U.S. - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Heating Equipment Prices in the United States
U.S. Electric Heating Equipment Import Price in August 2022
In August 2022, the electric heating equipment price stood at $13 per unit (CIF, US), rising by 27% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2022 when the average import price increased by 138% m-o-m. Over the period under review, average import prices hit record highs at $19 per unit in February 2022; however, from March 2022 to August 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was China ($21 per unit), while the price for the Czech Republic ($1.1 per unit) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.9%), while the prices for the other major suppliers experienced a decline.
U.S. Electric Heating Equipment Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was electric storage heating radiators ($23 per unit), while the price for electric radiators and convection heaters amounted to $13 per unit.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by electric radiator (+0.6%).
U.S. Electric Heating Equipment Imports
In August 2022, approximately 9.3M units of electric space heating apparatus and soil heating apparatus were imported into the United States; increasing by 3.4% compared with the previous month's figure. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in July 2022 when imports increased by 122% against the previous month. Over the period under review, imports hit record highs in August 2022.
In value terms, electric heating equipment imports surged to $126M (IndexBox estimates) in August 2022. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in June 2022 with an increase of 80% month-to-month. Imports peaked in August 2022.
U.S. Electric Heating Equipment Imports by Type
In August 2022, electric radiators and convection heaters (8.9M units) was the main type of electric heating equipment supplied to the United States, with a 95% share of total imports. Moreover, electric radiators and convection heaters exceeded the figures recorded for the second-largest type, electric storage heating radiators (454K units), more than tenfold.
From January 2022 to August 2022, the average monthly growth rate of the volume of import of electric radiators and convection heaters totaled +13.1%.
In value terms, electric radiators and convection heaters ($116M) constituted the largest type of electric heating equipment supplied to the United States, comprising 92% of total imports. The second position in the ranking was taken by electric storage heating radiators ($10M), with an 8.2% share of total imports.
U.S. Electric Heating Equipment Imports by Country
China (5M units), Canada (3M units) and Germany (501K units) were the main suppliers of electric heating equipment imports to the United States, with a combined 91% share of total imports. the Czech Republic and the UK lagged somewhat behind, together accounting for a further 4.4%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +155.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($102M) constituted the largest supplier of electric heating equipment to the United States, comprising 81% of total imports. The second position in the ranking was held by Canada ($6.1M), with a 4.8% share of total imports. It was followed by Germany, with a 0.8% share.
From January 2022 to August 2022, the average monthly growth rate of value from China stood at +19.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Canada (+4.9% per month) and Germany (-5.0% per month).
This report provides an in-depth analysis of the electric heating equipment market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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