United Kingdom - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in the UK - 2023
Contents:
- Thermostat Price in the UK (CIF) - 2022
- Thermostat Price in the UK (FOB) - 2022
- Thermostat Imports in the UK
- Thermostat Exports in the UK
Thermostat Price in the UK (CIF) - 2022
The average thermostat import price stood at $15 per unit in 2022, growing by 34% against the previous year. Overall, the import price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 68% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($43 per unit), while the price for Luxembourg ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Price in the UK (FOB) - 2022
The average thermostat export price stood at $17 per unit in 2022, increasing by 6.9% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, thermostat export price increased by +70.4% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 28%. The export price peaked at $19 per unit in 2016; however, from 2017 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 Belgium ($51 per unit), while the average price for exports to Romania ($9.5 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 Belgium (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in the UK
In 2022, the amount of thermostats imported into the UK dropped dramatically to 15M units, which is down by -22.6% against the previous year. In general, imports faced a deep reduction. The smallest decline of -1.2% was in 2021. Imports peaked at 23M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, thermostat imports reached $220M in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Thermostat in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.9 | 50.6 | 71.7 | 112 | 30.9% |
| Czech Republic | 1.4 | 8.4 | 20.8 | 18.5 | 136.4% |
| Italy | 7.9 | 7.3 | 10.4 | 12.8 | 17.5% |
| France | 15.3 | 13.3 | 15.2 | 11.7 | -8.6% |
| Denmark | 4.5 | 15.4 | 26.2 | 9.0 | 26.0% |
| Germany | 25.2 | 22.8 | 27.7 | 8.5 | -30.4% |
| Bulgaria | N/A | N/A | 0.4 | 4.1 | 925.0% |
| Poland | 0.7 | 0.5 | 0.3 | 3.1 | 64.2% |
| Austria | 1.4 | 0.7 | 0.7 | 1.7 | 6.7% |
| Japan | 4.2 | 2.9 | 3.1 | 1.7 | -26.0% |
| Israel | 0.1 | N/A | N/A | 1.6 | 152.0% |
| Netherlands | 17.5 | 4.4 | 4.7 | 1.2 | -59.1% |
| Luxembourg | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Others | 65.0 | 35.3 | 31.1 | 33.1 | -20.1% |
| Total | 193 | 162 | 213 | 220 | 4.5% |
Top Suppliers of Thermostat to the UK in 2022:
- China (6.5M units)
- France (1.2M units)
- Italy (1.1M units)
- Denmark (0.8M units)
- Israel (0.5M units)
- Netherlands (0.5M units)
- Japan (0.5M units)
- Germany (0.5M units)
- Czech Republic (0.4M units)
- Poland (0.4M units)
- Luxembourg (0.4M units)
- Austria (0.3M units)
- Bulgaria (0.3M units)
Thermostat Exports in the UK
Thermostat exports from the UK dropped dramatically to 4.8M units in 2022, declining by -39.4% against 2021. In general, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the peak figure at 8.2M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, thermostat exports declined remarkably to $83M in 2022. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of $129M, and then dropped sharply in the following year.
| Export of Thermostat in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 37.7 | 34.8 | 46.7 | 35.9 | -1.6% |
| United States | 8.3 | 6.2 | 7.5 | 8.1 | -0.8% |
| France | 7.8 | 8.2 | 35.2 | 6.0 | -8.4% |
| Ireland | 7.4 | 6.3 | 6.6 | 4.9 | -12.8% |
| Spain | 2.1 | 1.6 | 4.9 | 4.2 | 26.0% |
| Netherlands | 4.5 | 4.4 | 5.0 | 3.7 | -6.3% |
| Belgium | 3.2 | 3.6 | 1.7 | 2.2 | -11.7% |
| Italy | 4.1 | 3.1 | 2.7 | 1.4 | -30.1% |
| China | 2.7 | 1.4 | 1.4 | 1.4 | -19.7% |
| Romania | 1.6 | 0.9 | 2.1 | 1.2 | -9.1% |
| Poland | 1.5 | 1.1 | 2.4 | 0.8 | -18.9% |
| Denmark | 3.5 | 5.8 | 0.8 | 0.7 | -41.5% |
| Others | 23.9 | 23.7 | 11.8 | 13.0 | -18.4% |
| Total | 108 | 101 | 129 | 83.5 | -8.2% |
Top Export Markets for Thermostat from the UK in 2022:
- Germany (2910.1K units)
- France (329.8K units)
- United States (270.5K units)
- Spain (265.3K units)
- Netherlands (141.3K units)
- Romania (127.5K units)
- Ireland (116.1K units)
- China (107.5K units)
- Italy (78.1K units)
- Poland (60.7K units)
- Belgium (43.1K units)
- Denmark (17.6K units)
This report provides an in-depth analysis of the thermostat market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
868
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...
160
Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
868
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...
692
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...
