Finland - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Finland - 2023
Contents:
- Electric Water Heater Price in Finland (CIF) - 2022
- Electric Water Heater Price in Finland (FOB) - 2023
- Electric Water Heater Imports in Finland
- Electric Water Heater Exports in Finland
Electric Water Heater Price in Finland (CIF) - 2022
In 2022, the average electric water heater import price amounted to $219 per unit, picking up by 14% against the previous year. In general, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 115% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($1,262 per unit), while the price for China ($82 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Water Heater Price in Finland (FOB) - 2023
In August 2023, the average electric water heater export price amounted to $514 per unit, remaining stable against the previous month. Over the period under review, export price indicated a notable expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, electric water heater export price decreased by -9.9% against May 2023 indices. The growth pace was the most rapid in January 2023 when the average export price increased by 79% against the previous month. Over the period under review, the average export prices attained the peak figure at $570 per unit in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($698 per unit), while the average price for exports to Russia ($276 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Imports in Finland
In 2022, the amount of electric water heaters and immersion heaters imported into Finland declined to 75K units, shrinking by -10.6% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. As a result, imports reached the peak of 83K units, and then contracted in the following year.
In value terms, electric water heater imports expanded to $16M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Electric Water Heater in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 5.5 | 7.1 | 8.1 | 8.3 | 14.7% |
| China | 2.1 | 1.4 | 2.6 | 2.1 | 0.0% |
| Germany | 0.5 | 1.4 | 1.6 | 1.7 | 50.4% |
| Poland | 0.4 | 0.3 | 0.6 | 0.8 | 26.0% |
| Denmark | 0.5 | 0.6 | 0.4 | 0.5 | 0.0% |
| United States | 0.2 | N/A | 0.1 | 0.4 | 26.0% |
| Netherlands | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
| Estonia | 0.8 | 0.3 | 0.3 | 0.2 | -37.0% |
| Others | 0.9 | 0.9 | 2.0 | 2.0 | 30.5% |
| Total | 10.8 | 12.2 | 16.0 | 16.3 | 14.7% |
Top Suppliers of Electric Water Heater to Finland in 2022:
- China (25.1K units)
- Sweden (22.9K units)
- Poland (7.7K units)
- Germany (6.2K units)
- United States (3.8K units)
- Netherlands (1.9K units)
- Denmark (1.8K units)
- Estonia (0.5K units)
Electric Water Heater Exports in Finland
In 2022, the amount of electric water heaters and immersion heaters exported from Finland skyrocketed to 12K units, picking up by 22% on 2021 figures. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, electric water heater exports surged to $3.5M in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 38%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
| Export of Electric Water Heater in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 885 | 797 | 1,106 | 1,699 | 24.3% |
| Poland | 92.3 | 103 | 153 | 447 | 69.2% |
| Germany | 135 | 99.1 | 199 | 266 | 25.4% |
| Estonia | 101 | 90.3 | 222 | 265 | 37.9% |
| Russia | 411 | 346 | 332 | 213 | -19.7% |
| Lithuania | 28.3 | 28.2 | 9.8 | 145 | 72.4% |
| Netherlands | 38.8 | 91.0 | 110 | 63.5 | 17.8% |
| Denmark | 3.6 | 3.3 | 1.9 | 52.1 | 143.7% |
| Others | 177 | 350 | 497 | 347 | 25.2% |
| Total | 1,872 | 1,907 | 2,630 | 3,498 | 23.2% |
Top Export Markets for Electric Water Heater from Finland in 2022:
- Sweden (3.2K units)
- Poland (2.6K units)
- Estonia (2.4K units)
- Lithuania (0.9K units)
- Russia (0.8K units)
- Denmark (0.5K units)
- Germany (0.3K units)
- Netherlands (0.1K units)
This report provides an in-depth analysis of the electric water heater market in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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
-
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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