Central Asia: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in Central Asia

In 2021, the Central Asian electric heating radiator market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a strong increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Electric Heating Radiator Production in Central Asia

In value terms, electric heating radiator production reduced to $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 +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +54.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Electric Heating Radiator Exports

Exports in Central Asia

In 2021, approx. X units of electric storage heating radiators were exported in Central Asia; dropping by -35.2% compared with the previous year. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 116%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, electric heating radiator exports fell notably to $X in 2021. In general, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 275% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Kyrgyzstan was the major exporting country with an export of about X units, which reached 70% of total exports. It was distantly followed by Kazakhstan (X units), constituting a 30% share of total exports.

Exports from Kyrgyzstan decreased at an average annual rate of -16.7% from 2012 to 2021. At the same time, Kazakhstan (+43.0%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +43.0% from 2012-2021. Kazakhstan (+30 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan saw its share reduced by -29.8% from 2012 to 2021, respectively.

In value terms, Kyrgyzstan ($X) emerged as the largest electric heating radiator supplier in Central Asia, comprising 77% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kyrgyzstan amounted to -9.8%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, picking up by 16% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 200%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per unit), while Kazakhstan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+8.3%).

Electric Heating Radiator Imports

Imports in Central Asia

In 2021, supplies from abroad of electric storage heating radiators was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 605%. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating radiator imports surged to $X in 2021. In general, imports posted a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 432%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the largest importer of electric storage heating radiators in Central Asia, with the volume of imports amounting to X units, which was near 71% of total imports in 2021. Tajikistan (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (5.7%). The following importers - Mongolia (X units) and Turkmenistan (X units) - each reached an 8% share of total imports.

Imports into Kazakhstan increased at an average annual rate of +19.0% from 2012 to 2021. At the same time, Tajikistan (+19.3%), Turkmenistan (+14.0%) and Mongolia (+11.7%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +19.3% from 2012-2021. By contrast, Uzbekistan (-9.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan and Tajikistan increased by +28 and +5.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported electric storage heating radiators in Central Asia, comprising 71% of total imports. The second position in the ranking was taken by Mongolia ($X), with an 8.5% share of total imports. It was followed by Uzbekistan, with an 8.2% share.

In Kazakhstan, electric heating radiator imports expanded at an average annual rate of +10.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (+5.8% per year) and Uzbekistan (-3.2% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, shrinking by -22.9% against the previous year. In general, the import price recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 an increase of 43%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mongolia ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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