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Turkey - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends And Insights

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Mar 28, 2024

Turkish Electric Heating Radiator Exports Experience 44% Surge, Reaching $127K in January 2024

Turkey Electric Heating Radiator Exports

In January 2024, electric heating radiator exports from Turkey soared to 1.5K units, picking up by 47% against the month before. Over the period under review, exports, however, recorded a abrupt setback. The growth pace was the most rapid in May 2023 when exports increased by 59% m-o-m. The exports peaked at 4.4K units in March 2023; however, from April 2023 to January 2024, the exports remained at a lower figure.

In value terms, electric heating radiator exports soared to $127K (IndexBox estimates) in January 2024. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in May 2023 with an increase of 80% against the previous month. The exports peaked at 388K units in March 2023; however, from April 2023 to January 2024, the exports remained at a lower figure. Turkey Electric Heating Radiator Exports By Country (USD)

COUNTRY	Export Value of Electric Heating Radiator in Turkey (USD)
COUNTRY	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023	Dec 2023	Jan 2024
Austria	184,552	72,060	54,124	36,355	68,908	51,340	78,247	98,059	7,341	57,091	125,045	34,820	85,707
United Kingdom	45,885	41,882	178,284	55,250	26,446	36,005	16,121	14,116	17,606	6,783	45,059	20,186	23,168
Australia	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	89,480	N/A	N/A	N/A	N/A
Turkmenistan	N/A	33,344	N/A	N/A	24,860	N/A	34,791	N/A	N/A	N/A	1,098	N/A	N/A
Poland	N/A	38,757	N/A	N/A	13,925	N/A	N/A	27,478	N/A	26,314	5,954	N/A	N/A
Belgium	37,668	95,893	108,209	109,585	190,894	179,985	74,795	64,875	N/A	83,350	39,009	20,262	N/A
Others	20,415	5,931	47,439	166	37,443	21,358	61,649	62,781	27,167	19,008	7,212	13,464	18,618
Total	288,520	287,867	388,056	201,356	362,476	288,688	265,603	267,309	141,594	192,546	223,377	88,732	127,493

Exports by Country

Austria (870 units) was the main destination for electric heating radiator exports from Turkey, with a 59% share of total exports. Moreover, electric heating radiator exports to Austria exceeded the volume sent to the second major destination, the UK (378 units), twofold.

From January 2023 to January 2024, the average monthly rate of growth in terms of volume to Austria totaled -4.3%.

In value terms, Austria ($86K) remains the key foreign market for electric heating radiator exports from Turkey, comprising 67% of total exports. The second position in the ranking was taken by the UK ($23K), with an 18% share of total exports.

From January 2023 to January 2024, the average monthly rate of growth in terms of value to Austria amounted to -6.2%.

Export Prices by Country

In January 2024, the electric heating radiator price amounted to $86.3 per unit (FOB, Turkey), declining by -2.5% against the previous month. In general, the export price showed a slight decline. The most prominent rate of growth was recorded in October 2023 an increase of 70% m-o-m. Over the period under review, the average export prices hit record highs at $122 per unit in August 2023; however, from September 2023 to January 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Austria ($98.5 per unit), while the average price for exports to the UK ($61.3 per unit) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electric heating radiator market in Turkey. 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 27512630 - Electric storage heating radiators

Country coverage:

Turkey

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Turkey
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
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. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024

Turkey - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends And Insights

Turkish Electric Heating Radiator Exports Experience 44% Surge, Reaching $127K in January 2024

Turkey Electric Heating Radiator Exports

Exports by Country

Export Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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