Asia-Pacific: Non-Household Fan Market 2024

Non-Household Fan Market Size in Asia-Pacific

In 2022, after two years of growth, there was decline in the Asia-Pacific non-household fan market, when its value decreased by -3.7% to $X. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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-Pacific

In value terms, non-household fan production reached $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -2.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Household Fan Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas shipments of non-household ventilation fans, when their volume decreased by -20.6% to X units. Over the period under review, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of 119%. The volume of export peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, non-household fan exports declined to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

China was the largest exporter of non-household ventilation fans in Asia-Pacific, with the volume of exports resulting at X units, which was near 62% of total exports in 2022. Hong Kong SAR (X units) held the second position in the ranking, followed by Vietnam (X units). All these countries together held near 25% share of total exports. Taiwan (Chinese) (X units), Japan (X units), South Korea (X units) and Thailand (X units) held a minor share 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-Pacific, 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. From 2012 to 2022, the share of China, Vietnam and Thailand increased by +15, +6.4 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-household fan supplier in Asia-Pacific, comprising 47% of total exports. The second position in the ranking was taken by Japan ($X), with a 10% share of total exports. It was followed by Hong Kong SAR, with an 8% share.

In China, non-household fan exports increased at an average annual rate of +10.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-3.2% per year) and Hong Kong SAR (-3.1% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by 7.9% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when the export price increased by 117% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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-Pacific

In 2022, purchases abroad of non-household ventilation fans decreased by -28.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of X units, and then declined markedly in the following year.

In value terms, non-household fan imports shrank rapidly to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2022, Hong Kong SAR (X units) and China (X units) represented the key importers of non-household ventilation fans in Asia-Pacific, together creating 50% of total imports. India (X units) ranks next in terms of the total imports with a 7.6% share, followed by Japan (7.2%), South Korea (7.1%), Thailand (7%), Taiwan (Chinese) (6.2%) and Vietnam (5.6%).

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, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined 50% share of total imports. Hong Kong SAR, India, Taiwan (Chinese), Thailand and Vietnam lagged somewhat behind, together comprising a further 27%.

Taiwan (Chinese), with a CAGR of +13.5%, recorded the highest growth rate of the value of imports, among 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-Pacific amounted to $X per unit, rising by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2014 when the import price increased by 22% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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