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U.S. - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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Date: Jun 14, 2022
U.S. Electric Water Heater Imports Robustly Grow, Surpassing $681M
IndexBox has just published a new report: 'U.S. - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The U.S. electric water heater market was estimated at approx. $1.1B in 2021. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediaries' margins, which will be included in the final consumer price).
U.S. Water Heater Imports
In 2021, the amount of electric water heaters and immersion heaters imported into the United States dropped to 15M units, waning by -5.2% on the previous year's figure. Over the period under review, total imports indicated prominent growth from 2011 to 2021: its volume increased at an average annual rate of +5.8%.
In value terms, imports rose sharply to $681M in 2021. Over the past decade, imports recorded a prominent expansion.
Imports by Country
In 2021, China (9.6M units) constituted the largest supplier of electric water heater to the United States, accounting for a 66% share of total purchases. Moreover, electric water heater imports from China exceeded the figures recorded by the second-largest supplier, Mexico (3.4M units), threefold. Germany (382K units) ranked third in terms of total imports with a 2.6% share.
In value terms, Mexico ($360M) constituted the largest supplier of electric water heater to the United States, comprising 53% of total imports. The second position in the ranking was occupied by China ($172M), with a 25% share of total purchases. It was followed by Canada, with a 5.8% share.
From 2011 to 2021, the average annual growth rate of value from Mexico stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.3% per year) and Canada (+6.3% per year).
Import Prices by Country
The average electric water heater import price stood at $46 per unit in 2021, jumping by 17% against the previous year. Prices varied noticeably by the country of origin: the country with the highest price was Canada ($117 per unit), while the price for China ($18 per unit) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Water Heater Exports
In 2021, shipments abroad of electric water heaters and immersion heaters was finally on the rise to reach 1.6M units after two years of decline. Over the period under review, total exports indicated a perceptible expansion from 2011 to 2021: its volume increased at an average annual rate of +4.2%.
In value terms, electric water heater exports skyrocketed to $235M in 2021. In general, total exports indicated a resilient increase from 2011 to 2021: its value increased at an average annual rate of +4.2%.
Exports by Country
Canada (787K units) was the main destination for electric water heater exports from the United States, accounting for a 49% share of total supplies. Moreover, electric water heater exports to Canada exceeded the volume sent to the second major destination, Mexico (268K units), threefold. The third position in this ranking was occupied by China (48K units), with a 3% share.
In value terms, Canada ($90M) remains the key foreign market for electric water heater exports from the United States, comprising 38% of total supplies. The second position in the ranking was occupied by Mexico ($28M), with a 12% share of total exports. It was followed by China, with a 6% share.
From 2011 to 2021, the average annual growth rate of value to Canada totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.2% per year) and China (+16.5% per year).
Export Prices by Country
In 2021, the average electric water heater export price amounted to $147 per unit, rising by 1.6% against the previous year. There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($295 per unit), while the average price for exports to the United Arab Emirates ($64 per unit) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the electric water heater market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 27512530 - Electric instantaneous water heaters
• Prodcom 27512550 -
• Prodcom 27512570 -
• Prodcom 27512560 - Electric water heaters and immersion heaters (excluding instantaneous water heaters)
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2021
Figure 21:
Production, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, 2007–2021
Figure 23:
Imports, In Value Terms, 2007–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2007–2021
Figure 26:
Imports, In Value Terms, By Country, 2007–2021
Figure 27:
Import Prices, By Country Of Origin, 2007–2021
Figure 28:
Exports, In Physical Terms, 2007–2021
Figure 29:
Exports, In Value Terms, 2007–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2007–2021
Figure 32:
Exports, In Value Terms, By Country, 2007–2021
Figure 33:
Export Prices, By Country Of Destination, 2007–2021
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