Which Country Imports the Most Thermostats in the World?

Measuring, Testing, Navigating And Control Equipment May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Global thermostat imports amounted to 674K tonnes in 2016, increasing by 6% against the previous year figure. The total import volume increased at an average annual rate of +1.2% from 2007 to 2016; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010, an increase of 18% year-to-year. Over the period under review, global thermostat imports reached its maximum volume in 2016, and are expected to retain its growth in the immediate term.

In value terms, thermostat imports amounted to $34B in 2016. The total import value increased at an average annual rate of +2.2% from 2007 to 2016; the trend pattern indicated some noticeable fluctuations over the period under review. Global thermostat import peaked of $36B in 2014; however, from 2015 to 2016, it failed to regain its strength.

Top Thermostat Importing Countries in the World

1. USA (4.7 billion USD)

2. China (4.5 billion USD)

3. Germany (2.6 billion USD)

4. Japan (1.9 billion USD)

5. Mexico (1.5 billion USD)

6. United Kingdom (1.4 billion USD)

7. France (1.1 billion USD)

8. Spain (0.7 billion USD)

9. Turkey (0.6 billion USD)

10. Hungary (0.3 billion USD)

11. Malaysia (0.3 billion USD)

12. Denmark (0.2 billion USD)

Thermostat Imports By Country

China (61K tonnes), Japan (55K tonnes), the U.S. (52K tonnes), Germany (37K tonnes), Mexico (31K tonnes), Denmark (31K tonnes), Malaysia (29K tonnes), France (26K tonnes), Spain (23K tonnes), Turkey (23K tonnes), the UK (22K tonnes), and Hungary (18K tonnes) represented roughly 60% of total imports of thermostat in 2016.

From 2007 to 2016, the most notable growth rate of thermostat imports, among the main importing countries, was attained by Turkey (+14.3% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest thermostat markets worldwide were the U.S. ($4.7B), China ($4.5B) and Germany ($2.6B), together comprising 35% of global imports.Japan, Mexico, the UK, France, Spain, Turkey, Hungary, Malaysia and Denmark lagged somewhat behind, together comprising a further 24%.

Turkey (+11.6% per year) experienced the highest rates of growth with regard to the thermostat imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Thermostat Import Prices By Country

The average thermostat import price stood at $50 per kg in 2016, reducing by -3.4% against the previous year. In general, thermostat import price continues to indicate a slight growth. The most prominent rate of growth was recorded in 2008, an increase of 10% year-to-year. Global thermostat import peaked of $57 per kg in 2013; however, from 2014 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($90 per kg), while Denmark ($6,739 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of thermostat import prices was attained by Hungary (+6.6% 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