in 2024. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 41%. The exports peaked at $4.2B in 2022; however, from 2023 to 2024, the exports failed to regain momentum.

Hong Kong SAR (17B units), Vietnam (13B units) and South Korea (8.8B units) were the main destinations of inductor exports from China, with a combined 46% share of total exports.

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 +37.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($1.1B) remains the key foreign market for inductors exports from China, comprising 35% of total exports. The second position in the ranking was taken by Japan ($226M), with a 7.3% share of total exports. It was followed by Taiwan (Chinese), with a 5.9% share.

From 2013 to 2023, the average annual growth rate of value to Hong Kong SAR totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-1.8% per year) and Taiwan (Chinese) (+3.3% per year).

In 2023, the average inductor export price amounted to $36 per thousand units, falling by -23.7% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2015 when the average export price increased by 6,394% against the previous year. The export price peaked at $8 per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

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 Japan ($99 per thousand units), while the average price for exports to Brazil ($8.6 per thousand units) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1.3%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the inductor 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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