Czech Republic - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Czech Republic - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights

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Electric Heating Equipment Price in the Czech Republic - 2023

Contents:

  1. Electric Heating Equipment Price in the Czech Republic (FOB) - 2023
  2. Electric Heating Equipment Price in the Czech Republic (CIF) - 2023
  3. Electric Heating Equipment Exports in the Czech Republic
  4. Electric Heating Equipment Imports in the Czech Republic

Electric Heating Equipment Price in the Czech Republic (FOB) - 2023

In August 2023, the average electric heating equipment export price amounted to $61.6 per unit, shrinking by -29.6% against the previous month. Overall, export price indicated a mild increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, electric heating equipment export price decreased by -29.6% against July 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices reached the maximum at $87.6 per unit in July 2023, and then reduced sharply in the following month.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Sweden ($108 per unit), while the average price for exports to the Netherlands ($36.3 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Price in the Czech Republic (CIF) - 2023

The average electric heating equipment import price stood at $45.7 per unit in August 2023, jumping by 38% against the previous month. Overall, the import price showed a slight increase. Over the period under review, average import prices reached the maximum at $84.3 per unit in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($113 per unit), while the price for the Netherlands ($21.4 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Electric Heating Equipment Exports in the Czech Republic

In 2022, electric heating equipment exports from the Czech Republic surged to 1.1M units, with an increase of 31% compared with 2021 figures. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.4% 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 +63.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating equipment exports surged to $59M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +59.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Electric Heating Equipment in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany14.815.819.323.015.8%
Netherlands2.83.64.57.740.1%
Slovakia4.64.05.26.512.2%
Austria2.62.52.93.16.0%
Poland0.90.91.31.826.0%
Hungary1.41.11.31.76.7%
Bulgaria0.10.10.10.226.0%
Greece0.20.1N/A0.1-20.6%
Others9.99.013.715.115.1%
Total37.337.048.459.116.6%

Top Export Markets for Electric Heating Equipment from the Czech Republic in 2022:

  1. Slovakia (289.1K units)
  2. Germany (242.8K units)
  3. Hungary (147.1K units)
  4. Poland (108.8K units)
  5. Netherlands (102.9K units)
  6. Austria (27.3K units)
  7. Bulgaria (20.6K units)
  8. Greece (7.9K units)

Electric Heating Equipment Imports in the Czech Republic

After two years of decline, supplies from abroad of electric space heating apparatus and soil heating apparatus increased by 54% to 864K units in 2022. Overall, imports, however, recorded a pronounced downturn. Imports peaked at 1M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electric heating equipment imports skyrocketed to $42M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.3% 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 +69.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Electric Heating Equipment in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.85.58.110.013.7%
Germany6.29.29.29.515.3%
France0.80.92.83.868.1%
Poland0.81.32.42.546.2%
Slovakia0.50.81.12.058.7%
Austria1.71.31.91.6-2.0%
Netherlands0.20.81.11.491.3%
Italy0.50.60.71.233.9%
Ukraine0.90.81.31.03.6%
GreeceN/AN/A0.10.8700.0%
Israel1.0N/AN/AN/A0%
Others5.16.57.98.217.2%
Total24.727.636.441.919.3%

Top Suppliers of Electric Heating Equipment to the Czech Republic in 2022:

  1. China (395.4K units)
  2. Germany (149.3K units)
  3. France (46.2K units)
  4. Slovakia (43.3K units)
  5. Netherlands (37.1K units)
  6. Poland (30.9K units)
  7. Italy (30.1K units)
  8. Ukraine (23.4K units)
  9. Greece (19.7K units)
  10. Austria (18.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the electric heating equipment market in the Czech Republic. 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
  • Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
  • Prodcom 27512690 - Other electric space heaters

Country coverage:

  • Czech Republic

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Czech Republic
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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