Report India - Radiators for Central Heating (Not Electrically Heated) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update: Dec 1, 2023

India - Radiators for Central Heating (Not Electrically Heated) - Market Analysis, Forecast, Size, Trends and Insights

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India: Radiator Market 2023

Radiator Market Size in India

The Indian radiator market amounted to $X in 2022, picking up by 7.4% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Radiator Production in India

In value terms, radiator production rose notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 -8.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Radiator Exports

Exports from India

In 2022, radiator exports from India skyrocketed to X tons, picking up by 28% compared with 2021. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 118% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, radiator exports soared to $X in 2022. In general, exports, however, recorded a deep reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons) was the main destination for radiator exports from India, accounting for a 34% share of total exports. Moreover, radiator exports to Kuwait exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait totaled -38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Taiwan (Chinese) (+20.4% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for radiators for central heating (not electrically heated) exports from India, comprising 32% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 10% share of total exports. It was followed by Ghana, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) totaled +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Ghana (+46.8% per year).

Export Prices by Country

The average radiator export price stood at $X per ton in 2022, picking up by 44% against the previous year. In general, the export price continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Radiator Imports

Imports into India

For the fifth consecutive year, India recorded growth in overseas purchases of radiators for central heating (not electrically heated), which increased by 16% to X tons in 2022. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 202% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, radiator imports declined to $X in 2022. Overall, imports posted a strong increase. The growth pace was the most rapid in 2013 when imports increased by 216% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Japan (X tons) were the main suppliers of radiator imports to India, together comprising 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of radiators for central heating (not electrically heated) to India, comprising 63% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports. It was followed by Japan, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.1% per year) and Japan (-1.4% per year).

Import Prices by Country

The average radiator import price stood at $X per ton in 2022, with a decrease of -19.8% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 39%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for radiators for central heating (not electrically heated) in the world?
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Turkey remains the largest radiator consuming country worldwide, comprising approx. 53% of total volume. Moreover, radiator consumption in Turkey exceeded the figures recorded by the second-largest consumer, China, fourfold. India ranked third in terms of total consumption with a 5.1% share.
What are the largest producers of radiators for central heating (not electrically heated) in the world?
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Turkey remains the largest radiator producing country worldwide, comprising approx. 55% of total volume. Moreover, radiator production in Turkey exceeded the figures recorded by the second-largest producer, China, fourfold. India ranked third in terms of total production with a 5.1% share.
What are the leading suppliers of radiators for central heating (not electrically heated) to India?
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In value terms, China constituted the largest supplier of radiators for central heating not electrically heated) to India, comprising 63% of total imports. The second position in the ranking was taken by Turkey, with a 17% share of total imports. It was followed by Japan, with an 8.2% share.
What are the leading importers of radiators for central heating (not electrically heated) from India?
+
In value terms, Taiwan Chinese) remains the key foreign market for radiators for central heating not electrically heated) exports from India, comprising 32% of total exports. The second position in the ranking was held by Uzbekistan, with a 10% share of total exports. It was followed by Ghana, with a 7.5% share.
What is the average export price for radiators for central heating (not electrically heated) in India?
+
In 2022, the average radiator export price amounted to $6,653 per ton, increasing by 44% against the previous year.
What is the average import price for radiators for central heating (not electrically heated) in India?
+
In 2022, the average radiator import price amounted to $5,441 per ton, which is down by -19.8% against the previous year.

This report provides an in-depth analysis of the radiator market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 25211100 - Radiators for central heating, not electrically heated, and parts thereof, of iron or steel
Country coverage:
• India

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in India
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2022
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2022
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES
    1. Key Findings In 2022
    2. Market Volume, In Physical Terms, 2012–2022
    3. Market Value, 2012–2022
    4. Per Capita Consumption In 2012-2022
    5. Imports, In Physical Terms, By Country, 2012–2022
    6. Imports, In Value Terms, By Country, 2012–2022
    7. Import Prices, By Country Of Origin, 2012–2022
    8. Exports, In Physical Terms, By Country, 2012–2022
    9. Exports, In Value Terms, By Country, 2012–2022
    10. Export Prices, By Country Of Destination, 2012–2022
  12. LIST OF FIGURES
    1. Market Volume, In Physical Terms, 2012–2022
    2. Market Value, 2012–2022
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
    5. Trade Balance, In Physical Terms, 2012-2022
    6. Trade Balance, In Value Terms, 2012-2022
    7. Per Capita Consumption, 2012-2022
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2022
    22. Production, In Value Terms, 2012–2022
    23. Imports, In Physical Terms, 2012–2022
    24. Imports, In Value Terms, 2012–2022
    25. Imports, In Physical Terms, By Country, 2022
    26. Imports, In Physical Terms, By Country, 2012–2022
    27. Imports, In Value Terms, By Country, 2012–2022
    28. Import Prices, By Country Of Origin, 2012–2022
    29. Exports, In Physical Terms, 2012–2022
    30. Exports, In Value Terms, 2012–2022
    31. Exports, In Physical Terms, By Country, 2022
    32. Exports, In Physical Terms, By Country, 2012–2022
    33. Exports, In Value Terms, By Country, 2012–2022
    34. Export Prices, By Country Of Destination, 2012–2022

Free Data: Radiators for Central Heating (not Electrically Heated) - India