Asia-Pacific: Non-Electric Air Heater Market 2023

Non-Electric Air Heater Market Size in Asia-Pacific

In 2022, the Asia-Pacific non-electric air heater market decreased by -4.9% to $X, falling for the sixth consecutive year after two years of growth. Overall, consumption showed a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Non-Electric Air Heater Production in Asia-Pacific

In value terms, non-electric air heater production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a slight reduction. The pace of growth was the most pronounced in 2015 with an increase of 9% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Non-Electric Air Heater Exports

Exports in Asia-Pacific

In 2022, the amount of non-electric air heaters or hot air distributors exported in Asia-Pacific rose rapidly to X units, surging by 8.6% against the previous year. Total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.4% 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 +42.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, non-electric air heater exports rose sharply to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +65.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X units) represented the major exporter of non-electric air heaters or hot air distributors, achieving 69% of total exports. It was distantly followed by Japan (X units) and South Korea (X units), together making up a 22% share of total exports. India (X units) held a relatively small 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%) and South Korea (+2.0%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +16.3% from 2012-2022. From 2012 to 2022, the share of Japan and India increased by +8.4 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-electric air heater supplier in Asia-Pacific, comprising 63% of total exports. The second position in the ranking was taken by Japan ($X), with a 17% share of total exports. It was followed by South Korea, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +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

In 2022, the export price in Asia-Pacific amounted to $X per unit, increasing by 1.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2021 an increase of 14%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 mixed trends in the export price figures.

Non-Electric Air Heater Imports

Imports in Asia-Pacific

In 2022, approx. X units of non-electric air heaters or hot air distributors were imported in Asia-Pacific; with a decrease of -23.5% against 2021 figures. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-electric air heater imports fell significantly to $X in 2022. Over the period under review, imports showed a pronounced decrease. The growth pace was the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the main importing country with an import of about X units, which accounted for 47% of total imports. South Korea (X units) ranks second in terms of the total imports with a 12% share, followed by China (7.4%), Indonesia (5.3%) and Singapore (4.8%). Japan (X units), Thailand (X units), Hong Kong SAR (X units), Vietnam (X units), Malaysia (X units), New Zealand (X units), the Philippines (X units) and India (X units) held a relatively small share of total imports.

Imports into Australia decreased at an average annual rate of -4.6% from 2012 to 2022. At the same time, Vietnam (+18.1%) and Thailand (+2.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +18.1% from 2012-2022. By contrast, India (-1.3%), South Korea (-2.0%), Japan (-5.0%), Indonesia (-5.2%), New Zealand (-9.1%), Malaysia (-9.9%), Singapore (-10.9%), Hong Kong SAR (-13.6%), China (-14.4%) and the Philippines (-17.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, South Korea, Thailand and Vietnam increased by +12, +5.1, +2.2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported non-electric air heaters or hot air distributors in Asia-Pacific, comprising 48% of total imports. The second position in the ranking was taken by Japan ($X), with a 10% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -2.5%. In the other countries, the average annual rates were as follows: Japan (-0.9% per year) and China (-9.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, growing by 5.3% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric air heater import price increased by +82.6% against 2016 indices. The pace of growth was the most pronounced in 2017 when the import price increased by 27% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 the Philippines (+13.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :