Brazil: Thermostat Market 2025

Thermostat Market Size in Brazil

In 2021, the Brazilian thermostat market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Thermostat Production in Brazil

In value terms, thermostat production expanded markedly to $X in 2021 estimated in export price. In general, production, however, showed a deep setback. Thermostat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Thermostat Exports

Exports from Brazil

In 2021, overseas shipments of thermostats increased by 45% to X units, rising for the second year in a row after five years of decline. In general, exports, however, recorded a deep reduction. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, thermostat exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for thermostat exports from Brazil, with a 61% share of total exports. Moreover, thermostat exports to the United States exceeded the volume sent to the second major destination, Argentina (X units), fourfold. Colombia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-18.4% per year) and Colombia (-17.3% per year).

In value terms, the United States ($X) remains the key foreign market for thermostats exports from Brazil, comprising 45% of total exports. The second position in the ranking was held by Argentina ($X), with a 16% share of total exports. It was followed by Colombia, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-23.2% per year) and Colombia (-20.7% per year).

Export Prices by Country

The average thermostat export price stood at $X per unit in 2021, declining by -7.3% against the previous year. Overall, the export price showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 24% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Thermostat Imports

Imports into Brazil

Thermostat imports into Brazil skyrocketed to X units in 2021, with an increase of 28% against the year before. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 77% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, thermostat imports surged to $X in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 72% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest thermostat supplier to Brazil, with a 78% share of total imports. Moreover, thermostat imports from China exceeded the figures recorded by the second-largest supplier, Slovakia (X units), more than tenfold. India (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+78.4% per year) and India (-0.3% per year).

In value terms, China ($X) constituted the largest supplier of thermostats to Brazil, comprising 36% of total imports. The second position in the ranking was held by Slovakia ($X), with a 12% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+73.8% per year) and the United States (-0.3% per year).

Import Prices by Country

The average thermostat import price stood at $X per unit in 2021, stabilizing at the previous year. In general, the import price, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 9.8% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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