Italy: Electric Heating Resistor Market 2024

Electric Heating Resistor Market Size in Italy

The Italian electric heating resistor market expanded sharply to $X in 2022, rising by X% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Electric Heating Resistor Production in Italy

In value terms, electric heating resistor production contracted markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value 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. Based on 2022 figures, production increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021, and then reduced rapidly in the following year.

Electric Heating Resistor Exports

Exports from Italy

In 2022, exports of electric heating resistors from Italy declined to X units, dropping by X% against the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric heating resistor exports rose slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units), Spain (X units) and Turkey (X units) were the main destinations of electric heating resistor exports from Italy, with a combined X% share of total exports. Saudi Arabia, France, Poland, Romania, the UK, the United Arab Emirates, Iraq, Russia, Bulgaria and China lagged somewhat behind, together accounting for 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 Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric heating resistor exported from Italy were Germany ($X), France ($X) and Poland ($X), together comprising X% of total exports. Spain, the UK, Turkey, Romania, Saudi Arabia, the United Arab Emirates, Russia, Iraq, China and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric heating resistor export price stood at $X per thousand units in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per thousand units), while the average price for exports to Iraq ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Resistor Imports

Imports into Italy

In 2022, purchases abroad of electric heating resistors decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, electric heating resistor imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Romania (X units) constituted the largest electric heating resistor supplier to Italy, with a X% share of total imports. Moreover, electric heating resistor imports from Romania exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was held by Serbia (X units), with an X% share.

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

In value terms, Romania ($X) constituted the largest supplier of electric heating resistors to Italy, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Romania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average electric heating resistor import price amounted to $X per thousand units, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per thousand units), while the price for France ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform

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