Germany: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in Germany

For the third consecutive year, the German electric heating equipment market recorded growth in sales value, which increased by 41% to $X in 2022. In general, consumption saw perceptible growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Electric Heating Equipment Production in Germany

In value terms, electric heating equipment production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +62.0% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Electric Heating Equipment Exports

Exports from Germany

In 2022, overseas shipments of electric space heating apparatus and soil heating apparatus increased by 3% to X units for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, electric heating equipment exports dropped to $X in 2022. Overall, exports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 when exports increased by 11%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for electric heating equipment exports from Germany, with a 26% share of total exports. Moreover, electric heating equipment exports to the Czech Republic exceeded the volume sent to the second major destination, Slovakia (X units), threefold. Spain (X units) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+19.9% per year) and Spain (+8.0% per year).

In value terms, the largest markets for electric heating equipment exported from Germany were the Czech Republic ($X), Austria ($X) and the Netherlands ($X), with a combined 28% share of total exports. Poland, France, the United States, Spain, Italy, Belgium, Slovakia, Hungary, Romania and Portugal lagged somewhat behind, together comprising a further 44%.

Italy, with a CAGR of +13.4%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average electric heating equipment export price amounted to $X per unit, which is down by -11.8% against the previous year. In general, the export price saw a perceptible descent. The growth pace was the most rapid in 2020 when the average export price increased by 16%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports into Germany

In 2022, overseas purchases of electric space heating apparatus and soil heating apparatus increased by 25% to X units, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +36.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating equipment imports soared to $X in 2022. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electric heating equipment supplier to Germany, accounting for a 79% share of total imports. Moreover, electric heating equipment imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was held by Turkey (X units), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.3% per year) and Turkey (+28.8% per year).

In value terms, China ($X) constituted the largest supplier of electric space heating apparatus and soil heating apparatus to Germany, comprising 65% of total imports. The second position in the ranking was held by Turkey ($X), with a 4.1% share of total imports. It was followed by the UK, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.7% per year) and the UK (+14.2% per year).

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, approximately equating the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric heating equipment import price increased by +80.5% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 26%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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