Report Update Nov 1, 2024

ASEAN - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends and Insights

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ASEAN: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in ASEAN

The ASEAN electric heating radiator market declined significantly to $X in 2021, shrinking by -16.4% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Electric Heating Radiator Production in ASEAN

In value terms, electric heating radiator production fell slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a noticeable reduction. The growth pace was the most rapid in 2020 when the production volume increased by 7.8%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electric Heating Radiator Exports

Exports in ASEAN

In 2021, overseas shipments of electric storage heating radiators were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a perceptible decrease. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, electric heating radiator exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam was the major exporter of electric storage heating radiators in ASEAN, with the volume of exports resulting at X units, which was approx. 60% of total exports in 2021. It was distantly followed by Thailand (X units), making up a 37% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +20.0%).

In value terms, Vietnam ($X) remains the largest electric heating radiator supplier in ASEAN, comprising 92% of total exports. The second position in the ranking was taken by Thailand ($X), with a 1.7% share of total exports.

In Vietnam, electric heating radiator exports contracted by an average annual rate of -10.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, with a decrease of -28.9% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by 132% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-5.7%).

Electric Heating Radiator Imports

Imports in ASEAN

In 2021, overseas purchases of electric storage heating radiators decreased by -15.6% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2015 when imports increased by 7,453%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, electric heating radiator imports reduced remarkably to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 568%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Malaysia dominates imports structure, accounting for X units, which was near 93% of total imports in 2021. It was distantly followed by Thailand (X units), mixing up a 5.7% share of total imports.

Malaysia was also the fastest-growing in terms of the electric storage heating radiators imports, with a CAGR of +19.0% from 2012 to 2021. Thailand (-1.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia increased by +27 percentage points.

In value terms, Malaysia ($X) constitutes the largest market for imported electric storage heating radiators in ASEAN, comprising 83% of total imports. The second position in the ranking was held by Thailand ($X), with a 3% share of total imports.

In Malaysia, electric heating radiator imports increased at an average annual rate of +1.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, waning by -41.6% against the previous year. In general, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 558% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Thailand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-14.5%).

Source: IndexBox Platform

This report provides an in-depth analysis of the electric heating radiator market in ASEAN. 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:

Brunei Darussalam
Cambodia
Indonesia
Malaysia
Myanmar
Philippines
Singapore
Thailand
Vietnam
Lao People's Democratic Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ASEAN, split by region and country
Trade (exports and imports) in ASEAN
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Vietnam
- Lao People's Democratic Republic
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023