United Kingdom - Electric Space Heating Apparatus And Soil Heating Apparatus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Heating Equipment Price in the UK - 2023
Contents:
- Electric Heating Equipment Price in the UK (CIF) - 2023
- Electric Heating Equipment Price in the UK (FOB) - 2022
- Electric Heating Equipment Imports in the UK
- Electric Heating Equipment Exports in the UK
Electric Heating Equipment Price in the UK (CIF) - 2023
The average electric heating equipment import price stood at $23.4 per unit in August 2023, falling by -14.9% against the previous month. Over the period under review, the import price saw a noticeable contraction. The growth pace was the most rapid in November 2022 when the average import price increased by 31% month-to-month. Over the period under review, average import prices hit record highs at $69.5 per unit in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Malaysia ($108 per unit), while the price for Lithuania ($8.1 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 Malaysia (-3.5%), while the prices for the other major suppliers experienced a decline.
Electric Heating Equipment Price in the UK (FOB) - 2022
The average electric heating equipment export price stood at $91 per unit in 2022, rising by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.3%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 21% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($168 per unit), while the average price for exports to the Czech Republic ($38 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 Norway (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Heating Equipment Imports in the UK
Electric heating equipment imports into the UK dropped to 8.4M units in 2022, waning by -11.1% against 2021. In general, imports showed a perceptible shrinkage. The growth pace was the most rapid in 2021 when imports increased by 35%. As a result, imports reached the peak of 9.5M units, and then reduced in the following year.
In value terms, electric heating equipment imports shrank slightly to $308M 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 +13.2% 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 +69.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 75%. As a result, imports attained the peak of $320M, and then reduced modestly in the following year.
| Import of Electric Heating Equipment in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 125 | 101 | 220 | 207 | 18.3% |
| Spain | 19.3 | 22.7 | 36.2 | 29.5 | 15.2% |
| Germany | 13.7 | 11.8 | 11.5 | 17.7 | 8.9% |
| Ireland | 15.7 | 10.9 | 12.5 | 8.5 | -18.5% |
| France | 5.3 | 5.2 | 6.4 | 4.6 | -4.6% |
| Poland | 6.7 | 5.0 | 4.7 | 2.0 | -33.2% |
| Others | 27.3 | 25.7 | 28.6 | 38.8 | 12.4% |
| Total | 213 | 182 | 320 | 308 | 13.1% |
Top Suppliers of Electric Heating Equipment to the UK in 2022:
- France (undefinedM units)
- China (7.0M units)
- Poland (0.2M units)
- Germany (0.2M units)
- Spain (0.2M units)
- Ireland (0.1M units)
Electric Heating Equipment Exports in the UK
For the third consecutive year, the UK recorded decline in shipments abroad of electric space heating apparatus and soil heating apparatus, which decreased by -12.4% to 857K units in 2022. Over the period under review, exports showed a abrupt downturn. The smallest decline of -3% was in 2021. The exports peaked at 1.2M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, electric heating equipment exports expanded modestly to $78M in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Heating Equipment in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 19.1 | 17.6 | 19.3 | 17.9 | -2.1% |
| Germany | 11.7 | 8.5 | 11.3 | 16.0 | 11.0% |
| Ireland | 17.1 | 16.1 | 15.0 | 11.5 | -12.4% |
| France | 3.6 | 3.7 | 3.2 | 4.0 | 3.6% |
| Netherlands | 2.5 | 1.8 | 2.8 | 3.5 | 11.9% |
| Spain | 0.8 | 0.8 | 1.6 | 2.7 | 50.0% |
| Australia | 0.6 | 1.0 | 2.5 | 2.1 | 51.8% |
| China | 0.5 | 13.2 | 0.4 | 1.0 | 26.0% |
| Others | 16.9 | 11.5 | 19.2 | 19.0 | 4.0% |
| Total | 72.8 | 74.2 | 75.3 | 77.7 | 2.2% |
Top Export Markets for Electric Heating Equipment from the UK in 2022:
- Sweden (286.3K units)
- Germany (216.4K units)
- Ireland (128.0K units)
- France (36.2K units)
- Netherlands (21.1K units)
- Australia (19.3K units)
- China (17.5K units)
- Spain (17.3K units)
This report provides an in-depth analysis of the electric heating equipment 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
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
- Prodcom 27512690 - Other electric space heaters
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
-
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
450
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China dominates in the global trade of electric space heating apparatus and soil heating apparatus. In 2014, China exported X thousand tons of electric space heating apparatus and soil heating apparatus totaling X billion USD, X% over the previo
