Singapore: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in Singapore

The Singaporean electric heating radiator market surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption recorded a perceptible increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Electric Heating Radiator Production in Singapore

In value terms, electric heating radiator production totaled $X in 2022 estimated in export price. Overall, production, however, saw a perceptible increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Electric heating radiator production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electric Heating Radiator Exports

Exports from Singapore

Electric heating radiator exports from Singapore shrank to X units in 2022, waning by X% compared with the previous year. In general, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric heating radiator exports skyrocketed to $X in 2022. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Indonesia (X units) and Belgium (X units) were the main destinations of electric heating radiator exports from Singapore, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Malaysia ($X) emerged as the key foreign market for electric storage heating radiators exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average electric heating radiator export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price showed a prominent increase. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Electric Heating Radiator Imports

Imports into Singapore

In 2022, the amount of electric storage heating radiators imported into Singapore soared to X units, jumping by X% compared with the previous year. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, electric heating radiator imports skyrocketed to $X in 2022. In general, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of electric heating radiator to Singapore, with a X% share of total imports. It was followed by Malaysia (X units), with a X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of electric storage heating radiators to Singapore, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

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

Import Prices by Country

The average electric heating radiator import price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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