Russian Federation - Electric Radiators And Convection Heaters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Radiator Price in Russia - 2022
Contents:
- Electric Radiator Price in Russia (CIF) - 2022
- Electric Radiator Price in Russia (FOB) - 2022
- Electric Radiator Imports in Russia
- Electric Radiator Exports in Russia
Electric Radiator Price in Russia (CIF) - 2022
In 2022, the average electric radiator import price amounted to $19 per unit, growing by 3.8% against the previous year. In general, the import price, however, recorded a deep reduction. The growth pace was the most rapid in 2019 when the average import price increased by 159%. The import price peaked at $41 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($41 per unit), while the price for Belarus ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-1.4%), while the prices for the other major suppliers experienced a decline.
Electric Radiator Price in Russia (FOB) - 2022
The average electric radiator export price stood at $2.2 per unit in 2022, waning by -30.3% against the previous year. Overall, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of 3,408% against the previous year. As a result, the export price attained the peak level of $93 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($17 per unit), while the average price for exports to Belarus ($1 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 Kazakhstan (+12.6%), while the prices for the other major destinations experienced a decline.
Electric Radiator Imports in Russia
In 2022, after three years of growth, there was significant decline in supplies from abroad of electric radiators and convection heaters, when their volume decreased by -46.9% to 4.3M units. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 82%. Imports peaked at 8M units in 2021, and then dropped sharply in the following year.
In value terms, electric radiator imports declined remarkably to $82M in 2022. In general, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of $149M, and then fell dramatically in the following year.
| Import of Electric Radiator in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 57.2 | 53.9 | 104 | 59.3 | 1.2% |
| South Korea | 2.2 | 2.8 | 5.7 | 4.0 | 22.1% |
| Ukraine | 3.5 | 2.6 | 3.9 | 2.7 | -8.3% |
| Belarus | 0.9 | 1.5 | 3.0 | 2.0 | 30.5% |
| Others | 24.9 | 25.8 | 32.0 | 13.8 | -17.9% |
| Total | 88.8 | 86.5 | 149 | 81.9 | -2.7% |
Top Suppliers of Electric Radiator to Russia in 2022:
- China (4.2M units)
- Belarus (0.2M units)
- Ukraine (0.1M units)
- South Korea (0.1M units)
Electric Radiator Exports in Russia
In 2022, overseas shipments of electric radiators and convection heaters decreased by -16.9% to 6.6M units, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 7,634%. As a result, the exports attained the peak of 12M units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, electric radiator exports plummeted to $14M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. As a result, the exports reached the peak of $25M, and then contracted notably in the following year.
| Export of Electric Radiator in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 2.4 | 3.3 | 6.0 | 4.0 | 18.6% |
| Kazakhstan | 5.9 | 6.1 | 8.3 | 3.7 | -14.4% |
| Ukraine | 1.7 | 1.5 | 3.3 | 1.2 | -11.0% |
| Kyrgyzstan | 0.6 | 0.8 | 1.0 | 1.0 | 18.6% |
| Others | 3.6 | 2.9 | 6.1 | 4.4 | 6.9% |
| Total | 14.2 | 14.8 | 24.7 | 14.3 | 0.2% |
Top Export Markets for Electric Radiator from Russia in 2022:
- Belarus (4.0M units)
- Ukraine (0.4M units)
- Kyrgyzstan (0.2M units)
- Kazakhstan (0.2M units)
This report provides an in-depth analysis of the electric radiator market in the Russian Federation. 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 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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
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