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Spain - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Feb 3, 2023
Electric Heating Radiator Price in Spain Grows Dramatically to $102 per Unit
Spain Electric Heating Radiator Export Price in October 2022
In October 2022, the electric heating radiator price stood at $102 per unit (FOB, Spain), increasing by 23% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average export price increased by 28% month-to-month. As a result, the export price attained the peak level of $107 per unit. From September 2022 to October 2022, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2022, the country with the highest price was Poland ($125 per unit), while the average price for exports to the Netherlands ($72.0 per unit) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spain Electric Heating Radiator Exports
In October 2022, overseas shipments of electric storage heating radiators were finally on the rise to reach 3.9K units for the first time since July 2022, thus ending a two-month declining trend. Over the period under review, exports, however, faced a drastic downturn. The most prominent rate of growth was recorded in July 2022 when exports increased by 202% against the previous month. Over the period under review, the exports reached the maximum at 15K units in January 2022; afterwards, it flattened through to October 2022.
In value terms, electric heating radiator exports surged to $401K (IndexBox estimates) in October 2022. In general, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in July 2022 with an increase of 144% month-to-month. The exports peaked at 1.4M units in January 2022; however, from February 2022 to October 2022, the exports stood at a somewhat lower figure.
Spain Electric Heating Radiator Exports by Country
Portugal (1.6K units) was the main destination for electric heating radiator exports from Spain, with a 40% share of total exports. Moreover, electric heating radiator exports to Portugal exceeded the volume sent to the second major destination, the UK (497 units), threefold. The third position in this ranking was taken by Lebanon (436 units), with an 11% share.
From January 2022 to October 2022, the average monthly rate of growth in terms of volume to Portugal amounted to +15.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (-30.9% per month) and Lebanon (0.0% per month).
In value terms, Portugal ($165K) emerged as the key foreign market for electric heating radiator exports from Spain, comprising 41% of total exports. The second position in the ranking was held by the UK ($52K), with a 13% share of total exports. It was followed by Lebanon, with an 11% share.
From January 2022 to October 2022, the average monthly rate of growth in terms of value to Portugal stood at +18.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the UK (-30.2% per month) and Lebanon (0.0% per month).
Electric Heating Radiator Market Overview
Spain is one of the European countries with the highest demand for electric heating radiators. The main reason for this is the country's climate, which can be quite cold in winter. Electric heating radiators are seen as a more efficient and environmentally-friendly alternative to traditional gas or oil-fired boilers.
The increasing adoption of smart home technologies and the growing preference for energy-efficient solutions are some of the major factors driving the growth of the electric heating radiator market in Spain. The rising awareness about the benefits of electric heating radiators, such as lower carbon emissions and reduced running costs, is also boosting their demand. The growing construction activities and favorable government initiatives are also fuelling the demand for electric heating radiators in residential applications.
One of the main factors that can affect the price of an electric heating radiator in Spain is the type of radiator. There are two main types of electric heating radiators – convection and radiant. Convection heaters work by circulating air around the room, whereas radiant heaters work by emitting infrared waves. Radiant heaters are often more expensive than convection heaters, as they are more efficient at heating up a room. Convection heaters are increasingly being preferred over other types of electric heating radiators due to their efficiency and low running costs.
This report provides an in-depth analysis of the electric heating radiator market in Spain. 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:
• Spain
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Spain
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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