Hong Kong SAR, China - Electric Radiators And Convection Heaters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Radiator Price in Hong Kong SAR - 2023
Contents:
- Electric Radiator Price in Hong Kong SAR (CIF) - 2023
- Electric Radiator Price in Hong Kong SAR (FOB) - 2022
- Electric Radiator Imports in Hong Kong SAR
- Electric Radiator Exports in Hong Kong SAR
Electric Radiator Price in Hong Kong SAR (CIF) - 2023
The average electric radiator import price stood at $90.8 per unit in September 2023, waning by -16.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 43% against the previous month. As a result, import price attained the peak level of $139 per unit. From March 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($391 per unit), while the price for China stood at $74.9 per unit.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+7.2%).
Electric Radiator Price in Hong Kong SAR (FOB) - 2022
In 2022, the average electric radiator export price amounted to $30 per unit, jumping by 38% against the previous year. Overall, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2013 an increase of 188%. As a result, the export price attained the peak level of $71 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($128 per unit), while the average price for exports to the United States ($9.2 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 Malaysia (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Radiator Imports in Hong Kong SAR
In 2022, approx. 266K units of electric radiators and convection heaters were imported into Hong Kong SAR; which is down by -47.1% against 2021. In general, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 6.4% against the previous year. Over the period under review, imports hit record highs at 702K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, electric radiator imports contracted markedly to $22M in 2022. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 2.7% against the previous year. As a result, imports reached the peak of $33M, and then dropped markedly in the following year.
Import of Electric Radiator in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 14.8 | 14.8 | 16.7 | 12.6 | -5.2% |
China | 16.5 | 13.4 | 14.6 | 8.9 | -18.6% |
Germany | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
Others | 0.9 | 3.2 | 1.1 | 0.4 | -23.7% |
Total | 32.4 | 31.7 | 32.5 | 22.0 | -12.1% |
Top Suppliers of Electric Radiator to Hong Kong SAR in 2022:
- China (217.2K units)
- Malaysia (34.9K units)
- Germany (4.0K units)
Electric Radiator Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of electric radiators and convection heaters, which decreased by -72.4% to 117K units in 2022. Overall, exports continue to indicate a precipitous slump. The smallest decline of -32.2% was in 2020. Over the period under review, the exports reached the peak figure at 942K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electric radiator exports contracted notably to $3.6M in 2022. Over the period under review, exports recorded a precipitous decrease. The smallest decline of -25.1% was in 2021. Over the period under review, the exports hit record highs at $18M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Electric Radiator in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 3,012 | 1,834 | 1,506 | 1,265 | -25.1% |
China | 3,314 | 1,742 | 915 | 1,079 | -31.2% |
United States | 1,519 | 787 | 1,394 | 371 | -37.5% |
France | 245 | 335 | 585 | 200 | -6.5% |
Netherlands | 3.1 | 54.6 | 3.1 | 178 | 285.8% |
Japan | 7,445 | 3,748 | 3,054 | 92.4 | -76.8% |
Germany | 272 | 437 | 322 | 92.2 | -30.3% |
United Kingdom | 72.0 | 34.9 | 301 | 90.5 | 7.9% |
Malaysia | 39.5 | 27.5 | 23.0 | 52.6 | 10.0% |
Singapore | 22.7 | 25.0 | 19.1 | 28.1 | 7.4% |
Australia | 468 | 936 | 741 | 4.8 | -78.3% |
Others | 1,487 | 2,586 | 538 | 117 | -57.1% |
Total | 17,898 | 12,547 | 9,402 | 3,571 | -41.6% |
Top Export Markets for Electric Radiator from Hong Kong SAR in 2022:
- United States (40.6K units)
- China (29.2K units)
- Macao SAR (9.9K units)
- Netherlands (6.8K units)
- United Kingdom (6.1K units)
- France (4.7K units)
- Germany (4.7K units)
- Malaysia (2.7K units)
- Singapore (2.4K units)
- Japan (2.3K units)
- Australia (0.3K units)
This report provides an in-depth analysis of the electric radiator market in Hong Kong SAR, China. 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 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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
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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
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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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