Canada - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Heating Equipment Price in Canada Stands at $26.5 per Unit
Canada Electric Heating Equipment Import Price in September 2022
In September 2022, the electric heating equipment price stood at $26.5 per unit (CIF, Canada), almost unchanged from the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2022 an increase of 2.7% against the previous month. The import price peaked at $26.6 per unit in August 2022, and then fell modestly in the following month.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was China ($26.7 per unit), while the price for Mexico ($25.9 per unit) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.
Canada Electric Heating Equipment Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In September 2022, the product with the highest price was electric storage heating radiators ($90.1 per unit), while the price for electric radiators and convection heaters stood at $25.8 per unit.
Canada Electric Heating Equipment Imports
For the fourth consecutive month, Canada recorded growth in purchases abroad of electric space heating apparatus and soil heating apparatus, which increased by 34% to 1.3M units in September 2022. Overall, imports saw a strong increase. The pace of growth appeared the most rapid in June 2022 with an increase of 52% m-o-m. Imports peaked in September 2022.
In value terms, electric heating equipment imports skyrocketed to $35M (IndexBox estimates) in September 2022. Over the period under review, imports enjoyed a prominent expansion. The growth pace was the most rapid in June 2022 when imports increased by 52% against the previous month. Over the period under review, imports hit record highs in September 2022.
Canada Electric Heating Equipment Imports by Type
In September 2022, electric radiators and convection heaters (1.3M units) was the main type of electric heating equipment supplied to Canada, accounting for a 99% share of total imports. It was followed by electric storage heating radiators (13K units), with a 1% share of total imports.
From January 2022 to September 2022, the average monthly growth rate of the volume of import of electric radiators and convection heaters amounted to +11.8%.
In value terms, electric radiators and convection heaters ($33M) constituted the largest type of electric heating equipment supplied to Canada, comprising 97% of total imports. The second position in the ranking was taken by electric storage heating radiators ($1.2M), with a 3.3% share of total imports.
Canada Electric Heating Equipment Imports by Country
In September 2022, China (976K units) constituted the largest electric heating equipment supplier to Canada, with a 75% share of total imports. Moreover, electric heating equipment imports from China exceeded the figures recorded by the second-largest supplier, the United States (199K units), fivefold.
From January 2022 to September 2022, the average monthly rate of growth in terms of volume from China totaled +12.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+15.7% per month) and Mexico (+40.4% per month).
In value terms, China ($26M) constituted the largest supplier of electric heating equipment to Canada, comprising 75% of total imports. The second position in the ranking was held by the United States ($5.1M), with a 15% share of total imports.
From January 2022 to September 2022, the average monthly rate of growth in terms of value from China amounted to +12.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+15.7% per month) and Mexico (+40.4% per month).
Electric Heating Equipment Market Overview
Electric space heating apparatus is one of the most essential household appliances in Canada. It is used to heat up a room or an area in a home or office and is often used as the primary source of heat during the winter months. The major factor driving the growth of the electric space heating apparatus market is the rising demand for efficient and cost-effective heating solutions. The growing awareness about the environmental benefits of using electric space heaters is also fuelling the growth of the market.
The electric space heating apparatus market is highly competitive with a large number of players operating in it. The leading players in the market are focus on strategies such as product innovation and expansion to gain a competitive edge over their rivals.
The prices of electric space heating apparatuses vary depending on their type, capacity, and features. Factors such as government policies, raw material prices, and competition levels also affect the prices of these products.
This report provides an in-depth analysis of the electric heating equipment market in Canada. 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.
Product coverage:
- Prodcom 27512630 - Electric storage heating radiators
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
- Prodcom 27512690 - Other electric space heaters
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
