Eastern Asia: Non-Electric Air Heater Market 2024

Non-Electric Air Heater Market Size in Eastern Asia

In 2022, the East Asian non-electric air heater market decreased by -6.6% to $X, falling for the sixth consecutive year after five years of growth. In general, consumption recorded a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Non-Electric Air Heater Production in Eastern Asia

In value terms, non-electric air heater production fell to $X in 2022 estimated in export price. Overall, production saw a slight curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Non-Electric Air Heater Exports

Exports in Eastern Asia

Non-electric air heater exports rose sharply to X units in 2022, increasing by 7.1% on 2021. Total exports indicated mild growth 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 +39.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 30%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, non-electric air heater exports rose remarkably to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +63.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X units, which resulted at 74% of total exports. It was distantly followed by Japan (X units) and South Korea (X units), together creating a 24% 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%) and South Korea (+2.0%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +16.3% from 2012-2022. Japan (+9 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -10.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-electric air heater supplier in Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports.

In China, non-electric air heater exports increased at an average annual rate of +2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+7.9% per year) and South Korea (+1.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, increasing by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 when the export price increased by 14% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.2%), while the other leaders experienced a decline in the export price figures.

Non-Electric Air Heater Imports

Imports in Eastern Asia

Non-electric air heater imports fell significantly to X units in 2022, waning by -24.2% against the year before. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 74% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric air heater imports dropped slightly to $X in 2022. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 66%. 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

South Korea represented the major importing country with an import of about X units, which accounted for 44% of total imports. China (X units) ranks second in terms of the total imports with a 27% share, followed by Japan (14%) and Hong Kong SAR (12%). Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of -2.0%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, together comprising 96% of total imports.

Among the main importing countries, South Korea, with a CAGR of +3.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, jumping by 30% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +57.8% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 South Korea (+5.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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