Report Update Feb 1, 2025

Azerbaijan - Electric Radiators and Convection Heaters - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Electric Radiator Market 2025

Electric Radiator Market Size in Azerbaijan

The Azerbaijani electric radiator market skyrocketed to $X in 2021, jumping by 62% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed strong growth. Electric radiator consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Electric Radiator Exports

Exports from Azerbaijan

For the third consecutive year, Azerbaijan recorded growth in overseas shipments of electric radiators and convection heaters, which increased by 727% to X units in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 2,100% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, electric radiator exports skyrocketed to $X in 2021. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 2,060% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Georgia (X units) was the main destination for electric radiator exports from Azerbaijan, accounting for a 57% share of total exports. Moreover, electric radiator exports to Georgia exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was held by Russia (X units), with a 16% share.

From 2014 to 2021, the average annual rate of growth in terms of volume to Georgia amounted to +244.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+123.6% per year) and Russia (+82.1% per year).

In value terms, Georgia ($X) emerged as the key foreign market for electric radiators and convection heaters exports from Azerbaijan, comprising 82% of total exports. The second position in the ranking was taken by Turkey ($X), with an 8.5% share of total exports. It was followed by Russia, with a 5.7% share.

From 2014 to 2021, the average annual rate of growth in terms of value to Georgia totaled +497.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+60.5% per year) and Russia (+43.1% per year).

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2021, jumping by 162% against the previous year. In general, the export price showed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 453%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+62.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Azerbaijan

In 2021, overseas purchases of electric radiators and convection heaters were finally on the rise to reach X units after two years of decline. Overall, imports recorded a prominent increase. The growth pace was the most rapid in 2015 when imports increased by 114%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, electric radiator imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 151%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X units) and Turkey (X units) were the main suppliers of electric radiator imports to Azerbaijan.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +59.7%).

In value terms, the largest electric radiator suppliers to Azerbaijan were China ($X) and Turkey ($X).

In terms of the main suppliers, China, with a CAGR of +48.9%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average electric radiator import price stood at $X per unit in 2021, with a decrease of -14.6% against the previous year. Overall, the import price showed a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-6.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric radiators and convection heaters in the world?

The country with the largest volume of electric radiator consumption was South Africa, comprising approx. 62% of total volume. Moreover, electric radiator consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, eightfold. The third position in this ranking was occupied by China, with a 3.7% share.

What are the largest producers of electric radiators and convection heaters in the world?

China remains the largest electric radiator producing country worldwide, comprising approx. 59% of total volume. Moreover, electric radiator production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by Russia, with a 6.5% share.

What are the leading suppliers of electric radiators and convection heaters to Azerbaijan?

In value terms, China and Turkey constituted the largest electric radiator suppliers to Azerbaijan.

What is the average export price for electric radiators and convection heaters in Azerbaijan?

The average electric radiator export price stood at $26 per unit in 2021, rising by 119% against the previous year.

What is the average import price for electric radiators and convection heaters in Azerbaijan?

In 2021, the average electric radiator import price amounted to $17 per unit, picking up by 1.7% against the previous year.

This report provides an in-depth analysis of the electric radiator market in Azerbaijan. 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 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans

Country coverage:

Azerbaijan

Data coverage:

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