Eastern Europe: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Eastern Europe

The East European electric heating equipment market totaled $X in 2022, surging by 14% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Electric Heating Equipment Production in Eastern Europe

In value terms, electric heating equipment production expanded slightly to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 29%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electric Heating Equipment Exports

Exports in Eastern Europe

After six years of growth, overseas shipments of electric space heating apparatus and soil heating apparatus decreased by -7.4% to X units in 2022. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 41%. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, electric heating equipment exports rose slightly to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 39%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

The shipments of the three major exporters of electric space heating apparatus and soil heating apparatus, namely Poland, the Czech Republic and Lithuania, represented more than half of total export. Ukraine (X units) ranks next in terms of the total exports with an 8.7% share, followed by Russia (8.6%) and Romania (5.4%). Bulgaria (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +10.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Lithuania ($X) were the countries with the highest levels of exports in 2022, with a combined 62% share of total exports.

The Czech Republic, with a CAGR of +12.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 2022, surging by 9.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 10%. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.6%), while the other leaders experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports in Eastern Europe

In 2022, supplies from abroad of electric space heating apparatus and soil heating apparatus increased by 8.6% to X units, rising for the second year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% 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 +44.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 33% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, electric heating equipment imports expanded slightly to $X in 2022. Overall, imports enjoyed measured growth. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Russia (X units) was the main importer of electric space heating apparatus and soil heating apparatus, mixing up 35% of total imports. Poland (X units) held the second position in the ranking, followed by Ukraine (X units), the Czech Republic (X units), Hungary (X units), Belarus (X units) and Slovakia (X units). All these countries together held approx. 54% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belarus (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric heating equipment importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together accounting for 58% of total imports. Hungary, Slovakia, Ukraine and Belarus lagged somewhat behind, together accounting for a further 25%.

In terms of the main importing countries, Hungary, with a CAGR of +16.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, dropping by -3.9% against the previous year. Over the period under review, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2020 when the import price increased by 21% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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