China - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHeat Pump Price in China - 2023
Contents:
- Heat Pump Price in China (FOB) - 2023
- Heat Pump Price in China (CIF) - 2022
- Heat Pump Exports in China
- Heat Pump Imports in China
Heat Pump Price in China (FOB) - 2023
The average heat pump export price stood at $791 per unit in September 2023, declining by -7.7% against the previous month. Over the period under review, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in January 2023 an increase of 24% month-to-month. As a result, the export price reached the peak level of $1,026 per unit. From February 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Poland ($1,542 per unit), while the average price for exports to the United States ($160 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Heat Pump Price in China (CIF) - 2022
In 2022, the average heat pump import price amounted to $1,638 per unit, waning by -30% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth was the most pronounced in 2020 an increase of 37% against the previous year. As a result, import price attained the peak level of $2,558 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($2,745 per unit), while the price for France ($789 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Heat Pump Exports in China
In 2022, exports of heat pumps other than air conditioning machines from China expanded markedly to 1.4M units, picking up by 5.6% against 2021 figures. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 96% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, heat pump exports soared to $1.2B in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 99%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Heat Pump in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 6.8 | 13.4 | 35.1 | 223 | 220.1% |
| Italy | 20.0 | 27.9 | 87.8 | 206 | 117.6% |
| France | 48.2 | 85.6 | 147 | 107 | 30.5% |
| Australia | 14.7 | 29.5 | 75.0 | 94.4 | 85.9% |
| Netherlands | 12.5 | 21.2 | 49.3 | 56.3 | 65.1% |
| Germany | 11.3 | 20.5 | 61.0 | 52.9 | 67.3% |
| Spain | 15.4 | 19.3 | 35.4 | 49.4 | 47.5% |
| United States | 4.3 | 10.0 | 21.5 | 22.2 | 72.8% |
| Canada | 8.3 | 12.9 | 24.3 | 14.2 | 19.6% |
| Belgium | 8.6 | 15.8 | 30.6 | 13.9 | 17.4% |
| India | 7.6 | 5.4 | 6.6 | 11.6 | 15.1% |
| South Africa | 10.3 | 9.8 | 11.7 | 11.3 | 3.1% |
| United Arab Emirates | 13.7 | 8.1 | 10.4 | 8.9 | -13.4% |
| Others | 93.7 | 118 | 193 | 287 | 45.2% |
| Total | 275 | 397 | 789 | 1,158 | 61.5% |
Top Export Markets for Heat Pump from China in 2022:
- Italy (246.9K units)
- Poland (225.7K units)
- Australia (160.7K units)
- France (134.8K units)
- Spain (67.9K units)
- Netherlands (61.4K units)
- Germany (53.5K units)
- United States (26.0K units)
- India (21.4K units)
- Canada (18.8K units)
- Belgium (14.6K units)
- South Africa (14.3K units)
- United Arab Emirates (11.9K units)
Heat Pump Imports in China
In 2022, the amount of heat pumps other than air conditioning machines imported into China declined markedly to 2.9K units, shrinking by -21% compared with the previous year. In general, imports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked at 6K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, heat pump imports plummeted to $4.7M in 2022. Overall, imports saw a precipitous decrease. The growth pace was the most rapid in 2021 when imports increased by 22%. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Heat Pump in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5,118 | 3,162 | 3,731 | 1,725 | -30.4% |
| Finland | 155 | 354 | 731 | 1,161 | 95.7% |
| Poland | N/A | 483 | 1,428 | 468 | -1.6% |
| Japan | 2,048 | 165 | 1,546 | 409 | -41.5% |
| Italy | 374 | 101 | 4.8 | 383 | 0.8% |
| Australia | 45.8 | 98.1 | 118 | 224 | 69.7% |
| France | 87.3 | 61.8 | 86.7 | 122 | 11.8% |
| United States | 71.7 | 20.1 | 33.9 | 99.3 | 11.5% |
| Netherlands | 835 | N/A | 3.3 | 39.9 | -63.7% |
| South Korea | 159 | 675 | 381 | N/A | 54.8% |
| Thailand | 376 | 339 | 312 | N/A | -8.9% |
| Austria | 1,540 | 1,540 | N/A | N/A | 0.0% |
| United Arab Emirates | 97.7 | 1.1 | N/A | N/A | -98.9% |
| Others | 347 | 48.5 | 207 | 114 | -31.0% |
| Total | 11,255 | 7,049 | 8,583 | 4,746 | -25.0% |
Top Suppliers of Heat Pump to China in 2022:
- Germany (1288.0 units)
- Finland (522.0 units)
- Italy (321.0 units)
- Japan (233.0 units)
- Australia (154.0 units)
- France (154.0 units)
- United States (88.0 units)
- Poland (48.0 units)
- Netherlands (31.0 units)
This report provides an in-depth analysis of the heat pump market in China. 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 28251380 - Heat pumps other than air conditioning machines of HS
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
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