U.S. - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in the United States - 2023
Contents:
- Thermostat Price in the United States (CIF) - 2022
- Thermostat Price in the United States (FOB) - 2023
- Thermostat Imports in the United States
- Thermostat Exports in the United States
Thermostat Price in the United States (CIF) - 2022
In 2022, the average thermostat import price amounted to $9 per unit, rising by 12% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. Over the period under review, average import prices attained the peak figure at $9.3 per unit in 2019; however, from 2020 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 Malaysia ($66 per unit), while the price for Japan ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Thermostat Price in the United States (FOB) - 2023
The average thermostat export price stood at $9.0 per unit in July 2023, with an increase of 8.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 14% m-o-m. As a result, the export price reached the peak level of $9.6 per unit. From April 2023 to July 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 July 2023, the country with the highest price was Canada ($19.5 per unit), while the average price for exports to Italy ($1.9 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 Germany (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in the United States
Thermostat imports into the United States contracted modestly to 130M units in 2022, shrinking by -2.9% compared with the year before. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. As a result, imports reached the peak of 134M units, and then reduced slightly in the following year.
In value terms, thermostat imports amounted to $1.2B in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Thermostat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 458 | 402 | 457 | 503 | 3.2% |
| Malaysia | 14.2 | 107 | 125 | 162 | 125.1% |
| Taiwan (Chinese) | 219 | 136 | 148 | 111 | -20.3% |
| China | 189 | 124 | 111 | 107 | -17.3% |
| Vietnam | 0.2 | 27.5 | 52.2 | 62.1 | 577.2% |
| Israel | 32.7 | 30.4 | 47.2 | 45.0 | 11.2% |
| Japan | 9.6 | 10.1 | 8.0 | 8.0 | -5.9% |
| Others | 133 | 108 | 131 | 175 | 9.6% |
| Total | 1,056 | 945 | 1,080 | 1,173 | 3.6% |
Top Suppliers of Thermostat to the United States in 2022:
- Mexico (70.7M units)
- China (22.4M units)
- Japan (11.5M units)
- Israel (9.1M units)
- Taiwan (Chinese) (2.6M units)
- Malaysia (2.5M units)
- Vietnam (2.1M units)
Thermostat Exports in the United States
In 2022, approx. 39M units of thermostats were exported from the United States; with an increase of 5.8% compared with 2021. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 7.1% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, thermostat exports rose rapidly to $294M in 2022. The total export value increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Thermostat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 82.2 | 73.4 | 91.2 | 119 | 13.1% |
| Canada | 86.6 | 83.4 | 92.0 | 100 | 4.9% |
| China | 18.7 | 19.6 | 17.8 | 10.2 | -18.3% |
| Germany | 4.7 | 3.1 | 4.6 | 7.8 | 18.4% |
| Italy | 5.2 | 1.3 | 1.1 | 2.2 | -24.9% |
| Brazil | 6.8 | 2.2 | 2.7 | 2.0 | -33.5% |
| Hong Kong SAR | 2.8 | 2.1 | 4.7 | 1.9 | -12.1% |
| Netherlands | 2.6 | 1.3 | 1.2 | 1.4 | -18.6% |
| Others | 41.6 | 33.4 | 40.4 | 48.9 | 5.5% |
| Total | 251 | 220 | 256 | 294 | 5.4% |
Top Export Markets for Thermostat from the United States in 2022:
- Mexico (24.4M units)
- Canada (5.6M units)
- China (1.3M units)
- Italy (1.0M units)
- Germany (1.0M units)
- Netherlands (0.4M units)
- Hong Kong SAR (0.4M units)
- Brazil (0.3M units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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.
-
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
-
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
-
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
-
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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