Eastern Europe: Electric Heating Equipment Market 2024

Electric Heating Equipment Market Size in Eastern Europe

In 2022, the East European electric heating equipment market increased by X% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption, however, saw a slight contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Electric Heating Equipment Production in Eastern Europe

In value terms, electric heating equipment production stood at $X in 2022 estimated in export price. In general, production showed a pronounced slump. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Electric Heating Equipment Exports

Exports in Eastern Europe

Electric heating equipment exports dropped remarkably to X units in 2022, with a decrease of X% on 2021. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then declined remarkably in the following year.

In value terms, electric heating equipment exports expanded modestly to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Poland (X units) and the Czech Republic (X units) were the major exporters of electric space heating apparatus and soil heating apparatus in 2022, amounting to near X% and X% of total exports, respectively. Russia (X units) ranks next in terms of the total exports with a X% share, followed by Romania (X%), Ukraine (X%), Lithuania (X%) and Bulgaria (X%).

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest electric heating equipment supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Lithuania ($X), with a combined X% share of total exports.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, 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 2022, the export price in Eastern Europe amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports in Eastern Europe

In 2022, purchases abroad of electric space heating apparatus and soil heating apparatus increased by X% to X units, rising for the second year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, electric heating equipment imports expanded rapidly to $X in 2022. In general, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia represented the main importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Poland (X units), Ukraine (X units), Slovakia (X units), Hungary (X units), Belarus (X units) and the Czech Republic (X units), together mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric heating equipment imports into Russia stood at X%. At the same time, Slovakia (X%), Belarus (X%), Ukraine (X%), Poland (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Ukraine (X p.p.), Slovakia (X p.p.), Poland (X p.p.), Russia (X p.p.), Belarus (X p.p.) and Hungary (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.) displayed negative dynamics.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Slovakia, Hungary, Ukraine and Belarus lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Slovakia, with a CAGR of X%, saw 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

The import price in Eastern Europe stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices hit record highs 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 destination: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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