Benelux: Electric Radiator Market 2025

Electric Radiator Market Size in Benelux

The Benelux electric radiator market surged to $X in 2021, increasing by 100% against the previous year. In general, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Radiator Production in Benelux

In value terms, electric radiator production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 39%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Electric Radiator Exports

Exports in Benelux

In 2021, the amount of electric radiators and convection heaters exported in Benelux rose significantly to X units, growing by 10% compared with the previous year's figure. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 124%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, electric radiator exports soared to $X in 2021. Over the period under review, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 150% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

The Netherlands represented the major exporter of electric radiators and convection heaters in Benelux, with the volume of exports reaching X units, which was approx. 72% of total exports in 2021. It was distantly followed by Belgium (X units), constituting a 28% share of total exports.

The Netherlands was also the fastest-growing in terms of the electric radiators and convection heaters exports, with a CAGR of +12.4% from 2012 to 2021. Belgium experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Netherlands increased by +25 percentage points.

In value terms, the Netherlands ($X) remains the largest electric radiator supplier in Benelux, comprising 79% of total exports. The second position in the ranking was held by Belgium ($X), with a 21% share of total exports.

In the Netherlands, electric radiator exports expanded at an average annual rate of +19.8% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, increasing by 8% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% 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 radiator export price increased by +60.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 33% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.6%).

Electric Radiator Imports

Imports in Benelux

In 2021, approx. X units of electric radiators and convection heaters were imported in Benelux; with an increase of 53% compared with 2020 figures. Over the period under review, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric radiator imports soared to $X in 2021. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 61%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X units) represented the largest importer of electric radiators and convection heaters, comprising 66% of total imports. It was distantly followed by Belgium (X units), constituting a 33% share of total imports.

The Netherlands was also the fastest-growing in terms of the electric radiators and convection heaters imports, with a CAGR of +12.3% from 2012 to 2021. At the same time, Belgium (+8.6%) displayed positive paces of growth. From 2012 to 2021, the share of the Netherlands increased by +7 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported electric radiators and convection heaters in Benelux, comprising 77% of total imports. The second position in the ranking was held by Belgium ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands stood at +20.8%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per unit, dropping by -2.6% against the previous year. Import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric radiator import price increased by +34.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Belgium amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%).

Source: IndexBox Platform