Luxembourg: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Luxembourg

In 2022, the Luxembourg electric heating equipment market increased by 20% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed resilient growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Electric Heating Equipment Production in Luxembourg

In value terms, electric heating equipment production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 995% against the previous year. Electric heating equipment production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Electric Heating Equipment Exports

Exports from Luxembourg

In 2022, approx. X units of electric space heating apparatus and soil heating apparatus were exported from Luxembourg; picking up by 179% on the previous year. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 901%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric heating equipment exports surged to $X in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 535% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X units), Germany (X units) and Belgium (X units) were the main destinations of electric heating equipment exports from Luxembourg, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +29.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) were the largest markets for electric heating equipment exported from Luxembourg worldwide, together comprising 94% of total exports.

In terms of the main countries of destination, France, with a CAGR of +34.2%, 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

In 2022, the average electric heating equipment export price amounted to $X per unit, jumping by 87% against the previous year. In general, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Belgium ($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 Germany (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Heating Equipment Imports

Imports into Luxembourg

In 2022, overseas purchases of electric space heating apparatus and soil heating apparatus increased by 14% to X units, rising for the second consecutive year after two years of decline. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 131% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, electric heating equipment imports surged to $X in 2022. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of 77% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Belgium (X units), Germany (X units) and China (X units) were the main suppliers of electric heating equipment imports to Luxembourg, together accounting for 82% of total imports. France, Italy, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +29.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) were the largest electric heating equipment suppliers to Luxembourg, with a combined 76% share of total imports. China, Italy, the Netherlands and Switzerland lagged somewhat behind, together accounting for a further 18%.

Italy, with a CAGR of +17.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, the average electric heating equipment import price amounted to $X per unit, growing by 11% against the previous year. In general, the import price, however, showed a abrupt downturn. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Switzerland ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :