Europe: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Europe

The Europe electric heating resistor market expanded sharply to $X in 2021, increasing by 6.9% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Electric Heating Resistor Production in Europe

In value terms, electric heating resistor production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 10% against the previous year. The level of production peaked in 2021 and is likely to see steady growth in the near future.

Electric Heating Resistor Exports

Exports in Europe

In 2021, shipments abroad of electric heating resistors was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor exports surged to $X in 2021. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units) and Romania (X units) represented the major exporters of electric heating resistors in 2021, recording near 19% and 18% of total exports, respectively. Italy (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Spain (8.3%), Germany (7.9%) and Sweden (4.8%). Serbia (X units), the Czech Republic (X units), Denmark (X units), France (X units), Hungary (X units), Austria (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +15.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest electric heating resistor supplier in Europe, comprising 22% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Poland, with an 11% share.

In Germany, electric heating resistor exports increased at an average annual rate of +4.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+3.3% per year) and Poland (+10.1% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, stabilizing at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 when the export price increased by 8.7%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Russia ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports in Europe

In 2021, after three years of decline, there was significant growth in overseas purchases of electric heating resistors, when their volume increased by 27% to X units. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of electric heating resistor imports in 2021 were Russia (X units), Italy (X units) and Germany (X units), together amounting to 49% of total import. Poland (X units) held the next position in the ranking, followed by France (X units), Spain (X units) and Romania (X units). All these countries together held approx. 20% share of total imports. The Czech Republic (X units), the UK (X units), Denmark (X units), the Netherlands (X units), Hungary (X units) and Slovakia (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric heating resistor importing markets in Europe were Germany ($X), Italy ($X) and Russia ($X), with a combined 38% share of total imports. These countries were followed by Poland, France, the Czech Republic, the Netherlands, Romania, the UK, Spain, Hungary, Denmark and Slovakia, which together accounted for a further 42%.

Romania, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, in terms of 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 Europe stood at $X per unit in 2021, declining by -3.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9.6%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform