Eastern Asia: Market for Radiators for Central Heating (not Electrically Heated) 2024

Market Size for Radiators for Central Heating (not Electrically Heated) in Eastern Asia

The East Asian non-electric central heating radiator market reduced slightly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Radiators for Central Heating (not Electrically Heated) in Eastern Asia

In value terms, non-electric central heating radiator production dropped modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Radiators for Central Heating (not Electrically Heated)

Exports in Eastern Asia

In 2022, overseas shipments of radiators for central heating (not electrically heated) increased by X% to X units, rising for the eighth year in a row after two years of decline. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric central heating radiator exports dropped to $X in 2022. Total exports indicated a temperate 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell modestly in the following year.

Exports by Country

In 2022, China (X units) represented the major exporter of radiators for central heating (not electrically heated) in Eastern Asia, creating X% of total export.

China was also the fastest-growing in terms of the radiators for central heating (not electrically heated) exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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.

Imports of Radiators for Central Heating (not Electrically Heated)

Imports in Eastern Asia

In 2022, the amount of radiators for central heating (not electrically heated) imported in Eastern Asia fell markedly to X units, dropping by X% against 2021 figures. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-electric central heating radiator imports fell rapidly to $X in 2022. In general, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China was the key importing country with an import of around X units, which reached X% of total imports. It was distantly followed by Japan (X units), committing a X% share of total imports. Democratic People's Republic of Korea (X units) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic People's Republic of Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Japan (X p.p.) and Democratic People's Republic of Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

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

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

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, jumping by X% against the previous year. In general, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices failed to regain momentum.

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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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