Asia: Non-Household Fan Market 2024

Non-Household Fan Market Size in Asia

In 2022, after two years of growth, there was significant decline in the Asian non-household fan market, when its value decreased by -5.1% to $X. The market value increased at an average annual rate of +4.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Non-Household Fan Production in Asia

In value terms, non-household fan production rose markedly to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 45% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Household Fan Exports

Exports in Asia

In 2022, shipments abroad of non-household ventilation fans decreased by -20.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a modest expansion. The pace of growth was the most pronounced in 2018 with an increase of 118%. The volume of export peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, non-household fan exports shrank to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

In 2022, China (X units) represented the largest exporter of non-household ventilation fans, achieving 62% of total exports. Hong Kong SAR (X units) ranks second in terms of the total exports with a 15% share, followed by Vietnam (9.1%). The following exporters - Taiwan (Chinese) (X units), Japan (X units), South Korea (X units) and Thailand (X units) - together made up 11% of total exports.

Exports from China increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Thailand (+27.8%), Vietnam (+13.6%), South Korea (+8.1%) and Taiwan (Chinese) (+2.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +27.8% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-8.5%) illustrated a downward trend over the same period. While the share of China (+15 p.p.), Vietnam (+6.3 p.p.) and Thailand (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-26 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-household fan supplier in Asia, comprising 47% of total exports. The second position in the ranking was held by Japan ($X), with a 10% share of total exports. It was followed by Hong Kong SAR, with a 7.9% share.

In China, non-household fan exports expanded at an average annual rate of +10.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-3.2% per year) and Hong Kong SAR (-3.1% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, with an increase of 7.4% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 115% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.2%), while the other leaders experienced more modest paces of growth.

Non-Household Fan Imports

Imports in Asia

After two years of growth, supplies from abroad of non-household ventilation fans decreased by -30.1% to X units in 2022. Over the period under review, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of X units, and then fell remarkably in the following year.

In value terms, non-household fan imports contracted notably to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Hong Kong SAR (X units) and China (X units) represented roughly 47% of total imports in 2022. India (X units) held the next position in the ranking, followed by Japan (X units), South Korea (X units), Thailand (X units), Taiwan (Chinese) (X units), Vietnam (X units) and Turkey (X units). All these countries together took near 43% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +15.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-household fan importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 43% share of total imports. Hong Kong SAR, Turkey, India, Taiwan (Chinese), Thailand and Vietnam lagged somewhat behind, together comprising a further 28%.

Taiwan (Chinese), with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, surging by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2014 when the import price increased by 19% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform