Eastern Asia: Electric Radiator Market 2024

Electric Radiator Market Size in Eastern Asia

The East Asian electric radiator market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, showed a mild contraction. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electric Radiator Production in Eastern Asia

In value terms, electric radiator production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Electric Radiator Exports

Exports in Eastern Asia

Electric radiator exports declined to X units in 2022, which is down by X% against 2021. Over the period under review, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X units in 2021, and then fell modestly in the following year.

In value terms, electric radiator exports rose slightly to $X in 2022. Total exports indicated a resilient expansion 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China (X units) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the electric radiators and convection heaters exports, with a CAGR of X% from 2012 to 2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest electric radiator supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, rising by X% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price 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, electric radiator export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Electric Radiator Imports

Imports in Eastern Asia

In 2022, supplies from abroad of electric radiators and convection heaters increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric radiator imports amounted to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the major importer of electric radiators and convection heaters in Eastern Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X units), Taiwan (Chinese) (X units) and China (X units), together generating a X% share of total imports. Hong Kong SAR (X units) held a minor share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of electric radiators and convection heaters. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR 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, Japan ($X) constitutes the largest market for imported electric radiators and convection heaters in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, approximately reflecting the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price 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, electric radiator import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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