Latin America and the Caribbean: Electric Radiator Market 2024

Electric Radiator Market Size in Latin America and the Caribbean

The Latin American electric radiator market shrank to $X in 2022, falling by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Electric Radiator Production in Latin America and the Caribbean

In value terms, electric radiator production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Electric Radiator Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of electric radiators and convection heaters increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, electric radiator exports rose notably to $X in 2022. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Mexico (X units) represented the largest exporter of electric radiators and convection heaters in Latin America and the Caribbean, achieving X% of total export.

Mexico 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 Mexico (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest electric radiator supplier in Latin America and the Caribbean.

In Mexico, electric radiator exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, waning by X% against the previous year. In general, the export price recorded a slight curtailment. The growth pace was the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 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 Mexico.

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

Electric Radiator Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of electric radiators and convection heaters increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated notable growth from 2012 to 2022: its volume 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 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, electric radiator imports soared to $X in 2022. Total imports indicated a tangible 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The countries with the highest levels of electric radiator imports in 2022 were Chile (X units), Brazil (X units) and Mexico (X units), together finishing at X% of total import. It was distantly followed by Bolivia (X units), achieving a X% share of total imports. Colombia (X units), Uruguay (X units) and Peru (X units) held a relatively small share of total imports.

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

In value terms, Chile ($X), Mexico ($X) and Brazil ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Mexico ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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