Asia: Non-Electric Air Heater Market 2024

Non-Electric Air Heater Market Size in Asia

For the seventh year in a row, the Asian non-electric air heater market recorded decline in sales value, which decreased by -3.7% to $X in 2022. Overall, consumption saw a noticeable reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Non-Electric Air Heater Production in Asia

In value terms, non-electric air heater production fell to $X in 2022 estimated in export price. Over the period under review, production saw a mild slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 8.1%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Non-Electric Air Heater Exports

Exports in Asia

Non-electric air heater exports amounted to X units in 2022, increasing by 8.4% on the year before. Total exports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, non-electric air heater exports expanded significantly to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, China (X units) was the largest exporter of non-electric air heaters or hot air distributors, committing 67% of total exports. Japan (X units) ranks second in terms of the total exports with an 11% share, followed by South Korea (11%). India (X units) and Turkey (X units) held a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of non-electric air heaters or hot air distributors. At the same time, Japan (+16.3%), India (+11.1%), South Korea (+2.0%) and Turkey (+1.7%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +16.3% from 2012-2022. While the share of Japan (+8.1 p.p.) and India (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-10.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-electric air heater supplier in Asia, comprising 60% of total exports. The second position in the ranking was held by Japan ($X), with a 16% share of total exports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+7.9% per year) and South Korea (+1.0% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 when the export price increased by 14%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.7%), while the other leaders experienced more modest paces of growth.

Non-Electric Air Heater Imports

Imports in Asia

Non-electric air heater imports amounted to X units in 2022, picking up by 5.2% on the previous year's figure. Overall, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 24%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-electric air heater imports rose slightly to $X in 2022. In general, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X units), Turkey (X units) and the United Arab Emirates (X units) represented the key importer of non-electric air heaters or hot air distributors in Asia, making up 49% of total import. South Korea (X units) ranks next in terms of the total imports with a 7.7% share, followed by China (4.8%). The following importers - Indonesia (X units), Singapore (X units), Japan (X units), Azerbaijan (X units), Armenia (X units), Thailand (X units), Hong Kong SAR (X units) and Kyrgyzstan (X units) - together made up 20% of total imports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of +24.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric air heater importing markets in Asia were Turkey ($X), Kazakhstan ($X) and Japan ($X), together comprising 51% of total imports. China, South Korea, the United Arab Emirates, Indonesia, Singapore, Thailand, Armenia, Kyrgyzstan, Azerbaijan and Hong Kong SAR lagged somewhat behind, together comprising a further 34%.

Armenia, with a CAGR of +24.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, dropping by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 when the import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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