India: Electric Radiator Market 2025

Electric Radiator Market Size in India

In 2021, the Indian electric radiator market decreased by -27.9% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. Electric radiator consumption peaked at $X in 2020, and then shrank significantly in the following year.

Electric Radiator Exports

Exports from India

In 2021, overseas shipments of electric radiators and convection heaters increased by 52% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 159% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, electric radiator exports soared to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 502% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nepal (X units), the United States (X units) and the UK (X units) were the main destinations of electric radiator exports from India, together comprising 60% of total exports. The United Arab Emirates, Zambia, Bhutan, Canada, France, Bangladesh, South Africa, Sweden, Kuwait and Egypt lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +1,311.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric radiator exported from India were the United States ($X), the United Arab Emirates ($X) and Nepal ($X), together comprising 51% of total exports. Sweden, South Africa, Zambia, Canada, the UK, Bhutan, Bangladesh, Kuwait, France and Egypt lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Sweden, with a CAGR of +1,236.5%, saw 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

In 2021, the average electric radiator export price amounted to $X per unit, shrinking by -7.7% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 658% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 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 United Arab Emirates ($X per unit), while the average price for exports to the UK ($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 Egypt (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Radiator Imports

Imports into India

In 2021, supplies from abroad of electric radiators and convection heaters increased by 0.3% to X units, rising for the fifth year in a row after three years of decline. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 110%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, electric radiator imports surged to $X in 2021. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 341% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest electric radiator supplier to India, accounting for a 64% share of total imports. Moreover, electric radiator imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Malaysia (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+28.7% per year) and Malaysia (+61.4% per year).

In value terms, China ($X), Japan ($X) and Malaysia ($X) appeared to be the largest electric radiator suppliers to India, with a combined 74% share of total imports.

Malaysia, with a CAGR of +72.0%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average electric radiator import price amounted to $X per unit, with an increase of 19% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 397% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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