Hong Kong SAR, China: Electric Heating Radiator Market 2025

Electric Heating Radiator Market Size in Hong Kong SAR, China

The Hong Kong electric heating radiator market rose significantly to $X in 2021, surging by 8% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 decreased by -5.5% against 2019 indices. Electric heating radiator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Electric Heating Radiator Production in Hong Kong SAR, China

In value terms, electric heating radiator production expanded sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 -10.8% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 35% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Electric Heating Radiator Exports

Exports from Hong Kong SAR, China

Electric heating radiator exports from Hong Kong SAR skyrocketed to X units in 2021, with an increase of 155% against the previous year. Overall, exports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2019 with an increase of 161%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, electric heating radiator exports plummeted to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 457% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and Canada (X units) were the main destinations of electric heating radiator exports from Hong Kong SAR, with a combined 74% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for electric heating radiator exported from Hong Kong SAR were the United States ($X), Germany ($X) and Canada ($X), together comprising 67% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric heating radiator export price stood at $X per unit in 2021, which is down by -85.7% against the previous year. In general, the export price, however, posted pronounced growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 865%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United States ($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 Norway (+37.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Radiator Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of electric storage heating radiators increased by 119% to X units, rising for the fourth year in a row after three years of decline. In general, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 479% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, electric heating radiator imports skyrocketed to $X in 2021. Overall, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 897% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of electric heating radiator to Hong Kong SAR, with a 28% share of total imports. Moreover, electric heating radiator imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Belgium (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+23.9% per year) and China (+10.9% per year).

In value terms, the largest electric heating radiator suppliers to Hong Kong SAR were Belgium ($X), Taiwan (Chinese) ($X) and China ($X), with a combined 18% share of total imports.

Belgium, with a CAGR of +26.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electric heating radiator import price stood at $X per unit in 2021, declining by -9.1% against the previous year. Over the period under review, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 72%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+51.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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