U.S. - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Heating Radiator Price in the United States - 2023
Contents:
- Electric Heating Radiator Price in the United States (CIF) - 2023
- Electric Heating Radiator Price in the United States (FOB) - 2022
- Electric Heating Radiator Imports in the United States
- Electric Heating Radiator Exports in the United States
Electric Heating Radiator Price in the United States (CIF) - 2023
In September 2023, the average electric heating radiator import price amounted to $19.6 per unit, shrinking by -8.2% against the previous month. Over the period under review, the import price saw a slight descent. The growth pace was the most rapid in March 2023 when the average import price increased by 371% against the previous month. As a result, import price attained the peak level of $127 per unit. From April 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -1.4% per month.
Electric Heating Radiator Price in the United States (FOB) - 2022
The average electric heating radiator export price stood at $255 per unit in 2022, which is down by -44.2% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 79% against the previous year. The export price peaked at $922 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($838 per unit), while the average price for exports to Guatemala ($64 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Heating Radiator Imports in the United States
In 2022, the amount of electric storage heating radiators imported into the United States rose significantly to 1.8M units, increasing by 11% against the previous year. In general, imports, however, saw a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Imports peaked at 1.9M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electric heating radiator imports expanded rapidly to $42M in 2022. Overall, imports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Imports peaked at $45M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Heating Radiator in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.5 | 30.2 | 37.0 | 41.1 | -1.9% |
| Others | 1.0 | 0.7 | 1.3 | 1.3 | 9.1% |
| Total | 44.6 | 30.9 | 38.4 | 42.4 | -1.7% |
Top Suppliers of Electric Heating Radiator to the United States in 2022:
- China (1749.7K units)
Electric Heating Radiator Exports in the United States
In 2022, overseas shipments of electric storage heating radiators were finally on the rise to reach 4.2K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a perceptible contraction. Over the period under review, the exports attained the maximum at 4.7K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electric heating radiator exports skyrocketed to $1.1M in 2022. Over the period under review, exports, however, recorded a deep setback. The exports peaked at $1.5M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electric Heating Radiator in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 474 | 250 | 200 | 488 | 1.0% |
| Belgium | N/A | 105 | 230 | 207 | 40.4% |
| Australia | 8.4 | N/A | N/A | 76.0 | 108.4% |
| Mexico | 299 | 168 | 70.0 | 54.5 | -43.3% |
| Ecuador | N/A | 65.0 | N/A | 13.0 | -55.3% |
| Guatemala | N/A | N/A | N/A | 4.5 | 0% |
| United Arab Emirates | N/A | 176 | 11.5 | 3.4 | -86.1% |
| Others | 714 | 378 | 192 | 213 | -33.2% |
| Total | 1,495 | 1,143 | 703 | 1,059 | -10.9% |
Top Export Markets for Electric Heating Radiator from the United States in 2022:
- Canada (2722.0 units)
- Belgium (457.0 units)
- Australia (411.0 units)
- Mexico (246.0 units)
- Ecuador (80.0 units)
- Guatemala (70.0 units)
- United Arab Emirates (4.0 units)
This report provides an in-depth analysis of the electric heating radiator market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512630 - Electric storage heating radiators
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
474
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Electric heating radiator imports reached a staggering $2.6 million in June 2023.
78
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In April 2023, the electric hair dryer price amounted to $15.2 per unit (CIF, US), declining by -5.9% against the previous month.
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In February 2023, the price of a microwave oven was $75.9 (CIF, US) - an 11% increase compared to the previous month.
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In August 2022, the microwave oven price stood at $85 per unit (CIF, US), with a decrease of -7% against the previous month.
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Despite global logistical tensions amid the sharp container shortage, the U.S. continues to boosts microwave oven imports. Last year, American purchases spiked by +16.3% to $1.6B, reaching the highest level ever. In the first seven months of 2021, American imports reached 12.9M units, exceeding last year’s 12.1M units over the same period. China dominates American imports, supplying 95% of the total volume. In 2020, Chinese shipments to the U.S. jumped by +29% y-o-y to 22M units, while Malaysia saw a 19%-decline in supplies. Chinese microwave ovens thus drive out Malaysian products from the American market.
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