Finland: Electric Radiator Market 2024

Electric Radiator Market Size in Finland

The Finnish electric radiator market fell sharply to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a pronounced decrease. Electric radiator consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Electric Radiator Production in Finland

In value terms, electric radiator production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Electric Radiator Exports

Exports from Finland

In 2022, overseas shipments of electric radiators and convection heaters increased by X% to X units, rising for the third year in a row after five years of decline. In general, exports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, electric radiator exports reduced remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined markedly in the following year.

Exports by Country

The United States (X units), Estonia (X units) and Sweden (X units) were the main destinations of electric radiator exports from Finland, with a combined X% share of total exports. Germany, Canada, Latvia, Austria, Norway, Russia, Poland, the UK, Lithuania and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electric radiators and convection heaters exports from Finland, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average electric radiator export price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Finland

In 2022, approx. X units of electric radiators and convection heaters were imported into Finland; dropping by X% compared with 2021 figures. In general, imports showed a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric radiator imports fell significantly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electric radiator supplier to Finland, accounting for a X% share of total imports. Moreover, electric radiator imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), fourfold. The third position in this ranking was held by Estonia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Estonia (X% per year).

In value terms, the largest electric radiator suppliers to Finland were Sweden ($X), China ($X) and Estonia ($X), together comprising X% of total imports. Germany, Norway, the Netherlands and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric radiator import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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