From 2018 to 2022, imports of electric storage heating radiators into China have been on a clear declining trend. Import volumes decreased significantly year-on-year: from 15.63 thousand kilograms in 2018 to 1.69 thousand kilograms by 2022. This represents an average annual decrease (CAGR) over the five-year period of approximately -35.2%. The data for 2023 is unavailable, but the prior trend suggests continued reduction in import levels.
Future trends to watch for include:
- The potential impact of China’s increasing emphasis on renewable energy and sustainable technology, which may influence the demand for energy-efficient heating solutions.
- Potential shifts in domestic manufacturing that could reduce reliance on imports as local production technologies improve.
- Changes in consumer preferences and regulations regarding home energy use and efficiency that could alter import patterns.