Spain - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice of Electric Heating Equipment in Spain Drops Slightly to $32.5 per Unit
Spain Electric Heating Equipment Import Price in April 2023
In April 2023, the electric heating equipment price stood at $32.5 per unit (CIF, Spain), declining by -19% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 81% month-to-month. As a result, import price attained the peak level of $40,165 per thousand units, and then contracted dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Germany ($99.7 per unit), while the price for Egypt ($13.0 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Electric Heating Equipment in Spain (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
| Germany | 72.4 | 109 | 71.8 | 89.6 | 45.3 | 48.2 | 45.2 | 58.3 | 69.5 | 59.2 | 78.5 | 73.7 | 99.7 |
| United Kingdom | 31.4 | 23.3 | 39.7 | 33.8 | 38.8 | 46.4 | 14.9 | 28.8 | 24.4 | 17.9 | 25.9 | 29.9 | 48.2 |
| Netherlands | 14.4 | 18.5 | 32.4 | 119 | 38.7 | 17.3 | 33.1 | 33.0 | 25.7 | 26.6 | 31.8 | 55.5 | 47.7 |
| Italy | 34.7 | 35.6 | 42.6 | 33.5 | 15.8 | 13.6 | 19.5 | 17.9 | 39.9 | 33.4 | 23.6 | 27.3 | 32.4 |
| Romania | 23.5 | 23.6 | N/A | 28.2 | 26.4 | 25.3 | 28.8 | 24.7 | 24.9 | 27.6 | 24.9 | 25.3 | 30.1 |
| China | 23.1 | 21.0 | 22.0 | 15.5 | 16.3 | 15.6 | 16.0 | 15.6 | 16.7 | 17.0 | 16.4 | 28.4 | 18.9 |
| Turkey | 21.0 | 18.5 | 15.9 | 20.3 | 20.1 | 18.9 | 18.8 | 20.7 | 26.3 | 24.8 | 21.0 | 17.4 | 18.8 |
| Egypt | 8.9 | 11.0 | N/A | 9.1 | 9.2 | 9.3 | 9.3 | 9.9 | 10.5 | 11.2 | 11.1 | 11.5 | 13.0 |
| Average | 30.0 | 34.9 | 26.7 | 19.0 | 17.4 | 16.5 | 17.6 | 18.5 | 22.7 | 25.5 | 22.2 | 40.2 | 32.5 |
Spain Electric Heating Equipment Imports
In April 2023, supplies from abroad of electric space heating apparatus and soil heating apparatus decreased by -34.9% to 65K units, falling for the seventh month in a row after four months of growth. In general, imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in July 2022 when imports increased by 236% against the previous month. Over the period under review, imports hit record highs at 1.6M units in September 2022; however, from October 2022 to April 2023, imports stood at a somewhat lower figure.
In value terms, electric heating equipment imports shrank dramatically to $2.1M (IndexBox estimates) in April 2023. Overall, imports saw a pronounced setback. The pace of growth appeared the most rapid in July 2022 when imports increased by 139% m-o-m. Imports peaked at 26M units in September 2022; however, from October 2022 to April 2023, imports stood at a somewhat lower figure.
Spain Electric Heating Equipment Imports by Type
In April 2023, electric radiators and convection heaters (65K units) was the main type of electric heating equipment supplied to Spain, with a 99.9% share of total imports. It was followed by electric storage heating radiators (24 units), with less than 0.1% share of total imports.
From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of import of electric radiators and convection heaters amounted to -3.3%.
In value terms, electric radiators and convection heaters ($2.1M) constituted the largest type of electric heating equipment supplied to Spain, comprising 100% of total imports. The second position in the ranking was held by electric storage heating radiators ($5.5K), with a 0.3% share of total imports.
Spain Electric Heating Equipment Imports by Country
Italy (19K units), China (15K units) and Egypt (7.7K units) were the main suppliers of electric heating equipment imports to Spain, together comprising 65% of total imports.
From April 2022 to April 2023, the biggest increases were in Egypt (with a CAGR of +25.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Italy ($620K) constituted the largest supplier of electric heating equipment to Spain, comprising 29% of total imports. The second position in the ranking was held by China ($288K), with a 14% share of total imports. It was followed by Germany, with a 12% share.
From April 2022 to April 2023, the average monthly growth rate of value from Italy stood at +3.4%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-7.2% per month) and Germany (+4.2% per month).
This report provides an in-depth analysis of the electric heating equipment market in Spain. 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
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
- Prodcom 27512690 - Other electric space heaters
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
