Report Update: Apr 1, 2024

Belgium - Radiators for Central Heating (not Electrically Heated) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Non-Electric Central Heating Radiator in Belgium - 2023

Price for Non-Electric Central Heating Radiator in Belgium (FOB) - 2023

The average non-electric central heating radiator export price stood at $3.6 per unit in August 2023, jumping by 16% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in December 2022 an increase of 19% month-to-month. As a result, the export price attained the peak level of $3.6 per unit; afterwards, it flattened through to August 2023.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Luxembourg ($8.6 per unit), while the average price for exports to France ($2.4 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 Luxembourg (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Non-Electric Central Heating Radiator in Belgium (CIF) - 2023

In August 2023, the average non-electric central heating radiator import price amounted to $2.7 per unit, increasing by 3.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in December 2022 an increase of 19% month-to-month. Over the period under review, average import prices attained the peak figure at $2.8 per unit in January 2023; however, from February 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 the Czech Republic ($3.7 per unit), while the price for Turkey ($2.0 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 (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Non-Electric Central Heating Radiator in Belgium

In 2022, shipments abroad of radiators for central heating (not electrically heated) decreased by -31.3% to 37M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports reached the peak of 53M units, and then declined markedly in the following year.

In value terms, non-electric central heating radiator exports shrank notably to $136M in 2022. Over the period under review, exports, however, showed a modest increase. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $174M, and then declined notably in the following year.

Export of Non-Electric Central Heating Radiator in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	50.3	56.2	78.9	58.4	5.1%
France	31.6	33.3	44.4	35.7	4.2%
Germany	16.4	18.6	20.2	16.8	0.8%
Luxembourg	3.1	3.2	5.1	3.7	6.1%
Ireland	0.5	0.5	2.0	3.5	91.3%
Poland	3.6	4.5	4.3	3.1	-4.9%
Others	26.9	19.0	18.9	15.1	-17.5%
Total	132	135	174	136	1.0%

Top Export Markets for Non-Electric Central Heating Radiator from Belgium in 2022:

Netherlands (15.5M units)
France (13.0M units)
Germany (4.0M units)
Ireland (0.8M units)
Poland (0.6M units)
Luxembourg (0.6M units)

Imports of Non-Electric Central Heating Radiator in Belgium

In 2022, after three years of growth, there was significant decline in overseas purchases of radiators for central heating (not electrically heated), when their volume decreased by -29.6% to 45M units. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 45%. Over the period under review, imports reached the maximum at 64M units in 2021, and then reduced notably in the following year.

In value terms, non-electric central heating radiator imports declined notably to $128M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +35.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. Imports peaked at $167M in 2021, and then declined markedly in the following year.

Import of Non-Electric Central Heating Radiator in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	44.8	51.8	68.8	55.0	7.1%
Poland	13.1	18.5	26.2	22.5	19.8%
Germany	8.1	14.9	17.0	14.8	22.3%
Turkey	2.2	10.6	23.0	14.7	88.3%
Czech Republic	10.7	11.2	13.9	10.7	0.0%
France	4.4	4.5	5.0	4.2	-1.5%
Others	11.3	16.0	12.9	6.3	-17.7%
Total	94.6	127	167	128	10.6%

Top Suppliers of Non-Electric Central Heating Radiator to Belgium in 2022:

Netherlands (19.4M units)
Poland (8.6M units)
Turkey (8.0M units)
Germany (4.1M units)
Czech Republic (3.0M units)
France (0.8M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for non-electric central heating radiator in Belgium. 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 25211100 - Radiators for central heating, not electrically heated, and parts thereof, of iron or steel

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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