Report Update Nov 1, 2024

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

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Iran: Electric Heating Radiator Market 2024

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

Frequently Asked Questions (FAQ) :

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

China remains the largest electric heating radiator consuming country worldwide, comprising approx. 33% of total volume. Moreover, electric heating radiator consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. India ranked third in terms of total consumption with a 7% share.

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

The country with the largest volume of electric heating radiator production was China, comprising approx. 44% of total volume. Moreover, electric heating radiator production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Germany, with a 4% share.

What are the leading suppliers of electric storage heating radiators to Iran?

In value terms, the United Arab Emirates constituted the largest supplier of electric heating radiator to Iran, comprising 79% of total imports. The second position in the ranking was occupied by Turkey, with a 15% share of total imports.

What are the leading importers of electric storage heating radiators from Iran?

In value terms, Iraq remains the key foreign market for electric heating radiator exports from Iran.

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

The average electric heating radiator export price stood at $25 per unit in 2020, remaining constant against the previous year.

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

The average electric heating radiator import price stood at $22 per unit in 2020, almost unchanged from the previous year.

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

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
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
Find deeper insights into current market developments
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023