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Turkey - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkish Electric Heating Radiator Exports Experience 44% Surge, Reaching $127K in January 2024
Turkey Electric Heating Radiator Exports
In January 2024, electric heating radiator exports from Turkey soared to 1.5K units, picking up by 47% against the month before. Over the period under review, exports, however, recorded a abrupt setback. The growth pace was the most rapid in May 2023 when exports increased by 59% m-o-m. The exports peaked at 4.4K units in March 2023; however, from April 2023 to January 2024, the exports remained at a lower figure.
In value terms, electric heating radiator exports soared to $127K (IndexBox estimates) in January 2024. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in May 2023 with an increase of 80% against the previous month. The exports peaked at 388K units in March 2023; however, from April 2023 to January 2024, the exports remained at a lower figure.
COUNTRY | Export Value of Electric Heating Radiator in Turkey (USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
Austria | 184,552 | 72,060 | 54,124 | 36,355 | 68,908 | 51,340 | 78,247 | 98,059 | 7,341 | 57,091 | 125,045 | 34,820 | 85,707 |
United Kingdom | 45,885 | 41,882 | 178,284 | 55,250 | 26,446 | 36,005 | 16,121 | 14,116 | 17,606 | 6,783 | 45,059 | 20,186 | 23,168 |
Australia | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 89,480 | N/A | N/A | N/A | N/A |
Turkmenistan | N/A | 33,344 | N/A | N/A | 24,860 | N/A | 34,791 | N/A | N/A | N/A | 1,098 | N/A | N/A |
Poland | N/A | 38,757 | N/A | N/A | 13,925 | N/A | N/A | 27,478 | N/A | 26,314 | 5,954 | N/A | N/A |
Belgium | 37,668 | 95,893 | 108,209 | 109,585 | 190,894 | 179,985 | 74,795 | 64,875 | N/A | 83,350 | 39,009 | 20,262 | N/A |
Others | 20,415 | 5,931 | 47,439 | 166 | 37,443 | 21,358 | 61,649 | 62,781 | 27,167 | 19,008 | 7,212 | 13,464 | 18,618 |
Total | 288,520 | 287,867 | 388,056 | 201,356 | 362,476 | 288,688 | 265,603 | 267,309 | 141,594 | 192,546 | 223,377 | 88,732 | 127,493 |
Exports by Country
Austria (870 units) was the main destination for electric heating radiator exports from Turkey, with a 59% share of total exports. Moreover, electric heating radiator exports to Austria exceeded the volume sent to the second major destination, the UK (378 units), twofold.
From January 2023 to January 2024, the average monthly rate of growth in terms of volume to Austria totaled -4.3%.
In value terms, Austria ($86K) remains the key foreign market for electric heating radiator exports from Turkey, comprising 67% of total exports. The second position in the ranking was taken by the UK ($23K), with an 18% share of total exports.
From January 2023 to January 2024, the average monthly rate of growth in terms of value to Austria amounted to -6.2%.
Export Prices by Country
In January 2024, the electric heating radiator price amounted to $86.3 per unit (FOB, Turkey), declining by -2.5% against the previous month. In general, the export price showed a slight decline. The most prominent rate of growth was recorded in October 2023 an increase of 70% m-o-m. Over the period under review, the average export prices hit record highs at $122 per unit in August 2023; however, from September 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Austria ($98.5 per unit), while the average price for exports to the UK ($61.3 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the electric heating radiator market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023