EU: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in the EU

In 2022, the EU electric heating equipment market increased by 8.2% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Electric Heating Equipment Production in the EU

In value terms, electric heating equipment production soared to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The level of production peaked at $X in 2013; afterwards, it flattened through to 2022.

Electric Heating Equipment Exports

Exports in the EU

After two years of growth, shipments abroad of electric space heating apparatus and soil heating apparatus decreased by -1.8% to X units in 2022. The total export volume increased at an average annual rate of +3.6% 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 2016 with an increase of 17% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell modestly in the following year.

In value terms, electric heating equipment exports declined to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.0% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Germany was the major exporter of electric space heating apparatus and soil heating apparatus in the European Union, with the volume of exports recording X units, which was near 41% of total exports in 2022. It was distantly followed by the Netherlands (X units), Italy (X units), Spain (X units), Poland (X units) and the Czech Republic (X units), together making up a 36% share of total exports. The following exporters - Lithuania (X units), France (X units), Sweden (X units), Belgium (X units) and Austria (X units) - together made up 15% of total exports.

Exports from Germany increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, Spain (+12.8%), the Netherlands (+11.1%), Lithuania (+8.8%), Poland (+7.7%), the Czech Republic (+5.8%), Austria (+5.4%), Sweden (+4.8%) and Italy (+2.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +12.8% from 2012-2022. France experienced a relatively flat trend pattern. By contrast, Belgium (-7.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Spain increased by +6.2 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric heating equipment supplying countries in the European Union were Germany ($X), Italy ($X) and the Netherlands ($X), together comprising 48% of total exports.

The Netherlands, with a CAGR of +16.0%, 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 the European Union stood at $X per unit in 2022, with a decrease of -4.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 8% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Germany ($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 the EU

In 2022, overseas purchases of electric space heating apparatus and soil heating apparatus increased by 0.6% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +29.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, electric heating equipment imports stood at $X in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units), distantly followed by France (X units), the Netherlands (X units), Italy (X units), Spain (X units) and Poland (X units) were the largest importers of electric space heating apparatus and soil heating apparatus, together comprising 73% of total imports. Sweden (X units), Belgium (X units), the Czech Republic (X units), Hungary (X units), Portugal (X units), Austria (X units) and Slovakia (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together accounting for 53% of total imports.

The Netherlands, with a CAGR of +17.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, rising by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 an increase of 14%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per unit), while Italy ($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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