Electric storage heating radiators market in Germany

Earlier Report Observations

The German market for electric storage heating radiators reached its peak value of 32.2 million USD in 2018, driven by strong European-wide market activity. Investments in production capacity expansion and the entry of new suppliers, reflected in a 35% surge in European imports, fueled this high level. Following the peak, consumption stabilized at a lower level in 2019, and the market value gradually declined to 29.1 million USD by 2020.

A sharp turnaround occurred in 2021, with the market value jumping to 44.8 million USD. This growth was propelled by a 25-28% increase in EU production, likely due to the opening or expansion of manufacturing facilities and potentially supported by policy measures promoting energy-efficient heating solutions. The upward trend continued into 2022, pushing the market to a new high of 50.7 million USD.

The market contracted significantly in 2023, falling to 34.2 million USD, and declined further to 31.2 million USD in 2024. This downturn coincided with a reported 4.2-6.3% drop in EU consumption and a 7.5% decrease in European production in 2024, possibly indicating capacity reductions. Global factors such as rising energy prices also contributed to the declining demand during this period.

Production electric storage heating radiators in Germany

In value, 2017-2020, K $ US

Germany's production of electric storage heating radiators has declined for the third year in a row. In 2020, output was valued at 34 856 thousand US dollars, marking an 11.0% decrease from 2019. Over the period from 2017 to 2020, production fell by 27.5%, with an average annual decline of 10.2%.

Annual dynamics of production in Germany in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

Germany's production of electric storage heating radiators has declined for the third consecutive year. In 2020, 86.1 thousand units were produced, which is 4.4% lower than in 2019. Between 2017 and 2020, production decreased by 24.2%, translating to an average annual drop of 8.8%.

Annual dynamics of production in Germany in kind, 2017-2020, K unit

Exports electric storage heating radiators from Germany

Exports in kind, K unit

Germany's exports of electric storage heating radiators have increased for the second year in a row. In 2020, export volume reached 73.1 thousand units, showing a strong 20.9% rise compared to 2019. Between 2017 and 2020, exports grew by 11.2%, with an average annual increase of 3.6%. The lowest volume was recorded in 2018 at 55.9 thousand units, which also saw the largest decline of 15.0%.

Annual dynamics of product's exports from Germany in kind, 2017-2020, K unit

From 2017 to 2020, the United Kingdom, Egypt, and Belgium were the main destinations for Germany's exports of electric storage heating radiators in volume terms. The United Kingdom accounted for 39.5% of exports, Egypt for 12.6%, and Belgium for 10.4%, together making up 62.5% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Germany in kind, 2017-2020

Exports in value, K $ US

Germany's exports of electric storage heating radiators in value terms have declined for the third consecutive year. In 2020, exports amounted to 13 914 thousand US dollars, reflecting a 0.9% decrease from 2019. Between 2017 and 2020, exports fell by 31.7%, with an average annual decline of 12.0%.

Annual dynamics of product's exports from Germany in value, 2017-2020, K $ US

From 2017 to 2020, the United Kingdom, Belgium, and China were the key partners for Germany's exports of electric storage heating radiators in value terms. The United Kingdom represented 48.0% of exports, Belgium 12.1%, and China 7.0%, collectively accounting for 67.1% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Germany in value, 2017-2020

Imports electric storage heating radiators to Germany

Imports in kind, K unit

Germany's imports of electric storage heating radiators have increased for the third year in a row. In 2020, imports reached approximately 139.2 thousand units, corresponding to a sharp 263.6% surge compared to 2019. Over the period from 2017 to 2020, imports soared by 1 258.9%, with an average annual growth rate of 138.6%.

Annual dynamics of product's imports to Germany in kind, 2017-2020, K unit

From 2017 to 2020, China, the United Kingdom, and Czechia played the leading roles in Germany's imports of electric storage heating radiators in volume terms. China accounted for 55.2% of imports, the United Kingdom for 23.4%, and Czechia for 17.5%, together representing 96.2% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Germany in kind, 2017-2020

Imports in value, K $ US

Germany's imports of electric storage heating radiators in value terms have increased for the third consecutive year. In 2020, imports amounted to 8 192 thousand US dollars, which is 41.7% higher than in 2019. Between 2017 and 2020, imports grew by 202.5%, with an average annual increase of 44.6%.

Annual dynamics of product's imports to Germany in value, 2017-2020, K $ US

From 2017 to 2020, the United Kingdom and China formed a dominant pair for Germany's imports of electric storage heating radiators in value terms, jointly accounting for 85.3% of total flows, while other countries made up the remaining share.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Germany in value, 2017-2020