Report Update Nov 1, 2024

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

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Kenya: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in Kenya

The Kenyan electric heating radiator market skyrocketed to $X in 2021, rising by 184% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Electric Heating Radiator Exports

Exports from Kenya

Electric heating radiator exports from Kenya soared to X units in 2021, rising by 87% compared with 2020 figures. In general, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 185%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric heating radiator exports declined slightly to $X in 2021. Overall, exports, however, saw a dramatic contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 162% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Rwanda (X units) was the main destination for electric heating radiator exports from Kenya, with a 70% share of total exports. Moreover, electric heating radiator exports to Rwanda exceeded the volume sent to the second major destination, Tanzania (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume to Rwanda stood at +6.5%.

In value terms, Rwanda ($X) remains the key foreign market for electric storage heating radiators exports from Kenya, comprising 71% of total exports. The second position in the ranking was held by Tanzania ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Rwanda totaled -22.1%.

Export Prices by Country

In 2021, the average electric heating radiator export price amounted to $X per unit, dropping by -48.5% against the previous year. In general, the export price faced a sharp setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Tanzania stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (-4.6%), while the prices for the other major destinations experienced a decline.

Electric Heating Radiator Imports

Imports into Kenya

In 2021, imports of electric storage heating radiators into Kenya soared to X units, increasing by 210% compared with the previous year. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 1,047% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, electric heating radiator imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 1,664% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) was the main electric heating radiator supplier to Kenya, with a 97% share of total imports. It was followed by India (X units), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +116.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+31.5% per year) and the United Arab Emirates (-9.6% per year).

In value terms, China ($X) constituted the largest supplier of electric storage heating radiators to Kenya, comprising 77% of total imports. The second position in the ranking was taken by India ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +89.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+46.4% per year) and the United Arab Emirates (-26.4% per year).

Import Prices by Country

The average electric heating radiator import price stood at $X per unit in 2021, waning by -44.4% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 94% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of electric heating radiator consumption was China, accounting for 33% of total volume. Moreover, electric heating radiator consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by India, with a 7% share.

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

China remains the largest electric heating radiator producing country worldwide, accounting for 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 Kenya?

In value terms, China constituted the largest supplier of electric heating radiator to Kenya, comprising 87% of total imports. The second position in the ranking was occupied by the UK $915), with a 9.8% share of total imports.

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

In value terms, the largest markets for electric heating radiator exported from Kenya were Rwanda and Tanzania $989).

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

The average electric heating radiator export price stood at $28 per unit in 2020, dropping by -83.9% against the previous year.

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

In 2020, the average electric heating radiator import price amounted to $22 per unit, declining by -15.7% against the previous year.

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

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
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