Report Update Feb 1, 2025

Mexico - Electric Radiators and Convection Heaters - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Electric Radiator Market 2025

Electric Radiator Market Size in Mexico

The Mexican electric radiator market totaled $X in 2021, surging by 13% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Radiator Production in Mexico

In value terms, electric radiator production amounted to $X in 2021 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.2% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 30% against the previous year. Electric radiator production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Electric Radiator Exports

Exports from Mexico

In 2021, shipments abroad of electric radiators and convection heaters was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 77%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric radiator exports dropped markedly to $X in 2021. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 109% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for electric radiator exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +6.3%.

In value terms, the United States ($X) also remains the key foreign market for electric radiators and convection heaters exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +10.7%.

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2021, dropping by -29.8% against the previous year. Overall, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then reduced markedly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +4.1% per year.

Electric Radiator Imports

Imports into Mexico

In 2021, supplies from abroad of electric radiators and convection heaters increased by 182% to X units, rising for the fifth consecutive year after two years of decline. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric radiator imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of electric radiator to Mexico, accounting for a 98% share of total imports. It was followed by the United States (X units), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.6%.

In value terms, China ($X) constituted the largest supplier of electric radiators and convection heaters to Mexico, comprising 90% of total imports. The second position in the ranking was held by the United States ($X), with an 8.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.3%.

Import Prices by Country

In 2021, the average electric radiator import price amounted to $X per unit, with a decrease of -55.9% against the previous year. In general, the import price continues to indicate a slight descent. The growth pace was the most rapid in 2015 when the average import price increased by 364%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric radiators and convection heaters in the world?

South Africa remains the largest electric radiator consuming country worldwide, comprising approx. 62% of total volume. Moreover, electric radiator consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, eightfold. China ranked third in terms of total consumption with a 3.7% share.

What are the largest producers of electric radiators and convection heaters in the world?

The country with the largest volume of electric radiator production was China, comprising approx. 59% of total volume. Moreover, electric radiator production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by Russia, with a 6.5% share.

What are the leading suppliers of electric radiators and convection heaters to Mexico?

In value terms, the United States constituted the largest supplier of electric radiator to Mexico.

What are the leading importers of electric radiators and convection heaters from Mexico?

In value terms, the United States remains the key foreign market for electric radiator exports from Mexico.

What is the average export price for electric radiators and convection heaters in Mexico?

The average electric radiator export price stood at $62 per unit in 2021, surging by 31% against the previous year.

What is the average import price for electric radiators and convection heaters in Mexico?

In 2021, the average electric radiator import price amounted to $23 per unit, surging by 4.7% against the previous year.

This report provides an in-depth analysis of the electric radiator market in Mexico. 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 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024