Iron or steel radiators and air heaters market in Italy

Earlier Report Observations

Starting from a market size of 455 million USD in 2018, the Italian market for iron or steel radiators and air heaters expanded to 476 million USD in 2019. This growth was supported by increasing consumer interest in energy-efficient heating solutions, a trend encouraged by broader European environmental policies. The market contracted to 432 million USD in 2020 due to supply chain disruptions and production slowdowns caused by the COVID-19 pandemic.

A strong recovery followed in 2021, with the market reaching 518 million USD. This surge was primarily driven by the introduction of Italian tax incentives and deductions for energy-efficient building renovations, which boosted demand for efficient radiators. The market continued its expansion, reaching 530 million USD in 2023, supported by the tightening of European and Italian energy labeling and sustainability regulations, which encouraged the adoption of more efficient products.

Production iron or steel radiators and air heaters in Italy

In value, 2017-2020, M $ US

Italy's production of iron or steel radiators and air heaters declined for the second year in a row. In 2020, output was valued at 560.1 million US dollars, which is 9.6% lower than in 2019. Over the period from 2017 to 2020, production decreased by 2.2%, with an average annual decline of 0.7%. The highest production value was recorded in 2018 at 626.2 million US dollars, which also saw the largest annual increase of 9.3%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

Exports iron or steel radiators and air heaters from Italy

Exports in kind, t

Italy's exports of iron or steel radiators and air heaters in volume terms fell for the second consecutive year. In 2020, exports totaled 38,442 tonnes, down 7.2% from 2019. Between 2017 and 2020, exports decreased by 12.9%, equivalent to an average annual decline of 4.5%. The peak export volume was in 2018 at 45,188 tonnes. The largest annual decline occurred in 2019 at 8.3%, while the largest increase was in 2018 at 2.4%.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, Germany, France, and Poland were the top destinations for Italy's exports of iron or steel radiators and air heaters in volume terms. Germany accounted for 33.6% of exports, France for 12.0%, and Poland for 6.3%. Together, these three countries represented 51.8% of total export flows.

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

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

Exports in value, M $ US

Italy's exports of iron or steel radiators and air heaters in value terms declined for the second year running. In 2020, exports amounted to 184.4 million US dollars, marking a significant decrease of 10.5% compared to the previous year. Between 2017 and 2020, exports fell by 13.7%, with an average annual decline of 4.8%. The highest export value was recorded in 2018 at 235.3 million US dollars. The largest annual decline was in 2019 at 12.4%, while the largest increase was in 2018 at 10.1%.

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

During 2017–2020, Italy's exports of iron or steel radiators and air heaters in value terms were distributed across various markets. Even the top three destinations—Germany, France, and Poland—collectively accounted for only 46.1% of total export value.

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

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

Imports iron or steel radiators and air heaters to Italy

Imports in kind, t

Italy's imports of iron or steel radiators and air heaters in volume terms dropped for the third consecutive year. In 2020, imports reached 16,031 tonnes, a slight decrease of 2.7% from 2019. Over the period from 2017 to 2020, imports declined by 7.8%, equivalent to an average annual reduction of 2.7%.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, Germany, Turkey, and Romania were the primary sources for Italy's imports of iron or steel radiators and air heaters in volume terms. Together, these three countries accounted for 84.4% of total import flows.

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

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

Imports in value, M $ US

Italy's imports of iron or steel radiators and air heaters in value terms fell for the second year in a row. In 2020, imports totaled 56.3 million US dollars, representing a substantial decrease of 10.2% from the previous year. Between 2017 and 2020, imports decreased by 11%, with an average annual decline of 3.8%. The peak import value was in 2018 at 64.3 million US dollars, which also saw the largest annual increase of 1.6%.

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

In 2017–2020, Germany, Turkey, and Romania were the leading sources for Italy's imports of iron or steel radiators and air heaters in value terms. Germany contributed 38.4% of imports, Turkey 23.7%, and Romania 15.3%. Combined, these three countries made up 77.4% of total import flows.

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

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