Asia: Radiator Market 2022

Radiator Market Size in Asia

After two years of decline, the Asian radiator market increased by X% to $X in 2021. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Radiator Production in Asia

In value terms, radiator production rose rapidly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Radiator Exports

Exports in Asia

Radiator exports surged to X tons in 2021, picking up by X% on the year before. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, radiator exports soared to $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the major exporter of radiators for central heating (not electrically heated), constituting X% of total exports. It was distantly followed by China (X tons), constituting a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to radiator exports from Turkey stood at +X%. At the same time, China (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +X%.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Radiator Imports

Imports in Asia

In 2021, approx. X tons of radiators for central heating (not electrically heated) were imported in Asia; growing by X% compared with 2020. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, radiator imports skyrocketed to $X in 2021. In general, imports, however, showed a slight downturn. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China was the key importing country with an import of about X tons, which accounted for X% of total imports. Kazakhstan (X tons) took the second position in the ranking, followed by Uzbekistan (X tons), Mongolia (X tons) and Georgia (X tons). All these countries together took approx. X% share of total imports. Azerbaijan (X tons), Singapore (X tons), Iran (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to radiator imports into China stood at +X%. At the same time, Uzbekistan (+X%), Mongolia (+X%) and Georgia (+X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Singapore and Turkey experienced a relatively flat trend pattern. By contrast, Azerbaijan (-X%), Kazakhstan (-X%) and Iran (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Uzbekistan, Mongolia and Georgia increased by +X, +X, less than X and less than X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported radiators for central heating (not electrically heated) in Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Uzbekistan (+X% per year) and Kazakhstan (-X% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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