Iran: Electric Heating Radiator Market 2025

Electric Heating Radiator Market Size in Iran

In 2021, after two years of growth, there was significant decline in the Iranian electric heating radiator market, when its value decreased by -21.3% to $X. In general, consumption, however, showed a slight reduction. Electric heating radiator consumption peaked at $X in 2020, and then reduced dramatically in the following year.

Electric Heating Radiator Production in Iran

In value terms, electric heating radiator production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 31%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Electric Heating Radiator Exports

Exports from Iran

For the fourth year in a row, Iran recorded decline in overseas shipments of electric storage heating radiators, which decreased by -32.8% to X units in 2021. Over the period under review, exports showed a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of 67% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, electric heating radiator exports contracted dramatically to $X in 2021. Overall, exports faced a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of 183%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, Iraq ($X) also remains the key foreign market for electric storage heating radiators exports from Iran.

From 2012 to 2021, the average annual rate of growth in terms of value to Iraq totaled -29.1%.

Export Prices by Country

The average electric heating radiator export price stood at $X per unit in 2020, declining by -23.9% against the previous year. In general, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 190% against the previous year. The export price peaked at $X per unit in 2019, and then shrank markedly in the following year.

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

From 2014 to 2020, the rate of growth in terms of prices for Iraq amounted to 0.0% per year.

Electric Heating Radiator Imports

Imports into Iran

In 2021, approx. X units of electric storage heating radiators were imported into Iran; rising by 20% on the previous year's figure. In general, imports, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2016 when imports increased by 1,333%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating radiator imports contracted notably to $X in 2021. Over the period under review, imports, however, recorded a dramatic setback. The pace of growth was the most pronounced in 2016 when imports increased by 2,357% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X units) constituted the largest electric heating radiator supplier to Iran, with a 83% share of total imports. Moreover, electric heating radiator imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled -29.3%.

In value terms, the largest electric heating radiator suppliers to Iran were China ($X) and Turkey ($X).

China, with a CAGR of -30.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average electric heating radiator import price amounted to $X per unit, waning by -32.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 110% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.9%).

Source: IndexBox Platform

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