Belgium: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Belgium

The Belgian electric heating resistor market declined markedly to $X in 2021, with a decrease of -39.7% against the previous year. Over the period under review, consumption saw a perceptible decrease. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Electric Heating Resistor Production in Belgium

In value terms, electric heating resistor production reduced notably to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 58%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Electric Heating Resistor Exports

Exports from Belgium

In 2021, overseas shipments of electric heating resistors increased by 3.8% to X units, rising for the third year in a row after two years of decline. In general, exports, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 225% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electric heating resistor exports contracted significantly to $X in 2021. Overall, exports, however, continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 161% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X units), France (X units) and China (X units) were the main destinations of electric heating resistor exports from Belgium, together comprising 59% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +39.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric heating resistor exported from Belgium were Sweden ($X), Germany ($X) and France ($X), together accounting for 52% of total exports. These countries were followed by China, Finland, Poland, the Netherlands, the Czech Republic, the UK and Slovakia, which together accounted for a further 29%.

China, with a CAGR of +29.9%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average electric heating resistor export price amounted to $X per unit, falling by -21.8% against the previous year. In general, the export price, however, posted tangible growth. The growth pace was the most rapid in 2017 an increase of 44%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to China ($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 Germany (+21.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Belgium

In 2021, the amount of electric heating resistors imported into Belgium fell to X units, waning by -11.3% against the previous year. Overall, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2017 when imports increased by 79% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, electric heating resistor imports stood at $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 32% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of electric heating resistor imports to Belgium, with a combined 67% share of total imports. These countries were followed by France, Italy, the United States and Austria, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the largest electric heating resistor suppliers to Belgium, together comprising 56% of total imports. The Czech Republic, France, Italy and Austria lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +19.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric heating resistor import price stood at $X per unit in 2021, rising by 17% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric heating resistor import price increased by +131.8% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 52%. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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