China's export volume of electric heaters, electric blankets, and other heating appliances has soared so far this year, according to the China Household Electrical Appliances Association, China Daily reported on September 6.
With the fermentation of the Russia-Ukraine conflict, the energy crisis in Europe is getting worse, taking a toll on industries and livelihoods. Many European countries have expedited their structural energy transformation and, in the meantime, launched energy-saving campaigns among the public to address energy shortage.
According to the European Union's statistics bureau, as of July, the EU's annual energy price inflation rate was 38.3%, with the price inflation rates of natural gas and electricity at 52.2% and 31.1%. Since August, energy prices have continued to rise.
The European Energy Exchange data showed that the average price of the European electric system was 462.1 euros ($460.6) per megawatt hour, a six-fold increase since the start of the year. On August 26, the closing price of the Dutch TTF Gas Futures recorded 339.2 euros per megawatt, a five-fold increase since the beginning of the year.
China's export of products in markets, including air conditioners, electric water heaters, electric heaters, electric blankets, and electric hair driers, have seen a year-on-year increase this year, especially electric heaters, electric blankets as well as air source heat pumps. In the first seven months, the export of electric blankets to the EU rose 97% year on year. In the first half of the year, China's air source heat pumps exported to Bulgaria, Poland, Italy and Spain rose by 614%, 373%, 198% and 71%, respectively, the China Daily report said.
The China Household Electrical Appliances Association said all products enjoying sharp increases have temperature-adjustment functions, reflecting that European consumers are expanding their purchasing of heating products for the coming winter, said China Daily.
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