World - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
Water Heater Market - Mexico's Exports of Electric Water Heaters and Immersion Heaters Surged 33% in 2014
With a huge jump in exports in 2014, Mexico surged to the second spot on the water heater market. In 2014, Mexico exported X thousand tonnes of electric water heaters and immersion heaters totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total electric water heater and immersion heater exports in value terms, accounting for X% of U.S.'s total imports.
From 2007 to 2014, Mexico was a net exporter of electric water heaters and immersion heaters. Over this period, exports consistently exceeded imports in value terms. However, in physical terms, the difference was less pronounced.
China and Italy were among the other main global suppliers of electric water heaters and immersion heaters in 2014. However, the fastest growing exporters from 2007 to 2014 were China (+X% per year) and Egypt (+X% per year). China, by virtue of this slow and steady growth, was able to strengthen its position in the global export structure.
In 2014, Mexico's top X trading partners were the U.S., Brazil, Ecuador, the Dominican Republic and Chile, with a combined X% share of Mexico's electric water heater and immersion heater exports. The share of Brazil increased marginally (+X percentage points), while the share of the U.S. illustrated negative dynamics (-X percentage points).
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