EU: Electric Water Heater Market 2024

Electric Water Heater Market Size in the EU

For the seventh consecutive year, the EU electric water heater market recorded growth in sales value, which increased by X% to $X in 2022. The total consumption indicated a pronounced increase 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 2015 indices. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Electric Water Heater Production in the EU

In value terms, electric water heater production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Electric Water Heater Exports

Exports in the EU

In 2022, after five years of growth, there was decline in shipments abroad of electric water heaters and immersion heaters, when their volume decreased by X% to X units. Total exports indicated buoyant growth from 2012 to 2022: its volume 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then fell slightly in the following year.

In value terms, electric water heater exports rose modestly to $X in 2022. Total exports indicated resilient 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, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany was the key exporter of electric water heaters and immersion heaters in the European Union, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Italy (X units), the Netherlands (X units), Poland (X units) and the Czech Republic (X units), together comprising a X% share of total exports. The following exporters - Belgium (X units) and Bulgaria (X units) - together made up X% of total exports.

Germany was also the fastest-growing in terms of the electric water heaters and immersion heaters exports, with a CAGR of X% from 2012 to 2022. At the same time, Bulgaria (X%), Italy (X%), the Netherlands (X%) and Belgium (X%) displayed positive paces of growth. Poland and the Czech Republic experienced a relatively flat trend pattern. Germany (X p.p.) significantly strengthened its position in terms of the total exports, while Italy, the Czech Republic and Poland saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric water heater supplying countries in the European Union were Germany ($X), Italy ($X) and Belgium ($X), with a combined X% share of total exports. Bulgaria, the Netherlands, Poland and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Bulgaria, with a CAGR of X%, saw the highest growth rate of 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 export price in the European Union stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per unit), while Germany ($X per unit) 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 other leaders experienced mixed trends in the export price figures.

Electric Water Heater Imports

Imports in the EU

After ten years of growth, overseas purchases of electric water heaters and immersion heaters decreased by X% to X units in 2022. Total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then fell slightly in the following year.

In value terms, electric water heater imports expanded rapidly to $X in 2022. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Germany was the main importer of electric water heaters and immersion heaters in the European Union, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Poland (X units) took the second position in the ranking, followed by the Netherlands (X units), Italy (X units), France (X units), Spain (X units), the Czech Republic (X units) and Hungary (X units). All these countries together held approx. X% share of total imports. The following importers - Belgium (X units), Slovenia (X units), Slovakia (X units) and Austria (X units) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Slovenia (X%), Spain (X%), Italy (X%), Poland (X%), Belgium (X%), the Netherlands (X%), Slovakia (X%), France (X%), Austria (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Slovenia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. While the share of Germany (X p.p.), Slovenia (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of France (X p.p.), the Netherlands (X p.p.), the Czech Republic (X p.p.) and Hungary (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric water heater importing markets in the European Union were Germany ($X), France ($X) and Spain ($X), together comprising X% of total imports. Poland, Italy, Belgium, the Netherlands, the Czech Republic, Hungary, Austria, Slovakia and Slovenia lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, showed a slight curtailment. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while Slovenia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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