Report Update Nov 1, 2024

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

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Eastern Asia: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in Eastern Asia

In 2021, after two years of growth, there was significant decline in the East Asian electric heating radiator market, when its value decreased by -17.1% to $X. Overall, consumption faced a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Heating Radiator Production in Eastern Asia

In value terms, electric heating radiator production fell to $X in 2021 estimated in export price. Overall, production recorded a slight slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 35%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Electric Heating Radiator Exports

Exports in Eastern Asia

In 2021, electric heating radiator exports in Eastern Asia skyrocketed to X units, with an increase of 94% against 2020 figures. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 215%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, electric heating radiator exports surged to $X in 2021. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 80% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, China (X units) represented the main exporter of electric storage heating radiators in Eastern Asia, comprising 99% of total export.

China was also the fastest-growing in terms of the electric storage heating radiators exports, with a CAGR of +34.4% from 2012 to 2021. China (+38 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest electric heating radiator supplier in Eastern Asia.

In China, electric heating radiator exports increased at an average annual rate of +24.9% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, dropping by -17.2% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 109%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -7.1% per year.

Electric Heating Radiator Imports

Imports in Eastern Asia

In 2021, approx. X units of electric storage heating radiators were imported in Eastern Asia; picking up by 7.3% against 2020 figures. Overall, imports, however, faced a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 60%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating radiator imports reduced to $X in 2021. In general, imports, however, showed a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of 103%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea represented the key importer of electric storage heating radiators in Eastern Asia, with the volume of imports reaching X units, which was approx. 47% of total imports in 2021. Hong Kong SAR (X units) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Japan (22%). China (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +47.1%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported electric storage heating radiators in Eastern Asia, comprising 60% of total imports. The second position in the ranking was held by South Korea ($X), with a 29% share of total imports. It was followed by Hong Kong SAR, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value in Japan stood at -29.6%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+14.4% per year) and Hong Kong SAR (+3.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, reducing by -18.9% against the previous year. In general, the import price, however, posted a moderate expansion. The pace of growth was the most pronounced in 2014 when the import price increased by 57%. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 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 Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric storage heating radiators in Eastern Asia?

The country with the largest volume of electric heating radiator consumption was China, comprising approx. 96% of total volume. It was followed by Democratic People's Republic of Korea, with a 1.6% share of total consumption.

What are the largest producers of electric storage heating radiators in Eastern Asia?

The country with the largest volume of electric heating radiator production was China, accounting for 98% of total volume. It was followed by Democratic People's Republic of Korea, with a 1.5% share of total production.

What are the leading suppliers of electric storage heating radiators in Eastern Asia?

In value terms, China remains the largest electric heating radiator supplier in Eastern Asia.

What are the leading importers of electric storage heating radiators in Eastern Asia?

In value terms, South Korea, Japan and China appeared to be the countries with the highest levels of imports in 2020, with a combined 95% share of total imports.

What is the average export price for electric storage heating radiators in Eastern Asia?

In 2020, the electric heating radiator export price in Eastern Asia amounted to $32 per unit, surging by 31% against the previous year.

What is the average import price for electric storage heating radiators in Eastern Asia?

The electric heating radiator import price in Eastern Asia stood at $44 per unit in 2020, with a decrease of -17% against the previous year.

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

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Eastern Asia, split by region and country
Trade (exports and imports) in Eastern Asia
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
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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
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
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