Eastern Europe: Electric Radiator Market 2025

Electric Radiator Market Size in Eastern Europe

In 2021, the East European electric radiator market increased by 35% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Radiator Production in Eastern Europe

In value terms, electric radiator production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Electric Radiator Exports

Exports in Eastern Europe

In 2021, after two years of decline, there was significant growth in overseas shipments of electric radiators and convection heaters, when their volume increased by 36% to X units. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric radiator exports skyrocketed to $X in 2021. Overall, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X units) and Poland (X units) represented the main exporters of electric radiators and convection heaters in 2021, accounting for near 22% and 21% of total exports, respectively. Ukraine (X units) held the next position in the ranking, followed by Russia (X units), Romania (X units) and Bulgaria (X units). All these countries together held approx. 38% share of total exports. Hungary (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest electric radiator supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Russia ($X), together accounting for 58% of total exports. These countries were followed by Ukraine, Romania, Bulgaria and Hungary, which together accounted for a further 27%.

In terms of the main exporting countries, Hungary, with a CAGR of +16.3%, recorded 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

The export price in Eastern Europe stood at $X per unit in 2021, rising by 2.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 14%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.8%), while the other leaders experienced more modest paces of growth.

Electric Radiator Imports

Imports in Eastern Europe

In 2021, overseas purchases of electric radiators and convection heaters were finally on the rise to reach X units after two years of decline. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, electric radiator imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +117.2% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the largest importing country with an import of about X units, which finished at 49% of total imports. Poland (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (6.4%), Romania (5.4%), Hungary (5.4%), Ukraine (4.7%) and the Czech Republic (4.6%). Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electric radiator imports into Russia stood at +10.7%. At the same time, Belarus (+20.0%), Poland (+12.7%), Hungary (+11.0%), Slovakia (+10.3%) and Ukraine (+3.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +20.0% from 2012-2021. Romania experienced a relatively flat trend pattern. By contrast, the Czech Republic (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Poland and Belarus increased by +11, +4.5 and +4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported electric radiators and convection heaters in Eastern Europe, comprising 37% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by the Czech Republic, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +4.2%. In the other countries, the average annual rates were as follows: Poland (+14.6% per year) and the Czech Republic (+4.8% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, picking up by 12% against the previous year. In general, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2020 when the import price increased by 16%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :