Report Update Nov 1, 2024

Ireland - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in Ireland

The Irish electric heating radiator market dropped remarkably to $X in 2021, shrinking by -24.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a slight expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Electric Heating Radiator Exports

Exports from Ireland

In 2021, shipments abroad of electric storage heating radiators was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a dramatic slump. The growth pace was the most rapid in 2017 with an increase of 5,534% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric heating radiator exports shrank to $X in 2021. Overall, exports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by 8,369%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for electric heating radiator exports from Ireland, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +56.1%.

In value terms, the UK ($X) also remains the key foreign market for electric storage heating radiators exports from Ireland.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +53.0%.

Export Prices by Country

In 2021, the average electric heating radiator export price amounted to $X per unit, which is down by -29.5% against the previous year. In general, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 51% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +5.4% per year.

Electric Heating Radiator Imports

Imports into Ireland

In 2021, electric heating radiator imports into Ireland fell sharply to X units, shrinking by -36.6% on 2020 figures. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 75%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, electric heating radiator imports shrank to $X in 2021. Over the period under review, imports, however, showed measured growth. The pace of growth appeared the most rapid in 2017 when imports increased by 66%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The UK (X units), China (X units) and France (X units) were the main suppliers of electric heating radiator imports to Ireland, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +42.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric heating radiator suppliers to Ireland were the UK ($X), China ($X) and France ($X), together comprising 95% of total imports. Spain lagged somewhat behind, comprising a further 3.8%.

Spain, with a CAGR of +41.0%, 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

In 2021, the average electric heating radiator import price amounted to $X per unit, with an increase of 49% against the previous year. Overall, the import price recorded strong growth. The pace of growth appeared the most rapid in 2020 an increase of 107%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

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 Spain ($X per unit), while the price for France ($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 (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric storage heating radiators in the world?

The country with the largest volume of electric heating radiator consumption was China, accounting for 33% of total volume. Moreover, electric heating radiator consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. India ranked third in terms of total consumption with a 7% share.

What are the largest producers of electric storage heating radiators in the world?

China remains the largest electric heating radiator producing country worldwide, comprising approx. 44% of total volume. Moreover, electric heating radiator production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Germany, with a 4% share.

What are the leading suppliers of electric storage heating radiators to Ireland?

In value terms, the UK constituted the largest supplier of electric heating radiator to Ireland.

What are the leading importers of electric storage heating radiators from Ireland?

In value terms, the UK remains the key foreign market for electric heating radiator exports from Ireland.

What is the average export price for electric storage heating radiators in Ireland?

In 2020, the average electric heating radiator export price amounted to $37 per unit, dropping by -50% against the previous year.

What is the average import price for electric storage heating radiators in Ireland?

In 2020, the average electric heating radiator import price amounted to $73 per unit, surging by 15% against the previous year.

This report provides an in-depth analysis of the electric heating radiator market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27512630 - Electric storage heating radiators

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023