Poland: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Poland

In 2021, the Polish electric heating resistor market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a resilient increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Electric Heating Resistor Production in Poland

In value terms, electric heating resistor production soared to $X in 2021 estimated in export price. In general, production saw a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Electric Heating Resistor Exports

Exports from Poland

In 2021, shipments abroad of electric heating resistors increased by 15% to X units, rising for the seventh consecutive year after two years of decline. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2016 when exports increased by 42%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, electric heating resistor exports soared to $X in 2021. Overall, exports showed a strong expansion. The growth pace was the most rapid in 2019 when exports increased by 55%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X units), Spain (X units) and Italy (X units) were the main destinations of electric heating resistor exports from Poland, together comprising 74% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +86.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electric heating resistors exports from Poland, comprising 27% of total exports. The second position in the ranking was held by Sweden ($X), with a 9.1% share of total exports. It was followed by Denmark, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+9.0% per year) and Denmark (+0.3% per year).

Export Prices by Country

The average electric heating resistor export price stood at $X per unit in 2021, surging by 11% against the previous year. In general, the export price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2013 an increase of 37%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Spain ($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 Denmark (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Poland

In 2021, purchases abroad of electric heating resistors increased by 22% to X units, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports surged to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +51.0% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric heating resistor to Poland, with a 32% share of total imports. Moreover, electric heating resistor imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), twofold. Germany (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+29.5% per year) and Germany (+4.9% per year).

In value terms, the largest electric heating resistor suppliers to Poland were Italy ($X), Germany ($X) and China ($X), with a combined 67% share of total imports. Slovenia, Austria, Turkey, Romania, Sweden and the Czech Republic lagged somewhat behind, together accounting for a further 20%.

Slovenia, with a CAGR of +23.4%, 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 resistor import price amounted to $X per unit, remaining stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Turkey ($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 (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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