United Kingdom - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Heating Radiator Price in the UK - 2023
Contents:
- Electric Heating Radiator Price in the UK (CIF) - 2022
- Electric Heating Radiator Price in the UK (FOB) - 2022
- Electric Heating Radiator Imports in the UK
- Electric Heating Radiator Exports in the UK
Electric Heating Radiator Price in the UK (CIF) - 2022
In 2022, the average electric heating radiator import price amounted to $86 per unit, growing by 64% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. Over the period under review, average import prices attained the peak figure at $127 per unit in 2013; however, from 2014 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 Germany ($229 per unit), while the price for the Czech Republic ($6.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Heating Radiator Price in the UK (FOB) - 2022
The average electric heating radiator export price stood at $93 per unit in 2022, surging by 19% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric heating radiator export price decreased by -34.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 41%. The export price peaked at $141 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($284 per unit), while the average price for exports to France ($24 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 Poland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Heating Radiator Imports in the UK
After three years of growth, overseas purchases of electric storage heating radiators decreased by -54.8% to 319K units in 2022. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports reached the peak of 706K units, and then declined dramatically in the following year.
In value terms, electric heating radiator imports fell significantly to $27M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports reached the peak of $37M, and then dropped notably in the following year.
Import of Electric Heating Radiator in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 6.2 | 5.7 | 7.6 | 9.6 | 15.7% |
China | 4.6 | 4.1 | 9.5 | 8.5 | 22.7% |
Spain | 7.6 | 11.2 | 17.2 | 6.5 | -5.1% |
Lithuania | N/A | N/A | N/A | 0.9 | 0% |
Turkey | 0.4 | 1.0 | 0.8 | 0.8 | 26.0% |
Czech Republic | 0.2 | 0.7 | 1.5 | 0.3 | 14.5% |
Hong Kong SAR | N/A | N/A | N/A | 0.2 | 0% |
Others | 0.5 | 0.3 | 0.3 | 0.5 | 0.0% |
Total | 19.6 | 23.1 | 37.0 | 27.4 | 11.8% |
Top Suppliers of Electric Heating Radiator to the UK in 2022:
- China (152.3K units)
- Czech Republic (50.4K units)
- Germany (42.1K units)
- Spain (34.7K units)
- Turkey (20.9K units)
- Lithuania (9.7K units)
- Hong Kong SAR (5.6K units)
Electric Heating Radiator Exports in the UK
In 2022, electric heating radiator exports from the UK shrank to 62K units, falling by -9.9% compared with the previous year's figure. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of 69K units, and then reduced in the following year.
In value terms, electric heating radiator exports expanded rapidly to $5.8M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Electric Heating Radiator in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3,416 | 1,929 | 2,585 | 2,027 | -16.0% |
Ireland | 854 | 623 | 707 | 1,490 | 20.4% |
Sweden | 0.2 | 101 | 743 | 723 | 1434.7% |
Belgium | 157 | 324 | 669 | 612 | 57.4% |
Spain | 14.9 | 270 | 133 | 321 | 178.3% |
France | 43.3 | 34.6 | 94.4 | 36.1 | -5.9% |
Poland | 147 | 10.8 | N/A | 2.0 | -76.1% |
Others | 1,085 | 631 | 479 | 586 | -18.6% |
Total | 5,716 | 3,924 | 5,409 | 5,796 | 0.5% |
Top Export Markets for Electric Heating Radiator from the UK in 2022:
- Poland (undefinedK units)
- Ireland (25.8K units)
- Germany (13.5K units)
- Sweden (11.0K units)
- Belgium (6.5K units)
- France (1.5K units)
- Spain (1.1K units)
This report provides an in-depth analysis of the electric heating radiator market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512630 - Electric storage heating radiators
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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