China: Electric Radiator Market 2025

Electric Radiator Market Size in China

After two years of growth, the Chinese electric radiator market decreased by -53.4% to $X in 2021. In general, consumption saw a noticeable setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Radiator Production in China

In value terms, electric radiator production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Electric Radiator Exports

Exports from China

In 2021, shipments abroad of electric radiators and convection heaters increased by 30% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 364% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, electric radiator exports skyrocketed to $X in 2021. Overall, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.3% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for electric radiator exports from China, with a 29% share of total exports. Moreover, electric radiator exports to the United States exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was held by Japan (X units), with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.2% per year) and Japan (+2.3% per year).

In value terms, the United States ($X) remains the key foreign market for electric radiators and convection heaters exports from China, comprising 28% of total exports. The second position in the ranking was held by the UK ($X), with a 9.2% share of total exports. It was followed by Japan, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.1% per year) and Japan (+4.2% per year).

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2021, rising by 11% against the previous year. Overall, the export price saw a slight expansion. The pace of growth was the most pronounced in 2016 an increase of 130% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into China

Electric radiator imports into China contracted modestly to X units in 2021, approximately reflecting the year before. Over the period under review, imports recorded a slight descent. The growth pace was the most rapid in 2016 with an increase of 47%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, electric radiator imports declined significantly to $X in 2021. Overall, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 81%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia (X units), Germany (X units) and Thailand (X units) were the main suppliers of electric radiator imports to China, together comprising 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +227.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Germany ($X) and France ($X) constituted the largest electric radiator suppliers to China, with a combined 86% share of total imports. Japan, the United States, South Korea, Ukraine and Thailand lagged somewhat behind, together comprising a further 6.2%.

Thailand, with a CAGR of +263.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric radiator import price amounted to $X per unit, waning by -17.8% against the previous year. In general, the import price, however, showed strong growth. The pace of growth was the most pronounced in 2014 an increase of 80%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then declined notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+35.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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