China’s heater exports to Europe rose 14.35% to $497.53 billion from January to August this year
The energy crisis in Europe has triggered a boom in orders for heating equipment such as blankets and heaters from China, according to reports.
The cost of electricity in European countries has skyrocketed since the beginning of this year due to embargoes on Russian gas imports following Moscow’s invasion of Ukraine, creating a shortage of local supply.
This has led Chinese manufacturers’ orders for heating equipment to surge 10-fold year-on-year as European consumers brace for a harsh winter as governments consolidate energy rationing plans, it said. reported Global Times.
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Exports of Chinese heaters to Europe rose 14.35 percent to $497.53 billion from January to August this year, the daily tabloid reported, citing data from the Chinese Chamber of Commerce. for the import and export of machinery and electronic products.
In August, 22.54 billion units of heaters were exported to the European market, worth about $70 billion, according to the data.
Meanwhile, daily inquiries from European buyers for electric blankets have increased fivefold at Shenzhen-based UTK Technology, a producer and seller of the blankets on e-commerce site Alibaba. Most people ask for urgent shipping, Bloomberg said quoting Crane Jin, chief executive of UTK.
In October, UTK expects to deliver more than 10,000 blankets to mainland countries. “We’ve been doing a lot of overtime lately,” Crane said.
UK retailers have also witnessed a similar trend. Sales of electric blankets were up 67% year-on-year at department store chain John Lewis Partnership, while online searches for the products jumped nearly 470%.
Between January and July, total exports of electric blankets to Europe reached $33.4 million, nearly double the whole of last year, Bloomberg reported citing data from China Household Electrical. Appliances Association.
(Edited by : Sudarsanan Mani)
First post: STI