China - Heat Exchange Units - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's 2023 Non-Domestic Heat Exchange Unit Exports Reach $2 Billion
China Non-Domestic Heat Exchange Unit Exports
For the eleventh year in a row, China recorded growth in overseas shipments of non-domestic heat exchange units, which increased by 22% to 9.6M units in 2023. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 61%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.
In value terms, non-domestic heat exchange unit exports skyrocketed to $2B (IndexBox estimates) in 2023. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2022 with an increase of 44%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the immediate term.
| COUNTRY | Export Value of Non-Domestic Heat Exchange Unit in China (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Canada | 1.5 | 5.1 | 8.8 | 1.8 | 4.5 | 7.2 | 7.6 | 6.8 | 8.9 | 217 | 311 |
| Mexico | 8.5 | 2.2 | 4.5 | 9.1 | 18.9 | 27.8 | 15.6 | 73.1 | 160 | 175 | 187 |
| United States | 46.1 | 79.3 | 128 | 119 | 147 | 184 | 110 | 115 | 96.6 | 158 | 172 |
| Indonesia | 28.0 | 26.2 | 30.9 | 25.6 | 17.6 | 32.0 | 62.8 | 55.4 | 94.7 | 143 | 132 |
| Japan | 27.3 | 39.7 | 30.2 | 33.5 | 43.5 | 55.8 | 71.3 | 81.2 | 102 | 105 | 93.4 |
| South Korea | 38.6 | 28.3 | 32.8 | 40.1 | 36.6 | 55.9 | 63.9 | 50.0 | 54.0 | 81.6 | 77.6 |
| Russia | 6.6 | 7.0 | 10.7 | 274 | 105 | 48.9 | 16.5 | 34.7 | 16.7 | 31.0 | 74.9 |
| Others | 346 | 526 | 495 | 517 | 570 | 709 | 562 | 605 | 643 | 783 | 974 |
| Total | 503 | 714 | 740 | 1,020 | 943 | 1,120 | 911 | 1,022 | 1,176 | 1,696 | 2,022 |
Exports by Country
Mexico (2M units) was the main destination for non-domestic heat exchange unit exports from China, accounting for a 20% share of total exports. Moreover, non-domestic heat exchange unit exports to Mexico exceeded the volume sent to the second major destination, South Korea (973K units), twofold. The third position in this ranking was taken by the United States (849K units), with an 8.8% share.
From 2013 to 2023, the average annual growth rate of volume to Mexico stood at +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+33.2% per year) and the United States (+25.2% per year).
In value terms, Canada ($311M), Mexico ($187M) and the United States ($172M) constituted the largest markets for non-domestic heat exchange unit exported from China worldwide, with a combined 33% share of total exports.
In terms of the main countries of destination, Canada, with a CAGR of +70.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the non-domestic heat exchange unit price amounted to $211 per unit (FOB, China), which is down by -2.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2022 an increase of 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $681 per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($341 per unit), while the average price for exports to Denmark ($52 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.0%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the heat exchange unit market in 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 28251130 - Heat exchange units
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
