Thailand: Electric Heating Radiator Market 2025

Electric Heating Radiator Market Size in Thailand

In 2021, the Thai electric heating radiator market decreased by -75.4% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption continues to indicate a perceptible slump. Electric heating radiator consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Electric Heating Radiator Production in Thailand

In value terms, electric heating radiator production reached $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 0.4% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Electric Heating Radiator Exports

Exports from Thailand

After three years of decline, overseas shipments of electric storage heating radiators increased by 210% to X units in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 303%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electric heating radiator exports surged to $X in 2021. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 833%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for electric heating radiator exports from Thailand, accounting for a 95% share of total exports. It was followed by the United States (X units), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +69.5%.

In value terms, Japan ($X) remains the key foreign market for electric storage heating radiators exports from Thailand, comprising 79% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +48.7%.

Export Prices by Country

The average electric heating radiator export price stood at $X per unit in 2021, growing by 153% against the previous year. In general, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 159% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Japan amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-12.3%), while the prices for the other major destinations experienced a decline.

Electric Heating Radiator Imports

Imports into Thailand

After three years of growth, supplies from abroad of electric storage heating radiators decreased by -77% to X units in 2021. Overall, imports showed a mild setback. The pace of growth was the most pronounced in 2013 with an increase of 204%. Over the period under review, imports attained the peak figure at X units in 2020, and then declined sharply in the following year.

In value terms, electric heating radiator imports contracted sharply to $X in 2021. In general, imports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 688%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of electric heating radiator to Thailand, with a 96% share of total imports. It was followed by Japan (X units), with a 2.8% share of total imports. The United States (X units) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-27.1% per year) and the United States (-48.0% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) appeared to be the largest electric heating radiator suppliers to Thailand, with a combined 92% share of total imports.

China, with a CAGR of +8.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electric heating radiator import price stood at $X per unit in 2021, jumping by 29% against the previous year. In general, the import price, however, faced a sharp decline. The growth pace was the most rapid in 2019 when the average import price increased by 533% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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