Germany: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Germany

In 2021, after two years of decline, there was significant growth in the German electric heating resistor market, when its value increased by 26% to $X. The market value increased at an average annual rate of +6.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Heating Resistor Production in Germany

In value terms, electric heating resistor production stood at $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 9.7%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Electric Heating Resistor Exports

Exports from Germany

After three years of decline, shipments abroad of electric heating resistors increased by 8.4% to X units in 2021. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 16% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, electric heating resistor exports surged to $X in 2021. The total export value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern 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.

Exports by Country

France (X units), the United States (X units) and China (X units) were the main destinations of electric heating resistor exports from Germany, with a combined 27% share of total exports. These countries were followed by Slovakia, Poland, Spain, Austria, the Czech Republic, the UK, Italy, Russia, Belgium and Sweden, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +9.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and China ($X) were the largest markets for electric heating resistor exported from Germany worldwide, with a combined 32% share of total exports.

China, with a CAGR of +12.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, picking up by 8.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2019 when the average export price increased by 12% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sweden ($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 China (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Germany

In 2021, supplies from abroad of electric heating resistors increased by 24% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, electric heating resistor imports skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Serbia (X units), Italy (X units) and the Czech Republic (X units) were the main suppliers of electric heating resistor imports to Germany, together comprising 42% of total imports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +105.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Italy ($X) and China ($X) appeared to be the largest electric heating resistor suppliers to Germany, together comprising 39% of total imports.

In terms of the main suppliers, Serbia, with a CAGR of +106.5%, saw the highest rates of growth with regard to 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

The average electric heating resistor import price stood at $X per unit in 2021, surging by 7.7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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