Australia and Oceania: Electric Radiator Market 2025

Electric Radiator Market Size in Australia and Oceania

In 2021, the electric radiator market in Australia and Oceania increased by 17% to $X, rising for the sixth consecutive year after two years of decline. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +89.4% against 2015 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Electric Radiator Production in Australia and Oceania

In value terms, electric radiator production totaled $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.3% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 39%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Electric Radiator Exports

Exports in Australia and Oceania

In 2021, shipments abroad of electric radiators and convection heaters decreased by -65.1% to X units, falling for the third consecutive year after four years of growth. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 67% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric radiator exports shrank dramatically to $X in 2021. In general, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 44%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand was the main exporting country with an export of around X units, which amounted to 78% of total exports. It was distantly followed by Australia (X units), committing a 22% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric radiator exports from New Zealand stood at -9.9%. Australia (-4.7%) illustrated a downward trend over the same period. While the share of Australia (+7.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-7.5 p.p.) displayed negative dynamics.

In value terms, the largest electric radiator supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

Australia, with a CAGR of -5.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, increasing by 114% against the previous year. Overall, the export price enjoyed a modest increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.2%).

Electric Radiator Imports

Imports in Australia and Oceania

In 2021, purchases abroad of electric radiators and convection heaters was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 27% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, electric radiator imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.7% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Australia was the major importer of electric radiators and convection heaters in Australia and Oceania, with the volume of imports finishing at X units, which was near 76% of total imports in 2021. It was distantly followed by New Zealand (X units), mixing up a 23% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electric radiator imports into Australia stood at +2.3%. At the same time, New Zealand (+4.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.5% from 2012-2021. While the share of New Zealand (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-3.2 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported electric radiators and convection heaters in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was held by New Zealand ($X), with a 24% share of total imports.

In Australia, electric radiator imports increased at an average annual rate of +6.0% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2021, which is down by -2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined slightly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.6%).

Source: IndexBox Platform

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