Brazil - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Brazil - 2023
Contents:
- Thermostat Price in Brazil (CIF) - 2022
- Thermostat Price in Brazil (FOB) - 2023
- Thermostat Imports in Brazil
- Thermostat Exports in Brazil
Thermostat Price in Brazil (CIF) - 2022
The average thermostat import price stood at $1.4 per unit in 2022, with an increase of 11% against the previous year. Overall, the import price, however, recorded a noticeable decline. The import price peaked at $1.7 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the United States ($4.9 per unit), while the price for China ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Thermostat Price in Brazil (FOB) - 2023
The average thermostat export price stood at $8.1 per unit in July 2023, jumping by 130% against the previous month. Over the period under review, the export price posted a resilient expansion. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 227% month-to-month. The export price peaked at $8.8 per unit in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Argentina ($43.8 per unit), while the average price for exports to the United States ($2.4 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in Brazil
Thermostat imports into Brazil contracted significantly to 18M units in 2022, reducing by -25% on 2021 figures. In general, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of 23M units, and then contracted sharply in the following year.
In value terms, thermostat imports dropped significantly to $24M in 2022. Overall, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $29M, and then declined significantly in the following year.
| Import of Thermostat in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 8.4 | 10.4 | 7.8 | -2.0% |
| United States | 2.4 | 2.0 | 3.1 | 3.1 | 8.9% |
| India | 3.5 | 2.5 | 2.5 | 2.2 | -14.3% |
| Slovakia | 3.0 | 2.1 | 3.5 | 1.8 | -15.7% |
| Others | 9.1 | 7.3 | 9.3 | 9.1 | 0.0% |
| Total | 26.4 | 22.4 | 28.9 | 24.0 | -3.1% |
Top Suppliers of Thermostat to Brazil in 2022:
- China (13.8M units)
- Slovakia (0.8M units)
- India (0.7M units)
- United States (0.6M units)
Thermostat Exports in Brazil
In 2022, after three years of growth, there was significant decline in shipments abroad of thermostats, when their volume decreased by -6.4% to 1.2M units. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, the exports reached the peak of 1.3M units, and then fell in the following year.
In value terms, thermostat exports expanded markedly to $2.4M in 2022. Overall, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. Over the period under review, the exports hit record highs at $2.6M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Thermostat in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 726 | 759 | 1,021 | 804 | 3.5% |
| Argentina | 316 | 242 | 357 | 542 | 19.7% |
| Colombia | 154 | 99.8 | 222 | 269 | 20.4% |
| Mexico | 55.2 | 19.9 | 29.3 | 63.4 | 4.7% |
| Ecuador | 43.0 | 42.7 | 70.0 | 39.9 | -2.5% |
| Others | 1,337 | 523 | 567 | 669 | -20.6% |
| Total | 2,631 | 1,687 | 2,266 | 2,387 | -3.2% |
Top Export Markets for Thermostat from Brazil in 2022:
- United States (629.2K units)
- Argentina (357.1K units)
- Colombia (120.3K units)
- Ecuador (33.1K units)
- Mexico (20.4K units)
This report provides an in-depth analysis of the thermostat market in Brazil. 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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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