India: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in India

In 2022, the Indian electric heating equipment market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption posted a prominent expansion. Electric heating equipment consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Electric Heating Equipment Exports

Exports from India

After five years of growth, overseas shipments of electric space heating apparatus and soil heating apparatus decreased by X% to X units in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then dropped rapidly in the following year.

In value terms, electric heating equipment exports rose slightly to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electric heating equipment exports from India, with a X% share of total exports. Moreover, electric heating equipment exports to the United States exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was taken by Nepal (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Nepal (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric space heating apparatus and soil heating apparatus exports from India, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and China (X% per year).

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Nepal ($X 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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Electric Heating Equipment Imports

Imports into India

In 2022, supplies from abroad of electric space heating apparatus and soil heating apparatus was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electric heating equipment imports shrank to $X in 2022. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electric heating equipment supplier to India, accounting for a X% share of total imports. Moreover, electric heating equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of electric space heating apparatus and soil heating apparatus to India, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, reducing by X% against the previous year. Overall, the import price recorded a abrupt slump. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :