Germany: Radiator Market 2024

Radiator Market Size in Germany

For the third year in a row, the German radiator market recorded growth in sales value, which increased by 6.7% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Radiator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radiator Production in Germany

In value terms, radiator production rose modestly to $X in 2022 estimated in export price. In general, production showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Radiator Exports

Exports from Germany

In 2022, exports of radiators for central heating (not electrically heated) from Germany contracted remarkably to X tons, with a decrease of -22% on 2021 figures. Over the period under review, exports recorded a perceptible setback. The growth pace was the most rapid in 2021 with an increase of 20%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, radiator exports dropped to $X in 2022. In general, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Italy (X tons) and Austria (X tons) were the main destinations of radiator exports from Germany, with a combined 42% share of total exports. Poland, Russia, Belgium, the Netherlands, the Czech Republic, the UK, Luxembourg, Romania, Ukraine and China lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +11.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Austria ($X) constituted the largest markets for radiator exported from Germany worldwide, with a combined 37% share of total exports. Russia, Poland, Belgium, the UK, the Netherlands, the Czech Republic, Luxembourg, Ukraine, Romania and China lagged somewhat behind, together accounting for a further 46%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +6.9%, 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 radiator export price stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Radiator Imports

Imports into Germany

In 2022, supplies from abroad of radiators for central heating (not electrically heated) increased by 2.8% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 12%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, radiator imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

Poland (X tons), Italy (X tons) and the Czech Republic (X tons) were the main suppliers of radiator imports to Germany, together comprising 65% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +10.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radiator suppliers to Germany were Poland ($X), the Czech Republic ($X) and Italy ($X), with a combined 64% share of total imports.

The Czech Republic, with a CAGR of +6.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average radiator import price stood at $X per ton in 2022, falling by -6.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 9.6%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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