Ukraine: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Ukraine

The Ukrainian electric heating equipment market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Heating Equipment Production in Ukraine

In value terms, electric heating equipment production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 39% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Electric Heating Equipment Exports

Exports from Ukraine

Electric heating equipment exports from Ukraine dropped dramatically to X units in 2022, which is down by -25.3% on the previous year's figure. In general, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of X units, and then fell significantly in the following year.

In value terms, electric heating equipment exports fell to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

Poland (X units) was the main destination for electric heating equipment exports from Ukraine, with a 46% share of total exports. Moreover, electric heating equipment exports to Poland exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was held by the Czech Republic (X units), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland amounted to +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+81.1% per year) and the Czech Republic (+16.2% per year).

In value terms, Poland ($X), Germany ($X) and Lithuania ($X) appeared to be the largest markets for electric heating equipment exported from Ukraine worldwide, together accounting for 63% of total exports. Romania, the Czech Republic, Hungary, the UK, Bulgaria, Croatia, Austria, Russia, France and Belarus lagged somewhat behind, together accounting for a further 26%.

Austria, with a CAGR of +162.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2022, growing by 31% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric heating equipment export price increased by +97.7% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports into Ukraine

In 2022, purchases abroad of electric space heating apparatus and soil heating apparatus increased by 194% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric heating equipment imports skyrocketed to $X in 2022. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric heating equipment to Ukraine, with a 84% share of total imports. Moreover, electric heating equipment imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+21.9% per year) and Bulgaria (+52.0% per year).

In value terms, China ($X) constituted the largest supplier of electric space heating apparatus and soil heating apparatus to Ukraine, comprising 73% of total imports. The second position in the ranking was held by Turkey ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.9% per year) and Bulgaria (+35.2% per year).

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, which is down by -27.3% against the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 42%. The import price peaked at $X per unit in 2012; however, from 2013 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 Bulgaria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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