Czech Republic: Electric Radiator Market 2024

Electric Radiator Market Size in the Czech Republic

In 2021, the Czech electric radiator market increased by 11% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a deep setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Electric Radiator Production in the Czech Republic

In value terms, electric radiator production soared to $X in 2021 estimated in export price. Over the period under review, production posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 166%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Electric Radiator Exports

Exports from the Czech Republic

Electric radiator exports from the Czech Republic skyrocketed to X units in 2021, picking up by 23% compared with the previous year. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +20.1% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 33%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, electric radiator exports soared to $X in 2021. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of 28%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X units), Germany (X units) and Hungary (X units) were the main destinations of electric radiator exports from the Czech Republic, together accounting for 62% of total exports. These countries were followed by Poland, the Netherlands, Austria, Russia, Romania, Turkey, France, Greece and Bulgaria, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +49.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electric radiators and convection heaters exports from the Czech Republic, comprising 37% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+4.5% per year) and the Netherlands (+29.8% per year).

Export Prices by Country

In 2021, the average electric radiator export price amounted to $X per unit, picking up by 2.6% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% 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 decreased by -10.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Greece ($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 France (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into the Czech Republic

In 2021, the amount of electric radiators and convection heaters imported into the Czech Republic reached X units, increasing by 13% compared with the previous year's figure. Over the period under review, imports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2014 with an increase of 17%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, electric radiator imports surged to $X in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Ukraine (X units) were the main suppliers of electric radiator imports to the Czech Republic, with a combined 68% share of total imports. These countries were followed by France, the Netherlands, Slovakia, Poland and Ireland, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +43.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric radiator suppliers to the Czech Republic were Germany ($X), China ($X) and France ($X), with a combined 56% share of total imports. Poland, Ukraine, the Netherlands, Slovakia and Ireland lagged somewhat behind, together accounting for a further 15%.

Slovakia, with a CAGR of +29.3%, saw 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 radiator import price stood at $X per unit in 2021, surging by 13% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 66% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :