Kazakhstan: Electric Radiator Market 2024

Electric Radiator Market Size in Kazakhstan

The Kazakh electric radiator market dropped slightly to $X in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Electric Radiator Exports

Exports from Kazakhstan

In 2022, shipments abroad of electric radiators and convection heaters increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; afterwards, it flattened through to 2022.

In value terms, electric radiator exports skyrocketed to $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X units) was the main destination for electric radiator exports from Kazakhstan, with a X% share of total exports. Moreover, electric radiator exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X units), fivefold. The third position in this ranking was held by Switzerland (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Switzerland (X% per year).

In value terms, Russia ($X) remains the key foreign market for electric radiators and convection heaters exports from Kazakhstan, comprising X% of total exports. The second position in the ranking was taken by Moldova ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price showed a prominent increase. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

Electric Radiator Imports

Imports into Kazakhstan

Electric radiator imports into Kazakhstan reduced notably to X units in 2022, with a decrease of X% compared with 2021 figures. Over the period under review, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, electric radiator imports expanded significantly to $X in 2022. Overall, total imports indicated a modest 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Russia (X units) and Kyrgyzstan (X units) were the main suppliers of electric radiator imports to Kazakhstan, together comprising X% of total imports.

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

In value terms, China ($X), Russia ($X) and Kyrgyzstan ($X) were the largest electric radiator suppliers to Kazakhstan, together accounting for X% of total imports.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric radiator import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price showed a prominent increase. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per unit) and Kyrgyzstan ($X per unit), while the price for Germany ($X per unit) and Poland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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