Which Country Exports the Most Thermostats in the World?

Measuring, Testing, Navigating And Control Equipment May 28, 2018
Author: Anna Sergeeva
Market Analyst

In 2016, the amount of thermostat exported worldwide stood at 394K tonnes, surging by 8% against the previous year figure. Overall, thermostat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when export increased by 13% against the previous year level. Over the period under review, global thermostat exports attained its maximum volume in 2016, and are likely to see steady growth in the immediate term.

In value terms, thermostat exports totaled $34B in 2016. The total export value increased at an average annual rate of +2.5% over the period from 2007 to 2016; the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Global thermostat export peaked of $36B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.

Top Thermostat Exporting Countries in the World

1. Germany (5.0 billion USD)

2. Japan (4.8 billion USD)

3. USA (3.6 billion USD)

4. China (3.3 billion USD)

5. France (1.5 billion USD)

6. Hungary (1.5 billion USD)

7. United Kingdom (1.4 billion USD)

8. South Korea (1.0 billion USD)

9. Italy (0.6 billion USD)

10. Belgium (0.6 billion USD)

11. Spain (0.5 billion USD)

12. Czech Republic (0.3 billion USD)

Thermostat Exports By Country

In 2016, Germany (67K tonnes), China (54K tonnes), and Japan (46K tonnes) represented the largest exporters of thermostat in the world, making up 43% of total export. The U.S. (27K tonnes) ranks second globally in thermostat exports with a 7% share, following France (6%). The following exporters - Hungary (15K tonnes), the UK (15K tonnes), South Korea (14K tonnes), Italy (12K tonnes), Czech Republic (11K tonnes), Spain (9.4K tonnes), and Belgium (6.8K tonnes) together made up 21% of total exports.

From 2007 to 2016, the most notable growth rate of thermostat exports, among the main exporting countries, was attained by South Korea (+16.7% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest thermostat markets worldwide were Germany ($5B), Japan ($4.8B) and the U.S. ($3.6B), with a combined 40% share of global exports.China, France, Hungary, the UK, South Korea, Italy, Belgium, Spain and Czech Republic lagged somewhat behind, together accounting for a further 32%.

South Korea (+16.2% per year) recorded the highest rates of growth with regard to the thermostat exports, among the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Thermostat Export Prices By Country

The average thermostat export price stood at $85 per kg in 2016, reducing by -4.0% against the previous year. Over the last nine years it increased at an average annual rate of +2.1%.The growth pace was the most rapid in 2010, when export increased by 16% from the previous year level. Over the period under review, average thermostat export price attained its maximum level of $98 per kg in 2013; however, from 2014 to 2016, it failed to regain its strength.

Export prices varied noticeably by country of destination. the country with the highest export prices was the U.S. ($131 per kg), while Czech Republic ($25 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of thermostat export prices was attained by the UK (+8.3% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global thermostat market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • thermostat market share
  • thermostat prices
  • thermostat industry
  • thermostat sales
  • thermostat import
  • thermostat export
  • thermostat market forecast
  • thermostat price forecast
  • key thermostat producers

All data provided in this article covers the following product: HS Code 9032 - Regulating or controlling instruments and apparatus; automatic type.

Source: World: Thermostats - Market Report. Analysis and Forecast to 2025