HS Code:
The Wirewound category, typically classified under HS Code 8533.29 (which includes wirewound variable resistors, including rheostats and potentiometers), encompasses electrical components used for controlling current and voltage in various electronic devices. These components are critical in industries such as automotive, telecommunications, industrial machinery, and consumer electronics due to their precision and durability. Wirewound resistors are known for their high power handling capabilities and are often used in applications requiring high accuracy and stability under varying environmental conditions.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 400 million
33.3% of total trade of total trade
Increasing
USD 250 million
20.8% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 120 million
10.0% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like USMCA and EU-Japan EPA)
Growing demand in automotive electronics
Increased production of wirewound resistors for electric vehicles (EVs) and advanced driver-assistance systems (ADAS), driving market growth by 8% annually.
2022
Shift towards miniaturization
Manufacturers are developing smaller, high-performance wirewound components to meet the needs of compact consumer electronics, influencing design and production costs.
2021
Rising raw material costs
Fluctuations in the price of copper and other metals used in wirewound resistors have led to a 5-10% increase in production costs, affecting profit margins.
2022
Additional tariffs imposed by the US on Chinese electronic components, including wirewound resistors, under Section 301 have increased costs for US importers.
Mid-2022
Shift in supply chains with some companies relocating production to Vietnam and Taiwan to avoid tariffs.
New EU regulations under the Green Deal require stricter environmental compliance for electronic components, including wirewound resistors, focusing on sustainable materials.
January 2023
Increased production costs for manufacturers exporting to the EU, but also opportunities for companies with eco-friendly innovations.
Leading manufacturers in Japan and Germany have introduced next-generation wirewound resistors with improved thermal management for high-power applications.
Late 2022
Enhanced product reliability is expected to boost demand in industrial and renewable energy sectors.