Ukraine: Electric Radiator Market 2025

Electric Radiator Market Size in Ukraine

In 2021, the Ukrainian electric radiator market decreased by -8.9% to $X, falling for the second year in a row after four years of growth. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Electric Radiator Production in Ukraine

In value terms, electric radiator production declined to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +37.8% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29%. Electric radiator production peaked at $X in 2020, and then declined slightly in the following year.

Electric Radiator Exports

Exports from Ukraine

In 2021, after three years of decline, there was significant growth in shipments abroad of electric radiators and convection heaters, when their volume increased by 39% to X units. Overall, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric radiator exports surged to $X in 2021. In general, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 +124.1% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units), Russia (X units) and Belarus (X units) were the main destinations of electric radiator exports from Ukraine, with a combined 64% share of total exports. The Czech Republic, Germany, Croatia, Austria, Bulgaria, Hungary, Romania, Lithuania, Moldova and France lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +228.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric radiator exported from Ukraine were Poland ($X), Russia ($X) and Belarus ($X), together accounting for 52% of total exports. These countries were followed by Germany, the Czech Republic, Lithuania, Croatia, Bulgaria, Hungary, Austria, Romania, Moldova and France, which together accounted for a further 31%.

Austria, with a CAGR of +210.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2021, dropping by -5.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 18%. The export price peaked at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Ukraine

In 2021, supplies from abroad of electric radiators and convection heaters decreased by -9.2% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 100% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, electric radiator imports skyrocketed to $X in 2021. In general, imports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 32% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric radiator to Ukraine, accounting for a 87% share of total imports. Moreover, electric radiator imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.9%.

In value terms, China ($X) constituted the largest supplier of electric radiators and convection heaters to Ukraine, comprising 56% of total imports. The second position in the ranking was held by Turkey ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.9%.

Import Prices by Country

The average electric radiator import price stood at $X per unit in 2021, jumping by 42% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.8%).

Source: IndexBox Platform

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