Switzerland: Electric Heating Radiator Market 2024

Electric Heating Radiator Market Size in Switzerland

The Swiss electric heating radiator market surged to $X in 2021, growing by 21% 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). Overall, consumption, however, recorded a abrupt decline. Electric heating radiator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Heating Radiator Exports

Exports from Switzerland

In 2021, electric heating radiator exports from Switzerland shrank remarkably to X units, with a decrease of -80.4% compared with 2020 figures. Overall, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 633% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric heating radiator exports shrank markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 112%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

Austria (X units) was the main destination for electric heating radiator exports from Switzerland, with a 53% share of total exports. Moreover, electric heating radiator exports to Austria exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was held by Germany (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Austria stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.1% per year) and Germany (-23.6% per year).

In value terms, Austria ($X) emerged as the key foreign market for electric storage heating radiators exports from Switzerland, comprising 67% of total exports. The second position in the ranking was taken by Italy ($X), with a 12% share of total exports. It was followed by Germany, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria amounted to -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.2% per year) and Germany (-14.4% per year).

Export Prices by Country

The average electric heating radiator export price stood at $X per unit in 2021, growing by 117% against the previous year. Over the period under review, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 215% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Italy ($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 Poland (+1,612.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Radiator Imports

Imports into Switzerland

Electric heating radiator imports into Switzerland surged to X units in 2021, jumping by 15% on 2020 figures. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 71%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric heating radiator imports rose remarkably to $X in 2021. In general, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2019 when imports increased by 25% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Lithuania (X units), Germany (X units) and China (X units) were the main suppliers of electric heating radiator imports to Switzerland, with a combined 86% share of total imports. These countries were followed by the UK, Italy and France, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +54.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of electric storage heating radiators to Switzerland, comprising 46% of total imports. The second position in the ranking was held by Lithuania ($X), with a 14% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+10.6% per year) and China (+5.4% per year).

Import Prices by Country

In 2021, the average electric heating radiator import price amounted to $X per unit, dropping by -3.1% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.8% 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 heating radiator import price increased by +65.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 73%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

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 France ($X per unit), while the price for Lithuania ($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 (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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