U.S. - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHeat Pump Price in the United States - 2023
Contents:
- Heat Pump Price in the United States (FOB) - 2023
- Heat Pump Price in the United States (CIF) - 2022
- Heat Pump Exports in the United States
- Heat Pump Imports in the United States
Heat Pump Price in the United States (FOB) - 2023
In September 2023, the average heat pump export price amounted to $9,707 per unit, picking up by 35% against the previous month. Over the period under review, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in December 2022 when the average export price increased by 157% month-to-month. Over the period under review, the average export prices reached the peak figure at $10,016 per unit in January 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Brazil ($12,618 per unit), while the average price for exports to Argentina ($725 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 France (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Heat Pump Price in the United States (CIF) - 2022
The average heat pump import price stood at $847 per unit in 2022, almost unchanged from the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2015 when the average import price increased by 9.3% against the previous year. As a result, import price reached the peak level of $1,602 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,521 per unit), while the price for China ($480 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced a decline.
Heat Pump Exports in the United States
In 2022, approx. 23K units of heat pumps other than air conditioning machines were exported from the United States; rising by 16% compared with the previous year's figure. In general, exports, however, faced a precipitous descent. Over the period under review, the exports attained the peak figure at 58K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, heat pump exports surged to $145M in 2022. Over the period under review, exports saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Heat Pump in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 54.0 | 47.0 | 86.9 | 100 | 22.8% |
| Brazil | 10.9 | 10.3 | 12.5 | 20.7 | 23.8% |
| Canada | 10.9 | 12.4 | 11.0 | 13.9 | 8.4% |
| Argentina | 0.1 | 0.2 | N/A | 2.2 | 180.2% |
| Germany | 0.3 | 0.2 | 0.6 | 0.6 | 26.0% |
| Others | 10.3 | 5.3 | 8.2 | 7.8 | -8.9% |
| Total | 86.5 | 75.3 | 119 | 145 | 18.8% |
Top Export Markets for Heat Pump from the United States in 2022:
- Mexico (7.9K units)
- Canada (5.7K units)
- Argentina (3.7K units)
- Brazil (1.6K units)
- Germany (0.6K units)
Heat Pump Imports in the United States
In 2022, approx. 79K units of heat pumps other than air conditioning machines were imported into the United States; jumping by 18% compared with the previous year. In general, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 153% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, heat pump imports soared to $67M in 2022. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 122%. As a result, imports attained the peak of $91M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Heat Pump in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 21.2 | 71.4 | 23.1 | 28.6 | 10.5% |
| China | 3.2 | 8.0 | 21.2 | 21.9 | 89.9% |
| Germany | 2.9 | 3.1 | 3.2 | 4.3 | 14.0% |
| Canada | 2.0 | 2.8 | 3.3 | 3.5 | 20.5% |
| Italy | 0.8 | 2.0 | 1.5 | 1.6 | 26.0% |
| Jordan | 0.2 | 0.5 | 0.5 | 0.8 | 58.7% |
| Sweden | 1.3 | 1.1 | 1.1 | 0.8 | -14.9% |
| Slovakia | 7.9 | 0.2 | 0.5 | 0.4 | -63.0% |
| Others | 1.4 | 1.8 | 2.4 | 4.7 | 49.7% |
| Total | 40.9 | 91.0 | 56.8 | 66.6 | 17.6% |
Top Suppliers of Heat Pump to the United States in 2022:
- China (45.6K units)
- Mexico (21.8K units)
- Canada (2.3K units)
- Germany (1.7K units)
- Italy (1.4K units)
- Jordan (1.3K units)
- Sweden (0.9K units)
- Slovakia (0.5K units)
This report provides an in-depth analysis of the heat pump 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 28251380 - Heat pumps other than air conditioning machines of HS
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
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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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