South-Eastern Asia: Non-Electric Air Heater Market 2024

Non-Electric Air Heater Market Size in South-Eastern Asia

The Southeast Asian non-electric air heater market amounted to $X in 2022, picking up by 4.7% against the previous year. In general, consumption showed a pronounced slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Non-Electric Air Heater Production in South-Eastern Asia

In value terms, non-electric air heater production amounted to $X in 2022 estimated in export price. In general, production showed a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of 23%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Non-Electric Air Heater Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of non-electric air heaters or hot air distributors decreased by -22.3% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 94% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric air heater exports fell notably to $X in 2022. Over the period under review, exports recorded a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X units) and Thailand (X units) were the major exporters of non-electric air heaters or hot air distributors in South-Eastern Asia, together achieving 75% of total exports. Singapore (X units) ranks next in terms of the total exports with an 11% share, followed by Vietnam (11%).

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +34.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022, with a combined 77% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +42.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, remaining constant against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 40%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.3%), while the other leaders experienced more modest paces of growth.

Non-Electric Air Heater Imports

Imports in South-Eastern Asia

Non-electric air heater imports shrank significantly to X units in 2022, which is down by -20.5% against 2021. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 73% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, non-electric air heater imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 83%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of non-electric air heater imports in 2022 were Indonesia (X units), Singapore (X units) and Thailand (X units), together resulting at 68% of total import. Vietnam (X units) held the next position in the ranking, followed by Malaysia (X units) and the Philippines (X units). All these countries together took approx. 29% share of total imports. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of +47.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric air heater importing markets in South-Eastern Asia were Indonesia ($X), Singapore ($X) and Thailand ($X), with a combined 71% share of total imports. Vietnam, the Philippines, Malaysia and Cambodia lagged somewhat behind, together comprising a further 28%.

Among the main importing countries, Cambodia, with a CAGR of +32.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, declining by -2.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 38%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 the Philippines ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :