Czech Republic: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in the Czech Republic

In 2022, the Czech electric heating equipment market increased by 22% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption, however, recorded a mild expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Electric Heating Equipment Production in the Czech Republic

In value terms, electric heating equipment production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 156% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electric Heating Equipment Exports

Exports from the Czech Republic

In 2022, approx. X units of electric space heating apparatus and soil heating apparatus were exported from the Czech Republic; growing by 14% on 2021. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, electric heating equipment exports surged to $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Slovakia (X units), Germany (X units) and Hungary (X units) were the main destinations of electric heating equipment exports from the Czech Republic, together comprising 60% of total exports. Poland, the Netherlands, Austria, Bulgaria, Romania, France and Greece lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +38.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electric space heating apparatus and soil heating apparatus exports from the Czech Republic, comprising 39% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Slovakia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+34.4% per year) and Slovakia (+6.6% per year).

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2022, surging by 8% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 decreased by +0.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 24%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports into the Czech Republic

In 2022, the amount of electric space heating apparatus and soil heating apparatus imported into the Czech Republic contracted to X units, falling by -8.3% on the year before. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, electric heating equipment imports skyrocketed to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric heating equipment to the Czech Republic, with a 66% share of total imports. Moreover, electric heating equipment imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sevenfold. The third position in this ranking was taken by France (X units), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.2% per year) and France (+8.5% per year).

In value terms, China ($X) constituted the largest supplier of electric space heating apparatus and soil heating apparatus to the Czech Republic, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.7% per year) and France (+9.5% per year).

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, jumping by 26% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 import price increased by +53.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Ireland (+49.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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