Luxembourg: Electric Radiator Market 2024

Electric Radiator Market Size in Luxembourg

The Luxembourg electric radiator market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted a prominent expansion. Electric radiator consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Electric Radiator Production in Luxembourg

In value terms, electric radiator production fell rapidly to $X in 2021 estimated in export price. In general, production recorded a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 871% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Electric Radiator Exports

Exports from Luxembourg

In 2021, overseas shipments of electric radiators and convection heaters decreased by -49.2% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by 962% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electric radiator exports fell significantly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 651%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for electric radiator exports from Luxembourg, with a 74% share of total exports. Moreover, electric radiator exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X units), ninefold. Germany (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+16.7% per year) and Germany (-13.0% per year).

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the largest markets for electric radiator exported from Luxembourg worldwide, with a combined 86% share of total exports. These countries were followed by the Netherlands and the UK, which together accounted for a further 5.8%.

Among the main countries of destination, the Netherlands, with a CAGR of +10.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2021, reducing by -20.1% against the previous year. Overall, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 63%. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Luxembourg

In 2021, after two years of decline, there was significant growth in supplies from abroad of electric radiators and convection heaters, when their volume increased by 29% to X units. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 161%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric radiator imports surged to $X in 2021. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2018 with an increase of 97%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Belgium (X units) constituted the largest electric radiator supplier to Luxembourg, with a 63% share of total imports. Moreover, electric radiator imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.5% per year) and the Netherlands (+19.0% per year).

In value terms, the largest electric radiator suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined 88% share of total imports. The Czech Republic, Italy, the Netherlands and China lagged somewhat behind, together comprising a further 9.6%.

The Czech Republic, with a CAGR of +53.4%, recorded the highest growth rate of 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 radiator import price amounted to $X per unit, with an increase of 13% against the previous year. In general, the import price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2013 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 France ($X per unit), while the price for Belgium ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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