U.S. - 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 the United States - 2023
Contents:
- Electric Heating Equipment Price in the United States (CIF) - 2022
- Electric Heating Equipment Price in the United States (FOB) - 2022
- Electric Heating Equipment Imports in the United States
- Electric Heating Equipment Exports in the United States
Electric Heating Equipment Price in the United States (CIF) - 2022
The average electric heating equipment import price stood at $13 per unit in 2022, surging by 2.8% against the previous year. Overall, the import price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.8% against the previous year. The import price peaked at $26 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($43 per unit), while the price for Canada ($4.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.7%), while the prices for the other major suppliers experienced a decline.
Electric Heating Equipment Price in the United States (FOB) - 2022
In 2022, the average electric heating equipment export price amounted to $150 per unit, which is down by -3.9% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 59% against the previous year. The export price peaked at $156 per unit in 2021, and then shrank slightly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,448 per unit), while the average price for exports to Mexico ($41 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Heating Equipment Imports in the United States
In 2022, approx. 60M units of electric space heating apparatus and soil heating apparatus were imported into the United States; flattening at the year before. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, electric heating equipment imports stood at $804M in 2022. The total import value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Electric Heating Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 540 | 468 | 581 | 565 | 1.5% |
| Canada | 47.4 | 39.4 | 47.1 | 67.7 | 12.6% |
| Mexico | 35.6 | 28.7 | 43.5 | 47.7 | 10.2% |
| Japan | 8.2 | 7.5 | 9.3 | 13.3 | 17.5% |
| Germany | 7.5 | 7.0 | 7.8 | 11.4 | 15.0% |
| Others | 96.3 | 83.4 | 89.1 | 99.2 | 1.0% |
| Total | 735 | 634 | 778 | 804 | 3.0% |
Top Suppliers of Electric Heating Equipment to the United States in 2022:
- China (36.7M units)
- Canada (14.6M units)
- Germany (1.9M units)
- Mexico (1.1M units)
- Japan (1.0M units)
Electric Heating Equipment Exports in the United States
In 2022, electric heating equipment exports from the United States skyrocketed to 715K units, picking up by 26% against the year before. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, electric heating equipment exports surged to $107M in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Electric Heating Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 31.6 | 38.1 | 46.6 | 54.5 | 19.9% |
| Mexico | 4.3 | 4.7 | 15.1 | 16.9 | 57.8% |
| United Kingdom | 3.2 | 2.4 | 3.3 | 3.7 | 5.0% |
| Brazil | 0.6 | 0.8 | 1.5 | 2.2 | 54.2% |
| Italy | 1.2 | 0.7 | 1.5 | 1.9 | 16.6% |
| China | 4.3 | 3.8 | 1.5 | 1.3 | -32.9% |
| South Korea | 2.7 | 0.9 | 0.3 | 0.7 | -36.2% |
| Japan | 1.8 | 1.5 | 0.7 | 0.6 | -30.7% |
| Saudi Arabia | 4.0 | 0.4 | 0.5 | 0.4 | -53.6% |
| Others | 30.8 | 19.7 | 17.5 | 24.7 | -7.1% |
| Total | 84.6 | 73.1 | 88.6 | 107 | 8.1% |
Top Export Markets for Electric Heating Equipment from the United States in 2022:
- Mexico (413.1K units)
- Canada (138.8K units)
- United Kingdom (42.8K units)
- Italy (28.7K units)
- Brazil (14.4K units)
- China (4.4K units)
- South Korea (4.0K units)
- Japan (1.4K units)
- Saudi Arabia (1.1K units)
This report provides an in-depth analysis of the electric heating equipment market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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
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During the review period, Hair Curler imports reached a peak of 3.8M units in May 2023 before stabilizing until December 2023. In terms of value, imports saw a significant decline to $32M by December 2023.
232
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