Ireland: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Ireland

After two years of growth, the Irish electric heating resistor market decreased by -9.3% to $X in 2021. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% 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 decreased by -2.3% against 2017 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced in the following year.

Electric Heating Resistor Production in Ireland

In value terms, electric heating resistor production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.4% against 2017 indices. The growth pace was the most rapid in 2017 when the production volume increased by 36%. Electric heating resistor production peaked at $X in 2020, and then dropped in the following year.

Electric Heating Resistor Exports

Exports from Ireland

For the third year in a row, Ireland recorded decline in overseas shipments of electric heating resistors, which decreased by -49.7% to X units in 2021. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 199% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric heating resistor exports contracted remarkably to $X in 2021. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by 145% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), the UK (X units) and South Korea (X units) were the main destinations of electric heating resistor exports from Ireland, together accounting for 70% of total exports. Sweden, Saudi Arabia, Germany and Romania lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +517.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the UK ($X) constituted the largest markets for electric heating resistor exported from Ireland worldwide, with a combined 75% share of total exports. South Korea, Sweden, Saudi Arabia and Romania lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +519.1%, 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, falling by -4.1% against the previous year. In general, the export price, however, posted perceptible growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 134% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 Germany (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Ireland

For the third year in a row, Ireland recorded decline in supplies from abroad of electric heating resistors, which decreased by -8.5% to X units in 2021. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 91%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electric heating resistor imports reached $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.2% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 49%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), China (X units) and Italy (X units) were the main suppliers of electric heating resistor imports to Ireland, together accounting for 72% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +45.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric heating resistor suppliers to Ireland were the United States ($X), the UK ($X) and Belgium ($X), with a combined 60% share of total imports. These countries were followed by China, Germany, Italy and Sweden, which together accounted for a further 24%.

In terms of the main suppliers, Italy, with a CAGR of +29.6%, recorded 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

The average electric heating resistor import price stood at $X per unit in 2021, increasing by 15% against the previous year. Over the period under review, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 59%. The import price peaked in 2021 and is likely to see gradual 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 ($X per unit), while the price for China ($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 United States (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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