Hong Kong SAR, China - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice per Unit of Electric Heating Equipment in Hong Kong Surges to $75.1
Hong Kong Electric Heating Equipment Import Price in June 2023
In June 2023, the electric heating equipment price stood at $75.1 per unit (CIF, Hong Kong), surging by 2.5% against the previous month. Overall, the import price, however, saw a noticeable decline. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 82% month-to-month. As a result, import price attained the peak level of $154K per thousand units. From September 2022 to June 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -1.1% per month.
| COUNTRY | Import Price of Electric Heating Equipment in Hong Kong (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| China | 92.1 | 79.8 | 71.6 | 32.7 | 30.8 | 36.0 | 35.9 | 62.4 | 68.8 | 36.9 | 64.9 | 60.6 | 80.8 |
| Malaysia | 316 | 269 | 480 | 282 | 367 | 396 | 436 | 298 | 291 | 370 | 452 | 225 | N/A |
| Average | 120 | 84.6 | 154 | 86.2 | 96.6 | 75.5 | 81.4 | 96.9 | 139 | 66.5 | 66.0 | 73.3 | 75.1 |
Hong Kong Electric Heating Equipment Import Prices by Type
As there is only one major imported type of electric heating equipment, the average price level is determined by prices for electric radiators and convection heaters.
From June 2022 to June 2023, the rate of growth in terms of prices for electric heating radiator amounted to 0.0% per month.
Hong Kong Electric Heating Equipment Imports
In June 2023, after two months of growth, there was significant decline in supplies from abroad of electric space heating apparatus and soil heating apparatus, when their volume decreased by -20.2% to 7.4K units. In general, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in September 2022 with an increase of 411% m-o-m. Over the period under review, imports hit record highs at 60K units in October 2022; however, from November 2022 to June 2023, imports failed to regain momentum.
In value terms, electric heating equipment imports fell remarkably to $556K (IndexBox estimates) in June 2023. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in September 2022 with an increase of 187% m-o-m. Over the period under review, imports reached the peak figure at 5.8M units in October 2022; however, from November 2022 to June 2023, imports remained at a lower figure.
Hong Kong Electric Heating Equipment Imports by Type
In June 2023, electric radiators and convection heaters (7.4K units) was the main type of electric heating equipment supplied to Hong Kong, with a approximately 100% share of total imports.
From June 2022 to June 2023, the average monthly growth rate of the volume of import of electric radiators and convection heaters amounted to -2.2%.
In value terms, electric radiators and convection heaters ($556K) constituted the largest type of electric heating equipment supplied to Hong Kong.
Hong Kong Electric Heating Equipment Imports by Country
In June 2023, China (6.8K units) was the main supplier of electric heating equipment to Hong Kong, accounting for a 91% share of total imports. Moreover, electric heating equipment imports from China exceeded the figures recorded by the second-largest supplier, the UK (570 units), more than tenfold.
From June 2022 to June 2023, the average monthly growth rate of volume from China stood at +5.2%.
In value terms, China ($546K) constituted the largest supplier of electric heating equipment to Hong Kong, comprising 98% of total imports. The second position in the ranking was held by the UK ($5K), with a 0.9% share of total imports.
From June 2022 to June 2023, the average monthly growth rate of value from China totaled +4.0%.
This report provides an in-depth analysis of the electric heating equipment 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 27512630 - Electric storage heating radiators
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
- Prodcom 27512690 - Other electric space heaters
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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
-
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
-
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
-
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
