Portugal: Market for Radiators for Central Heating (not Electrically Heated) 2024

Market Size for Radiators for Central Heating (not Electrically Heated) in Portugal

In 2022, the Portuguese non-electric central heating radiator market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Radiators for Central Heating (not Electrically Heated) in Portugal

In value terms, non-electric central heating radiator production rose modestly to $X in 2022 estimated in export price. In general, production saw a perceptible expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the near future.

Exports of Radiators for Central Heating (not Electrically Heated)

Exports from Portugal

In 2022, approx. X units of radiators for central heating (not electrically heated) were exported from Portugal; picking up by X% against the previous year's figure. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric central heating radiator exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Spain (X units) was the main destination for non-electric central heating radiator exports from Portugal, with a X% share of total exports. It was followed by France (X units), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Denmark (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for radiators for central heating (not electrically heated) exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Denmark (X% per year).

Export Prices by Country

The average non-electric central heating radiator export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Spain ($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 Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Radiators for Central Heating (not Electrically Heated)

Imports into Portugal

Non-electric central heating radiator imports into Portugal fell to X units in 2022, dropping by X% on 2021. Over the period under review, total imports indicated a slight increase 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 decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric central heating radiator imports reduced to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X units), Italy (X units) and Turkey (X units) were the main suppliers of non-electric central heating radiator imports to Portugal, with a combined X% share of total imports.

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

In value terms, Spain ($X), Italy ($X) and Turkey ($X) were the largest non-electric central heating radiator suppliers to Portugal, with a combined X% share of total imports.

In terms of the main suppliers, Turkey, 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 average non-electric central heating radiator import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Liberia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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