Report Update Feb 1, 2025

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Vietnam: Electric Radiator Market 2025

Electric Radiator Market Size in Vietnam

For the third year in a row, the Vietnamese electric radiator market recorded growth in sales value, which increased by 21% to $X in 2021. Over the period under review, consumption recorded a strong increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Electric Radiator Production in Vietnam

In value terms, electric radiator production declined slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 107% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Electric Radiator Exports

Exports from Vietnam

In 2021, the amount of electric radiators and convection heaters exported from Vietnam soared to X units, jumping by 1,662% on the previous year's figure. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric radiator exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2015 when exports increased by 1,396% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

South Korea (X units), Mexico (X units) and the United States (X units) were the main destinations of electric radiator exports from Vietnam, with a combined 71% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +327.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the United States ($X) and Mexico ($X) constituted the largest markets for electric radiator exported from Vietnam worldwide, together comprising 71% of total exports.

Mexico, with a CAGR of +419.3%, saw the highest growth rate of 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, with a decrease of -33.6% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 63% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

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 Chile ($X per unit), while the average price for exports to Singapore ($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 Argentina (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Vietnam

For the fourth consecutive year, Vietnam recorded growth in purchases abroad of electric radiators and convection heaters, which increased by 61% to X units in 2021. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 129%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, electric radiator imports surged to $X in 2021. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 76% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X units) and Malaysia (X units) were the main suppliers of electric radiator imports to Vietnam.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +39.0%).

In value terms, China ($X) constituted the largest supplier of electric radiators and convection heaters to Vietnam, comprising 81% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +36.9%.

Import Prices by Country

The average electric radiator import price stood at $X per unit in 2021, with a decrease of -27.3% against the previous year. Overall, the import price faced a deep setback. The pace of growth was the most pronounced in 2020 when the average import price increased by 33%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Malaysia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of electric radiator consumption was South Africa, 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. The third position in this ranking was occupied by China, with a 3.7% share.

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

China constituted the country with the largest volume of electric radiator production, 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 Vietnam?

In value terms, China constituted the largest supplier of electric radiator to Vietnam, comprising 81% of total imports. The second position in the ranking was occupied by Malaysia, with a 15% share of total imports.

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

In value terms, the largest markets for electric radiator exported from Vietnam were the United States, Canada and South Africa, with a combined 70% share of total exports. Japan, Chile and Thailand lagged somewhat behind, together accounting for a further 11%.

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

In 2021, the average electric radiator export price amounted to $97 per unit, increasing by 124% against the previous year.

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

The average electric radiator import price stood at $25 per unit in 2021, rising by 7.9% against the previous year.

This report provides an in-depth analysis of the electric radiator market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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