Italy: Thermostat Market 2025

Thermostat Market Size in Italy

The Italian thermostat market skyrocketed to $X in 2021, jumping by 38% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Thermostat consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Thermostat Production in Italy

In value terms, thermostat production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 54% against the previous year. Thermostat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Thermostat Exports

Exports from Italy

After two years of decline, overseas shipments of thermostats increased by 24% to X units in 2021. Over the period under review, exports, however, saw a mild shrinkage. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, thermostat exports surged to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), Romania (X units) and Tunisia (X units) were the main destinations of thermostat exports from Italy, together accounting for 24% of total exports. Turkey, Saudi Arabia, Russia, Spain, Germany, Egypt, the United Arab Emirates, the UK, Iraq and the United States lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +12.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) constituted the largest markets for thermostat exported from Italy worldwide, together comprising 29% of total exports. The United States, Turkey, the UK, Russia, Saudi Arabia, Romania, Egypt, the United Arab Emirates, Tunisia and Iraq lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, the United States, with a CAGR of +7.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average thermostat export price stood at $X per unit in 2021, increasing by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2017 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Tunisia ($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 Romania (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Thermostat Imports

Imports into Italy

In 2021, the amount of thermostats imported into Italy skyrocketed to X units, jumping by 46% against the previous year. In general, imports, however, continue to indicate a perceptible decline. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, thermostat imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Tunisia (X units) were the main suppliers of thermostat imports to Italy, together accounting for 50% of total imports. These countries were followed by the Netherlands, France, Croatia, Romania, Luxembourg, Japan and the Czech Republic, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +116.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and France ($X) constituted the largest thermostat suppliers to Italy, together accounting for 56% of total imports. These countries were followed by Croatia, the Netherlands, Tunisia, the Czech Republic, Romania, Japan and Luxembourg, which together accounted for a further 24%.

In terms of the main suppliers, Croatia, with a CAGR of +109.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average thermostat import price stood at $X per unit in 2021, with a decrease of -7.9% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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