Belgium: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Belgium

The Belgian electric heating equipment market contracted significantly to $X in 2022, which is down by -25.4% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then dropped rapidly in the following year.

Electric Heating Equipment Production in Belgium

In value terms, electric heating equipment production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Electric Heating Equipment Exports

Exports from Belgium

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus decreased by -51.1% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 364%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, electric heating equipment exports shrank markedly to $X in 2022. In general, exports saw a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 228%. The exports peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main destinations of electric heating equipment exports from Belgium, together comprising 75% of total exports. The Czech Republic, Poland, Luxembourg and Italy lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for electric space heating apparatus and soil heating apparatus exports from Belgium, comprising 45% of total exports. The second position in the ranking was taken by Germany ($X), with a 14% share of total exports. It was followed by France, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.0% per year) and France (-14.1% per year).

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2022, with an increase of 15% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric heating equipment export price increased by +28.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 42%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports into Belgium

After six years of growth, purchases abroad of electric space heating apparatus and soil heating apparatus decreased by -57.2% to X units in 2022. In general, imports saw a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, electric heating equipment imports dropped notably to $X in 2022. Overall, imports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2020 when imports increased by 66% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric heating equipment to Belgium, with a 52% share of total imports. Moreover, electric heating equipment imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was taken by Germany (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+6.1% per year) and Germany (+7.0% per year).

In value terms, China ($X), the Netherlands ($X) and France ($X) were the largest electric heating equipment suppliers to Belgium, with a combined 67% share of total imports. Germany, Turkey and the United States lagged somewhat behind, together accounting for a further 17%.

Turkey, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 equipment import price stood at $X per unit in 2022, increasing by 75% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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