Australia - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Australia - 2023
Contents:
- Electric Water Heater Price in Australia (CIF) - 2023
- Electric Water Heater Price in Australia (FOB) - 2022
- Electric Water Heater Imports in Australia
- Electric Water Heater Exports in Australia
Electric Water Heater Price in Australia (CIF) - 2023
In September 2023, the average electric water heater import price amounted to $160 per unit, surging by 9.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 37% month-to-month. As a result, import price attained the peak level of $229 per unit. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($742 per unit), while the price for Italy ($34.6 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Water Heater Price in Australia (FOB) - 2022
The average electric water heater export price stood at $188 per unit in 2022, with an increase of 28% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric water heater export price increased by +144.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($338 per unit), while the average price for exports to Japan ($62 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Imports in Australia
In 2022, after three years of growth, there was significant decline in purchases abroad of electric water heaters and immersion heaters, when their volume decreased by -17.7% to 365K units. Overall, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 5.7%. Imports peaked at 444K units in 2021, and then dropped significantly in the following year.
In value terms, electric water heater imports soared to $44M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Electric Water Heater in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.8 | 13.3 | 16.2 | 20.5 | 17.0% |
Vietnam | 6.3 | 5.9 | 6.9 | 10.0 | 16.7% |
Germany | 3.9 | 4.1 | 5.0 | 5.1 | 9.4% |
Thailand | 0.5 | 0.2 | 0.2 | 0.7 | 11.9% |
Malaysia | 1.1 | 1.0 | 0.8 | 0.6 | -18.3% |
Others | 4.9 | 2.8 | 3.9 | 6.8 | 11.5% |
Total | 29.4 | 27.2 | 33.0 | 43.8 | 14.2% |
Top Suppliers of Electric Water Heater to Australia in 2022:
- China (207.9K units)
- Vietnam (67.0K units)
- Germany (40.2K units)
- Thailand (8.1K units)
- Malaysia (6.3K units)
Electric Water Heater Exports in Australia
In 2022, electric water heater exports from Australia shrank dramatically to 37K units, waning by -18.2% compared with the year before. Over the period under review, exports showed a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports reached the peak of 45K units, and then contracted rapidly in the following year.
In value terms, electric water heater exports expanded slightly to $6.9M in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 79% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
Export of Electric Water Heater in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 1,070 | 1,423 | 2,853 | 2,304 | 29.1% |
South Korea | 409 | 354 | 736 | 710 | 20.2% |
United Kingdom | 198 | 436 | 923 | 701 | 52.4% |
United States | 229 | 209 | 310 | 551 | 34.0% |
United Arab Emirates | 92.3 | 261 | 411 | 289 | 46.3% |
Papua New Guinea | 305 | 178 | 192 | 200 | -13.1% |
China | 377 | 74.6 | 183 | 185 | -21.1% |
Japan | 91.3 | 34.1 | 66.5 | 88.9 | -0.9% |
Others | 997 | 722 | 925 | 1,887 | 23.7% |
Total | 3,771 | 3,692 | 6,601 | 6,916 | 22.4% |
Top Export Markets for Electric Water Heater from Australia in 2022:
- New Zealand (14.0K units)
- United States (5.7K units)
- United Arab Emirates (3.4K units)
- United Kingdom (2.1K units)
- China (2.1K units)
- South Korea (2.1K units)
- Japan (1.4K units)
- Papua New Guinea (0.6K units)
This report provides an in-depth analysis of the electric water heater market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In May 2023, the price of the Electric Water Heater reached $114 per unit (CIF, Australia), representing a decrease of 8.9% compared to the previous month.
In June 2023, the price of the Domestic Coffee Machine in Australia reached $140 per unit (CIF), marking a 7.7% increase compared to the previous month.
The price of the Domestic Toaster in May 2023 was $16.0 per unit (CIF, Australia), showing a 1.6% increase compared to the previous month.
Electric Heating Equipment imports reached 2.4M units in 2022, but dropped to $87M in value in 2023.
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In April 2023, the electric oven and cooker price stood at $136 per unit (CIF, Australia), with a decrease of -4.9% against the previous month.
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