Report Update Feb 1, 2025

South-Eastern Asia - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends and Insights

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South-Eastern Asia: Electric Heating Radiator Market 2025

Electric Heating Radiator Market Size in South-Eastern Asia

The Southeast Asian electric heating radiator market dropped sharply to $X in 2021, which is down by -16.4% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Electric Heating Radiator Production in South-Eastern Asia

In value terms, electric heating radiator production declined slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 7.8% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electric Heating Radiator Exports

Exports in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in overseas shipments of electric storage heating radiators, when their volume increased by 395% to X units. Overall, exports, however, saw a pronounced decline. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, electric heating radiator exports surged to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Vietnam (X units) was the main exporter of electric storage heating radiators, committing 60% of total exports. It was distantly followed by Thailand (X units), committing a 37% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +20.0%).

In value terms, Vietnam ($X) remains the largest electric heating radiator supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Thailand ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at -10.6%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, with a decrease of -28.9% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 132% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-5.7%).

Electric Heating Radiator Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of electric storage heating radiators decreased by -15.6% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 7,452% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric heating radiator imports fell dramatically to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 568%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia dominates imports structure, finishing at X units, which was approx. 93% of total imports in 2021. It was distantly followed by Thailand (X units), generating a 5.7% share of total imports.

Malaysia was also the fastest-growing in terms of the electric storage heating radiators imports, with a CAGR of +19.0% from 2012 to 2021. Thailand (-1.6%) illustrated a downward trend over the same period. While the share of Malaysia (+27 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-16.6 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported electric storage heating radiators in South-Eastern Asia, comprising 83% of total imports. The second position in the ranking was taken by Thailand ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Malaysia stood at +1.8%.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, declining by -41.6% against the previous year. In general, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 558% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while Thailand stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-14.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric storage heating radiators in South-Eastern Asia?

The countries with the highest volumes of electric heating radiator consumption in 2020 were Malaysia, Indonesia and Vietnam, together accounting for 75% of total consumption.

What are the largest producers of electric storage heating radiators in South-Eastern Asia?

Indonesia remains the largest electric heating radiator producing country in South-Eastern Asia, accounting for 45% of total volume. Moreover, electric heating radiator production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines, twofold. Malaysia ranked third in terms of total production with a 14% share.

What are the leading suppliers of electric storage heating radiators in South-Eastern Asia?

In value terms, Vietnam remains the largest electric heating radiator supplier in South-Eastern Asia, comprising 79% of total exports. The second position in the ranking was occupied by Malaysia, with a 10% share of total exports.

What are the leading importers of electric storage heating radiators in South-Eastern Asia?

In value terms, Vietnam constitutes the largest market for imported electric storage heating radiators in South-Eastern Asia, comprising 53% of total imports. The second position in the ranking was occupied by Malaysia, with a 23% share of total imports. It was followed by Singapore, with a 17% share.

What is the average export price for electric storage heating radiators in South-Eastern Asia?

In 2020, the electric heating radiator export price in South-Eastern Asia amounted to $42 per unit, reducing by -39.9% against the previous year.

What is the average import price for electric storage heating radiators in South-Eastern Asia?

The electric heating radiator import price in South-Eastern Asia stood at $22 per unit in 2020, reducing by -57.7% against the previous year.

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

Brunei Darussalam
Cambodia
Indonesia
Malaysia
Myanmar
Philippines
Singapore
Thailand
Timor-Leste
Vietnam
Lao People's Democratic Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in South-Eastern Asia, split by region and country
Trade (exports and imports) in South-Eastern Asia
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Brunei Darussalam
- Cambodia
- Indonesia
- Malaysia
- Myanmar
- Philippines
- Singapore
- Thailand
- Timor-Leste
- Vietnam
- Lao People's Democratic Republic
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, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024