Finland: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in Finland

The Finnish electric heating resistor market surged to $X in 2021, with an increase of 28% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +103.7% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Heating Resistor Production in Finland

In value terms, electric heating resistor production surged to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 32%. Electric heating resistor production peaked in 2021 and is expected to retain growth in the near future.

Electric Heating Resistor Exports

Exports from Finland

After two years of decline, shipments abroad of electric heating resistors increased by 6.2% to X units in 2021. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 18% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric heating resistor exports skyrocketed to $X in 2021. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of electric heating resistor exports from Finland, together comprising 67% of total exports. These countries were followed by Switzerland, Portugal, Russia, the Netherlands, Estonia, China and the UK, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +48.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric heating resistor exported from Finland were the Czech Republic ($X), Germany ($X) and Switzerland ($X), together comprising 60% of total exports. Sweden, the Netherlands, Portugal, Estonia, China, the UK and Russia lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Portugal, with a CAGR of +65.5%, saw the highest growth rate of 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 average electric heating resistor export price stood at $X per unit in 2021, increasing by 18% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric heating resistor export price increased by +93.2% against 2015 indices. The growth pace was the most rapid in 2020 when the average export price increased by 18% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Russia ($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 Portugal (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Finland

In 2021, supplies from abroad of electric heating resistors increased by 19% to X units for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2017 with an increase of 25%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, electric heating resistor imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; 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

Poland (X units), China (X units) and the Czech Republic (X units) were the main suppliers of electric heating resistor imports to Finland, together accounting for 46% of total imports. Sweden, Germany, Denmark, Estonia, India, Romania, Turkey and the United States lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +27.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric heating resistor suppliers to Finland were Germany ($X), Denmark ($X) and Poland ($X), with a combined 41% share of total imports.

Among the main suppliers, Denmark, with a CAGR of +33.5%, 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 2021, the average electric heating resistor import price amounted to $X per unit, growing by 5.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2018 an increase of 11%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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