Denmark: Electric Radiator Market 2025

Electric Radiator Market Size in Denmark

For the third year in a row, the Danish electric radiator market recorded growth in sales value, which increased by 58% to $X in 2021. Overall, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electric Radiator Production in Denmark

In value terms, electric radiator production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. Electric radiator production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electric Radiator Exports

Exports from Denmark

In 2021, electric radiator exports from Denmark dropped dramatically to X units, which is down by -17.9% on the previous year. Overall, exports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2016 with an increase of 48% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electric radiator exports surged to $X in 2021. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X units) was the main destination for electric radiator exports from Denmark, accounting for a 47% share of total exports. Moreover, electric radiator exports to Norway exceeded the volume sent to the second major destination, Sweden (X units), threefold. Iceland (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+7.1% per year) and Iceland (+55.9% per year).

In value terms, Norway ($X), Sweden ($X) and Germany ($X) constituted the largest markets for electric radiator exported from Denmark worldwide, together comprising 62% of total exports. Finland, Iceland, the Netherlands and Estonia lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Iceland, with a CAGR of +51.2%, saw the highest rates of growth with regard to the value of exports, 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 radiator export price amounted to $X per unit, picking up by 48% against the previous year. Over the period under review, the export price showed mild growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Estonia ($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 Sweden (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Denmark

In 2021, the amount of electric radiators and convection heaters imported into Denmark skyrocketed to X units, increasing by 20% on the previous year. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 44%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, electric radiator imports surged to $X in 2021. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of electric radiator imports to Denmark, with a combined 85% share of total imports. These countries were followed by Italy, Estonia, the Netherlands and Norway, which together accounted for a further 9.2%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +79.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Sweden ($X) were the largest electric radiator suppliers to Denmark, with a combined 75% share of total imports. These countries were followed by Italy, the Netherlands, Estonia and Norway, which together accounted for a further 10%.

Estonia, with a CAGR of +74.7%, saw the highest growth rate of 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

In 2021, the average electric radiator import price amounted to $X per unit, growing by 24% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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