South-Eastern Asia: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in South-Eastern Asia

The Southeast Asian electric heating equipment market reached $X in 2022, approximately reflecting the previous year. The total consumption indicated a pronounced 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electric Heating Equipment Production in South-Eastern Asia

In value terms, electric heating equipment production rose modestly to $X in 2022 estimated in export price. In general, production recorded moderate growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Electric Heating Equipment Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of electric space heating apparatus and soil heating apparatus increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric heating equipment exports totaled $X in 2022. Overall, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of electric space heating apparatus and soil heating apparatus, namely Malaysia, Thailand and Singapore, represented more than two-thirds of total export. It was distantly followed by Vietnam (X units), creating a X% share of total exports. The following exporters - Cambodia (X units) and the Philippines (X units) - each accounted for a X% share of total exports.

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

In value terms, Malaysia ($X) remains the largest electric heating equipment supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced mixed trends in the export price figures.

Electric Heating Equipment Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of electric space heating apparatus and soil heating apparatus decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then fell rapidly in the following year.

In value terms, electric heating equipment imports fell to $X in 2022. Total imports indicated noticeable growth 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Thailand was the major importing country with an import of about X units, which recorded X% of total imports. Malaysia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%). Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electric heating equipment imports into Thailand stood at X%. At the same time, Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. From 2012 to 2022, the share of Malaysia and Vietnam increased by X and X percentage points, respectively.

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

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 South-Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

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 Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :