Asia: Electric Radiator Market 2024

Electric Radiator Market Size in Asia

In 2022, the Asian electric radiator market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Electric Radiator Production in Asia

In value terms, electric radiator production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Electric Radiator Exports

Exports in Asia

In 2022, shipments abroad of electric radiators and convection heaters increased by X% to X units, rising for the second consecutive year after two years of decline. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, electric radiator exports expanded slightly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, China (X units) was the largest exporter of electric radiators and convection heaters, constituting X% of total exports. It was distantly followed by Kyrgyzstan (X units), comprising an X% share of total exports. The following exporters - Turkey (X units) and Malaysia (X units) - each accounted for a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. While the share of Kyrgyzstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric radiator supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then declined in the following year.

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

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

Electric Radiator Imports

Imports in Asia

In 2022, imports of electric radiators and convection heaters in Asia rose markedly to X units, picking up by X% compared with the year before. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, electric radiator imports rose modestly to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Thailand represented the largest importer of electric radiators and convection heaters in Asia, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Japan (X units) ranks second in terms of the total imports with an X% share, followed by Iraq (X%) and India (X%). South Korea (X units), Saudi Arabia (X units), Kuwait (X units), Vietnam (X units), Taiwan (Chinese) (X units), Malaysia (X units) and China (X units) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Vietnam (X%), Malaysia (X%), India (X%), South Korea (X%), Saudi Arabia (X%), Taiwan (Chinese) (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, India, Kuwait, Vietnam and South Korea increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported electric radiators and convection heaters in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by China, with a X% share.

In Japan, electric radiator imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :