Netherlands: Electric Radiator Market 2024

Electric Radiator Market Size in the Netherlands

The Dutch electric radiator market surged to $X in 2021, rising by 109% 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 posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electric Radiator Exports

Exports from the Netherlands

In 2021, approx. X units of electric radiators and convection heaters were exported from the Netherlands; growing by 9.1% compared with 2020 figures. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 115% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, electric radiator exports surged to $X in 2021. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 125%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units) was the main destination for electric radiator exports from the Netherlands, with a 46% share of total exports. Moreover, electric radiator exports to Germany exceeded the volume sent to the second major destination, Belgium (X units), fivefold. The third position in this ranking was held by France (X units), with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+9.7% per year) and France (+9.7% per year).

In value terms, Germany ($X) remains the key foreign market for electric radiators and convection heaters exports from the Netherlands, comprising 51% of total exports. The second position in the ranking was held by Belgium ($X), with a 10% share of total exports. It was followed by Austria, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+16.1% per year) and Austria (+48.1% per year).

Export Prices by Country

The average electric radiator export price stood at $X per unit in 2021, picking up by 9.6% against the previous year. Overall, the export price recorded resilient growth. The growth pace was the most rapid in 2019 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to France ($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 Austria (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into the Netherlands

In 2021, approx. X units of electric radiators and convection heaters were imported into the Netherlands; picking up by 44% against 2020 figures. In general, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric radiator imports surged to $X in 2021. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric radiator to the Netherlands, with a 71% share of total imports. Moreover, electric radiator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by Belgium (X units), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.6% per year) and Belgium (+0.1% per year).

In value terms, China ($X), Germany ($X) and Malaysia ($X) constituted the largest electric radiator suppliers to the Netherlands, with a combined 83% share of total imports. These countries were followed by Ireland and Belgium, which together accounted for a further 8.9%.

In terms of the main suppliers, Ireland, with a CAGR of +56.6%, 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

In 2021, the average electric radiator import price amounted to $X per unit, growing by 8.2% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric radiator import price increased by +65.9% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 34% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+42.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :