Central Asia: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in Central Asia

After two years of decline, the Central Asian electric heating radiator market increased by X% to $X in 2022. Overall, consumption continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Electric Heating Radiator Production in Central Asia

In value terms, electric heating radiator production stood at $X in 2022 estimated in export price. The total production indicated a measured 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, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Electric Heating Radiator Exports

Exports in Central Asia

In 2022, approx. X units of electric storage heating radiators were exported in Central Asia; shrinking by X% against 2021 figures. Over the period under review, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric heating radiator exports dropped markedly to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan represented the major exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Tajikistan (X units), creating a X% share of total exports. Mongolia (X units) held a little share of total exports.

Kazakhstan was also the fastest-growing in terms of the electric storage heating radiators exports, with a CAGR of X% from 2012 to 2022. At the same time, Tajikistan (X%) displayed positive paces of growth. Mongolia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Kazakhstan, Tajikistan and Mongolia increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) remains the largest electric heating radiator supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Mongolia ($X), with a X% share of total exports.

In Kazakhstan, electric heating radiator exports expanded at 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: Mongolia (X% per year) and Tajikistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

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 Mongolia ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Electric Heating Radiator Imports

Imports in Central Asia

Electric heating radiator imports dropped to X units in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, electric heating radiator imports skyrocketed to $X in 2022. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X units) was the major importer of electric storage heating radiators, creating X% of total imports. Kyrgyzstan (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Tajikistan (X%) and Uzbekistan (X%). The following importers - Mongolia (X units) and Turkmenistan (X units) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric heating radiator imports into Kazakhstan stood at X%. At the same time, Kyrgyzstan (X%), Uzbekistan (X%), Turkmenistan (X%), Tajikistan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Kyrgyzstan (X p.p.), Uzbekistan (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while Mongolia and Kazakhstan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported electric storage heating radiators in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Turkmenistan ($X), with an X% share of total imports. It was followed by Tajikistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkmenistan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, saw a deep downturn. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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