U.S. Heating Equipment (Except Warm Air Furnaces) Market. Analysis And Forecast to 2030
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View PricingHeating equipment Price in United States - 2023
Contents:
- Price Forecast for Heating Equipment (except Warm Air Furnaces) in the United States till 2025
- Heating equipment Price in United States (CIF) - 2023
- Heating equipment Price in United States (FOB) - 2023
- United States Heating equipment Imports
- United States Heating equipment Exports
Price Forecast for Heating Equipment (except Warm Air Furnaces) in the United States till 2025
Heating equipment Price in United States (CIF) - 2023
The average heating equipment import price stood at $12.3 per kg in March 2023, rising by 27% against the previous month. Overall, import price indicated a notable increase from March 2022 to March 2023: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, heating equipment import price decreased by -3.7% against January 2023 indices. The import price peaked at $12.7 per kg in January 2023; however, from February 2023 to March 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Germany ($63.7 per kg), while the price for Taiwan (Chinese) ($3,086 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Mexico (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Heating equipment Price in United States (FOB) - 2023
In March 2023, the average heating equipment export price amounted to $163 per kg, picking up by 5.2% against the previous month. In general, export price indicated a slight increase from March 2022 to March 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, heating equipment export price increased by +52.5% against January 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 45% m-o-m. Over the period under review, the average export prices attained the maximum at $206 per kg in September 2022; however, from October 2022 to March 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was Canada ($368 per kg), while the average price for exports to Taiwan (Chinese) ($5,902 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
United States Heating equipment Imports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Million USD | |||||
| China | 539 | 593 | 1,032 | 919 | 19.5% |
| Canada | 279 | 250 | 273 | 327 | 5.4% |
| Germany | 176 | 127 | 173 | 229 | 9.2% |
| South Korea | 80.9 | 79.7 | 127 | 142 | 20.6% |
| Taiwan (Chinese) | 27.0 | 32.5 | 46.5 | 43.0 | 16.8% |
| Mexico | 45.6 | 41.7 | 34.1 | 28.1 | -14.9% |
| India | 10.3 | 8.5 | 17.6 | 18.4 | 21.3% |
| Others | 279 | 261 | 364 | 477 | 19.6% |
| Total | 1,436 | 1,394 | 2,069 | 2,184 | 15.0% |
Top Suppliers of Heating equipment (except warm air furnaces) to United States 2022:
- China (205.3K tons)
- Taiwan (Chinese) (13.0K tons)
- Canada (10.4K tons)
- South Korea (8.6K tons)
- India (5.0K tons)
- Germany (4.2K tons)
- Mexico (3.9K tons)
In 2022, imports of heating equipment (except warm air furnaces) into the United States reduced to 270K tons, declining by -13.8% on the year before. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports attained the peak of 313K tons, and then fell in the following year.
In value terms, heating equipment imports expanded markedly to $2.2B in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
United States Heating equipment Exports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Million USD | |||||
| Canada | 483 | 461 | 529 | 642 | 10.0% |
| Mexico | 59.3 | 44.0 | 55.3 | 74.8 | 8.0% |
| China | 18.0 | 12.8 | 13.5 | 13.2 | -9.8% |
| Taiwan (Chinese) | 9.7 | 3.1 | 8.0 | 9.2 | -1.7% |
| South Korea | 10.4 | 20.4 | 13.5 | 8.4 | -6.9% |
| Brazil | 7.3 | 7.6 | 6.7 | 7.1 | -0.9% |
| Germany | 8.9 | 6.3 | 6.3 | 7.1 | -7.3% |
| India | 22.4 | 8.9 | 8.3 | 6.2 | -34.8% |
| United Kingdom | 12.9 | 9.2 | 7.4 | 6.2 | -21.7% |
| Thailand | 11.6 | 9.1 | 7.1 | 5.6 | -21.6% |
| Australia | 3.9 | 2.8 | 3.7 | 4.5 | 4.9% |
| South Africa | 1.7 | 1.8 | 0.9 | 1.8 | 1.9% |
| Others | 94.6 | 90.2 | 73.5 | 73.7 | -8.0% |
| Total | 744 | 677 | 733 | 860 | 4.9% |
Top Export Markets for Heating equipment (except warm air furnaces) from United States 2022:
- Canada (1536.2 tons)
- Mexico (1435.6 tons)
- Taiwan (Chinese) (185.5 tons)
- China (182.1 tons)
- India (157.9 tons)
- Australia (130.5 tons)
- South Korea (128.9 tons)
- South Africa (126.6 tons)
- Thailand (124.0 tons)
- Germany (93.9 tons)
- Brazil (86.4 tons)
- United Kingdom (63.8 tons)
For the third year in a row, the United States recorded decline in shipments abroad of heating equipment (except warm air furnaces), which decreased by -11.4% to 5.3K tons in 2022. Overall, exports showed a dramatic contraction. The smallest decline of -9.6% was in 2021. Over the period under review, the exports reached the peak figure at 52K tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, heating equipment exports soared to $860M in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
This report provides an in-depth analysis of the 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:
- NAICS 333414 - Heating equipment (except warm air furnaces) manufacturing
Companies mentioned:
- M+w Americas
- Taco
- Raypak
- Detroit Stoker Company
- The Marley-Wylain Company
- ECR International
- Slant/Fin Corporation
- Bradford-White Corporation
- Array Technologies
- Filtran
- T.rad North America
- IHP Operations
- Real Goods Solar
- The Dyson-Kissner-Moran Corporation
- Solar Power
- Monessen Hearth Systems Company
- Terra-Therm
- Hunter Defense Technologies
- Central Boiler
- Burnham Holdings
- SMA America Production
- Beckett Gas
- Filtran Holdings
- Innovative Hearth Products
- Stamm International
- Amec Foster Wheeler North America Corp.
- Vari Corporation
- D S C Services
- Zeeco Usa
- Teyma USA & Abener Engineering and Construction Services Partnership
- Innovative Hearth Holdings
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
-
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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The most significant increase in imports of Heating Equipment was observed in August 2023 with a month-on-month growth rate of 23%. However, the value of these imports declined sharply to $166M in November 2023.
154
In July 2023, the price of Heating Equipment was $10,892 per ton (CIF, US), showing a 20% growth compared to the previous month.
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In value terms, heating equipment imports expanded slightly to $116M in March 2023
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The U.S. takes a X% share (based on USD) of global heating equipment (except warm air furnaces) imports, which put it in second place, following Germany (X%). In 2015, U.S. heating equipment imports totaled X million
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