Switzerland: Electric Radiator Market 2024

Electric Radiator Market Size in Switzerland

The Swiss electric radiator market soared to $X in 2021, rising by 31% against the previous year. Overall, consumption posted resilient growth. Electric radiator consumption peaked in 2021 and is expected to retain growth in the near future.

Electric Radiator Production in Switzerland

In value terms, electric radiator production soared to $X in 2021 estimated in export price. In general, production posted a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 1,419% against the previous year. Electric radiator production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Electric Radiator Exports

Exports from Switzerland

In 2021, overseas shipments of electric radiators and convection heaters decreased by -5.9% to X units, falling for the third consecutive year after three years of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 58% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electric radiator exports reached $X in 2021. Overall, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.6% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of 54%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), Austria (X units) and Poland (X units) were the main destinations of electric radiator exports from Switzerland, with a combined 57% share of total exports. These countries were followed by Norway, France, the Czech Republic, the UK, Finland, the Netherlands, Belarus, Latvia, Russia and Italy, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric radiator exported from Switzerland were Poland ($X), Germany ($X) and Belarus ($X), with a combined 58% share of total exports. These countries were followed by the Czech Republic, Austria, France, the UK, Norway, Finland, the Netherlands, Italy, Russia and Latvia, which together accounted for a further 26%.

In terms of the main countries of destination, Latvia, with a CAGR of +36.8%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average electric radiator export price amounted to $X per unit, rising by 9.7% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric radiator export price increased by +140.3% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 40%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Latvia ($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 Italy (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Switzerland

After three years of decline, supplies from abroad of electric radiators and convection heaters increased by 17% to X units in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 38%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, electric radiator imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 radiator to Switzerland, with a 64% share of total imports. Moreover, electric radiator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Austria (X units) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.5% per year) and Austria (+11.2% per year).

In value terms, the largest electric radiator suppliers to Switzerland were China ($X), Germany ($X) and Malaysia ($X), with a combined 67% share of total imports.

Malaysia, with a CAGR of +19.4%, 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

The average electric radiator import price stood at $X per unit in 2021, increasing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2019 when the average import price increased by 12%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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 Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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