Hong Kong SAR, China - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Hong Kong SAR - 2023
Contents:
- Thermostat Price in Hong Kong SAR (FOB) - 2022
- Thermostat Price in Hong Kong SAR (CIF) - 2023
- Thermostat Exports in Hong Kong SAR
- Thermostat Imports in Hong Kong SAR
Thermostat Price in Hong Kong SAR (FOB) - 2022
In 2022, the average thermostat export price amounted to $1.7 per unit, rising by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2017 an increase of 20%. The export price peaked at $1.8 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($20 per unit), while the average price for exports to the Netherlands ($0.8 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 Italy (+36.4%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average thermostat import price amounted to $985 per thousand units, waning by -11.8% against the previous month. Overall, the import price, however, recorded a mild increase. The growth pace was the most rapid in January 2023 an increase of 170% against the previous month. Over the period under review, average import prices reached the peak figure at $3.4 per unit in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($929 per thousand units), while the price for South Korea ($169 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Exports in Hong Kong SAR
In 2022, exports of thermostats from Hong Kong SAR dropped markedly to 113M units, falling by -29.4% compared with the previous year's figure. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of 160M units, and then fell rapidly in the following year.
In value terms, thermostat exports contracted notably to $193M in 2022. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at $262M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Thermostat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 114 | 98.3 | 112 | 86.4 | -8.8% |
| Germany | 17.4 | 21.9 | 30.4 | 43.8 | 36.0% |
| United States | 57.9 | 32.9 | 23.5 | 14.8 | -36.5% |
| Netherlands | 0.9 | 1.7 | 3.5 | 2.1 | 32.6% |
| Others | 71.9 | 47.7 | 60.4 | 46.0 | -13.8% |
| Total | 262 | 202 | 230 | 193 | -9.7% |
Top Export Markets for Thermostat from Hong Kong SAR in 2022:
- China (95.9M units)
- Netherlands (2.6M units)
- United States (2.2M units)
- Germany (2.2M units)
Thermostat Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of thermostats, when their volume decreased by -32.1% to 139M units. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 9.8% against the previous year. As a result, imports reached the peak of 204M units, and then shrank notably in the following year.
In value terms, thermostat imports contracted significantly to $155M in 2022. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Imports peaked at $226M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Thermostat in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 205 | 171 | 193 | 130 | -14.1% |
| Japan | 6.7 | 7.1 | 7.9 | 6.8 | 0.5% |
| Others | 15.0 | 11.2 | 14.7 | 18.3 | 6.9% |
| Total | 226 | 189 | 215 | 155 | -11.8% |
Top Suppliers of Thermostat to Hong Kong SAR in 2022:
- China (120.5M units)
- Japan (15.8M units)
This report provides an in-depth analysis of the thermostat market in Hong Kong SAR, 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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
-
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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In January 2023, Thermostat exports reached their highest point at 12M units. However, from February to October 2023, exports remained at a lower figure. In terms of value, thermostat exports reduced to $12M in October 2023.
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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In January 2023, Thermostat exports reached their highest point at 12M units. However, from February to October 2023, exports remained at a lower figure. In terms of value, thermostat exports reduced to $12M in October 2023.
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
