Middle East: Electric Radiator Market 2025

Electric Radiator Market Size in the Middle East

For the third consecutive year, the Middle Eastern electric radiator market recorded growth in sales value, which increased by 45% to $X in 2021. Overall, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Electric Radiator Production in the Middle East

In value terms, electric radiator production soared to $X in 2021 estimated in export price. Over the period under review, production posted a prominent increase. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Electric Radiator Exports

Exports in the Middle East

In 2021, shipments abroad of electric radiators and convection heaters increased by 13% to X units, rising for the fourth year in a row after four years of decline. Overall, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 21% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electric radiator exports soared to $X in 2021. Total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X units) was the main exporter of electric radiators and convection heaters in the Middle East, generating 96% of total export.

Turkey was also the fastest-growing in terms of the electric radiators and convection heaters exports, with a CAGR of -3.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest electric radiator supplier in the Middle East.

In Turkey, electric radiator exports increased at an average annual rate of +1.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, rising by 18% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 19%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +5.8% per year.

Electric Radiator Imports

Imports in the Middle East

After two years of growth, purchases abroad of electric radiators and convection heaters decreased by -9.7% to X units in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 103% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electric radiator imports expanded notably to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 70%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Iraq represented the major importer of electric radiators and convection heaters in the Middle East, with the volume of imports amounting to X units, which was approx. 41% of total imports in 2021. Saudi Arabia (X units) held the second position in the ranking, followed by Israel (X units) and the United Arab Emirates (X units). All these countries together held approx. 41% share of total imports. Turkey (X units), Kuwait (X units) and Iran (X units) held a minor share of total imports.

Iraq experienced a relatively flat trend pattern with regard to volume of imports of electric radiators and convection heaters. At the same time, Saudi Arabia (+10.7%), Kuwait (+7.7%), Iran (+2.1%) and Israel (+2.0%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +10.7% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Turkey (-9.0%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+11 p.p.), Kuwait (+1.8 p.p.) and Israel (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iraq (-5.1 p.p.) and Turkey (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iraq ($X), Saudi Arabia ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 63% of total imports. The United Arab Emirates, Turkey, Kuwait and Iran lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Kuwait, with a CAGR of +12.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, picking up by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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