United Kingdom: Non-Household Fan Market 2024

Non-Household Fan Market Size in the UK

The UK non-household fan market reduced markedly to $X in 2022, shrinking by -41.2% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 failed to regain momentum.

Non-Household Fan Production in the UK

In value terms, non-household fan production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Non-Household Fan Exports

Exports from the UK

In 2022, the amount of non-household ventilation fans exported from the UK declined significantly to X units, dropping by -24.6% on 2021 figures. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 22% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-household fan exports declined remarkably to $X in 2022. In general, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of 49%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

The Netherlands (X units), Italy (X units) and Germany (X units) were the main destinations of non-household fan exports from the UK, with a combined 61% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +25.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-household fan exported from the UK were the United States ($X), India ($X) and Italy ($X), with a combined 33% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +16.9%, saw the highest rates of growth with regard to 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 non-household fan export price stood at $X per unit in 2022, shrinking by -23.5% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 78% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into the UK

In 2022, imports of non-household ventilation fans into the UK shrank rapidly to X units, reducing by -43.7% compared with the year before. Overall, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2016 when imports increased by 26% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-household fan imports fell significantly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-household fan supplier to the UK, accounting for a 46% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Italy (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.5% per year) and Italy (+6.1% per year).

In value terms, Germany ($X), the United States ($X) and China ($X) constituted the largest non-household fan suppliers to the UK, with a combined 63% share of total imports. Italy, Slovakia, Hungary, France, the Netherlands, Taiwan (Chinese), Hong Kong SAR and Japan lagged somewhat behind, together comprising a further 24%.

Slovakia, with a CAGR of +105.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-household fan import price stood at $X per unit in 2022, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2017 an increase of 21%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Hong Kong SAR ($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 (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform