Austria: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Austria

In 2021, the Austrian electric heating resistor market increased by 48% to $X, rising for the fourth year in a row after three years of decline. In general, consumption saw a measured expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Heating Resistor Production in Austria

In value terms, electric heating resistor production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 23%. Electric heating resistor production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Electric Heating Resistor Exports

Exports from Austria

In 2021, shipments abroad of electric heating resistors increased by 21% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a drastic downturn. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electric heating resistor exports surged to $X in 2021. In general, exports, however, recorded a slight shrinkage. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Turkey (X units) and Poland (X units) were the main destinations of electric heating resistor exports from Austria, with a combined 63% share of total exports. China, Spain, Italy, Russia, the United States and Slovakia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +47.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electric heating resistors exports from Austria, comprising 28% of total exports. The second position in the ranking was held by Turkey ($X), with a 9% share of total exports. It was followed by Poland, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-2.4% per year) and Poland (-13.9% per year).

Export Prices by Country

In 2021, the average electric heating resistor export price amounted to $X per unit, increasing by 4.2% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The pace of growth was the most pronounced in 2018 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Turkey ($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 Slovakia (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Austria

After two years of decline, supplies from abroad of electric heating resistors increased by 43% to X units in 2021. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2018; afterwards, it flattened through to 2021.

In value terms, electric heating resistor imports soared to $X in 2021. The total import value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electric heating resistor to Austria, with a 51% share of total imports. Moreover, electric heating resistor imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. Denmark (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.1% per year) and Denmark (+27.3% per year).

In value terms, Germany ($X) constituted the largest supplier of electric heating resistors to Austria, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.7% share of total imports. It was followed by Italy, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.9% per year) and Italy (+8.2% per year).

Import Prices by Country

In 2021, the average electric heating resistor import price amounted to $X per unit, surging by 7.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 7.6% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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