The market demand of European and American countries has always been an important driving force for the export growth of China's household appliances industry. In 2022, with the housing economic dividend fading, overseas demand will gradually fall back, especially in the second half of the year, with inflation intensifying and inventories high, the pressure on China's home appliance export growth will gradually increase. According to the data of China Chamber of Commerce for Import and Export of Mechanical and Electrical Products, from January to August this year, China's electricity export volume was the same as that of the same period last year. However, the export of heating appliances is growing against the trend.
On the whole, in 2021, China's export of heating appliances to the world will reach a record 2.7 billion dollars. From January to August 2022, the scale of China's export of heating appliances to the world was 1.57 billion US dollars, an increase of 18.4% over the same period last year, including 25.3% to Europe, 23.9% and 21.3% to North America and Latin America. By category, 38.2% of the heating appliances at the outlet are other heaters, 28.2% are warm fans, 13.5% are other convection space heaters, 13% are radiation heaters, and 6.4% are liquid filled (traditional oil).
This year's export growth to Europe was mainly concentrated in Germany, the Netherlands, Italy, Spain and Belgium, which had a relatively large impact on the energy crisis. The main products of growth were fan type electric space heaters (for example, the export of warm fans to Europe from January to August increased by 49.5% on a year-on-year basis), liquid filled electric space heaters (for example, the export of oil to Europe from January to August increased by 27.7% on a year-on-year basis) Radiant space heaters (for example, the export of infrared heating tubes to Europe increased by 7.2% from January to August on a year-on-year basis). These heating equipment do not need to be installed, which is easy to move and affordable.