Global Radiator Market 2023

Radiator Market Size

The global radiator market contracted to $X in 2022, which is down by -8.2% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +11.8% against 2020 indices. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Radiator Production

In value terms, radiator production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +7.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Radiator Exports

Exports

In 2022, approx. X tons of radiators for central heating (not electrically heated) were exported worldwide; with a decrease of -24% on the year before. Over the period under review, exports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, radiator exports shrank to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 29%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Turkey was the key exporter of radiators for central heating (not electrically heated) in the world, with the volume of exports recording X tons, which was approx. 39% of total exports in 2022. It was distantly followed by Poland (X tons), China (X tons), Germany (X tons), Belgium (X tons), the Czech Republic (X tons) and the Netherlands (X tons), together mixing up a 41% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of radiators for central heating (not electrically heated). The Netherlands and China experienced a relatively flat trend pattern. Poland (-1.8%), the Czech Republic (-3.0%), Germany (-4.5%) and Belgium (-6.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and China increased by +7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest radiator supplier worldwide, comprising 26% of global exports. The second position in the ranking was taken by Poland ($X), with a 12% share of global exports. It was followed by Germany, with an 11% share.

In Turkey, radiator exports expanded at an average annual rate of +1.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+2.8% per year) and Germany (-2.5% per year).

Export Prices by Country

The average radiator export price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.7%), while the other global leaders experienced more modest paces of growth.

Radiator Imports

Imports

In 2022, approx. X tons of radiators for central heating (not electrically heated) were imported worldwide; which is down by -16.5% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 11%. As a result, imports reached the peak of X tons, and then dropped remarkably in the following year.

In value terms, radiator imports reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The UK (X tons) and Germany (X tons) represented roughly 31% of total imports in 2022. Russia (X tons) took the next position in the ranking, followed by Belgium (X tons), Romania (X tons), France (X tons) and Poland (X tons). All these countries together took near 29% share of total imports. The Netherlands (X tons), the Czech Republic (X tons), Italy (X tons), Hungary (X tons), Sweden (X tons) and Ireland (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +8.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest radiator importing markets worldwide were the UK ($X), Germany ($X) and France ($X), with a combined 40% share of global imports. Belgium, the Netherlands, Russia, Romania, Poland, the Czech Republic, Italy, Sweden, Ireland and Hungary lagged somewhat behind, together comprising a further 35%.

Sweden, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average radiator import price stood at $X per ton in 2022, rising by 6.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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