Luxembourg: Radiator Market 2025

Radiator Market Size in Luxembourg

The Luxembourg radiator market shrank to $X in 2022, which is down by -12.7% 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). Over the period under review, consumption saw a mild descent. Radiator consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Radiator Exports

Exports from Luxembourg

Radiator exports from Luxembourg shrank modestly to X tons in 2022, flattening at 2021. Over the period under review, exports, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2013 with an increase of 99% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, radiator exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 43% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of radiator exports from Luxembourg, together comprising 99% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +10.6%), while the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) remains the key foreign market for radiators for central heating (not electrically heated) exports from Luxembourg, comprising 58% of total exports. The second position in the ranking was held by France ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.8% per year) and Germany (+13.1% per year).

Export Prices by Country

The average radiator export price stood at $X per ton in 2022, surging by 23% against the previous year. Overall, the export price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Germany ($X per ton), while the average price for exports to France ($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 Germany (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Radiator Imports

Imports into Luxembourg

In 2022, approx. X tons of radiators for central heating (not electrically heated) were imported into Luxembourg; declining by -16.5% on 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 67%. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, radiator imports fell to $X in 2022. Overall, imports recorded a perceptible descent. The growth pace was the most rapid in 2021 when imports increased by 51%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of radiator imports to Luxembourg, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +24.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radiator suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), with a combined 91% share of total imports. The Czech Republic, the Netherlands and Turkey lagged somewhat behind, together accounting for a further 3%.

Among the main suppliers, the Czech Republic, with a CAGR of +20.6%, saw the highest rates of growth with regard to 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

In 2022, the average radiator import price amounted to $X per ton, with an increase of 6% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :