GCC: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in GCC

In 2022, the GCC electric heating radiator market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a resilient increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Electric Heating Radiator Production in GCC

In value terms, electric heating radiator production declined modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong expansion. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Electric Heating Radiator Exports

Exports in GCC

In 2022, overseas shipments of electric storage heating radiators decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric heating radiator exports declined rapidly to $X in 2022. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the main exporter of electric storage heating radiators, generating X% of total exports. It was distantly followed by Saudi Arabia (X units), committing a X% share of total exports. Kuwait (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest electric heating radiator supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, electric heating radiator exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price posted a resilient expansion. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

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

Electric Heating Radiator Imports

Imports in GCC

In 2022, the amount of electric storage heating radiators imported in GCC soared to X units, rising by X% on 2021. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, electric heating radiator imports surged to $X in 2022. In general, imports, however, saw a dramatic contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) was the largest importer of electric storage heating radiators, comprising X% of total imports. Kuwait (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%) and Qatar (X%).

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

In value terms, the largest electric heating radiator importing markets in GCC were Qatar ($X), Kuwait ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Bahrain lagged somewhat behind, accounting for a further X%.

Among the main importing countries, Bahrain, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, continues to indicate a sharp decrease. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :