Hong Kong SAR, China - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Hong Kong SAR - 2023
Contents:
- Electric Water Heater Price in Hong Kong SAR (CIF) - 2023
- Electric Water Heater Price in Hong Kong SAR (FOB) - 2022
- Electric Water Heater Imports in Hong Kong SAR
- Electric Water Heater Exports in Hong Kong SAR
Electric Water Heater Price in Hong Kong SAR (CIF) - 2023
In September 2023, the average electric water heater import price amounted to $101 per unit, increasing by 11% against the previous month. Over the period under review, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 118% against the previous month. Over the period under review, average import prices reached the maximum at $176 per unit in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($155 per unit), while the price for China ($53.3 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 Thailand (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Water Heater Price in Hong Kong SAR (FOB) - 2022
The average electric water heater export price stood at $108 per unit in 2022, rising by 70% against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($186 per unit), while the average price for exports to the UK ($9 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 Macao SAR (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Imports in Hong Kong SAR
In 2022, overseas purchases of electric water heaters and immersion heaters decreased by -10.6% to 186K units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. As a result, imports reached the peak of 216K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, electric water heater imports reduced to $21M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 7.1%. Over the period under review, imports attained the maximum at $23M in 2021, and then dropped in the following year.
| Import of Electric Water Heater in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.4 | 9.1 | 9.9 | 9.6 | 4.6% |
| Germany | 9.4 | 8.7 | 9.1 | 7.4 | -7.7% |
| Taiwan (Chinese) | 1.0 | 1.3 | 1.4 | 1.0 | 0.0% |
| Thailand | 0.6 | 0.8 | 0.9 | 1.0 | 18.6% |
| Japan | 0.4 | 0.3 | 0.6 | 1.0 | 35.7% |
| Others | 0.6 | 1.6 | 1.5 | 1.2 | 26.0% |
| Total | 20.4 | 21.8 | 23.3 | 21.0 | 1.0% |
Top Suppliers of Electric Water Heater to Hong Kong SAR in 2022:
- China (94.0K units)
- Germany (60.1K units)
- Thailand (14.7K units)
- Japan (10.7K units)
- Taiwan (Chinese) (3.9K units)
Electric Water Heater Exports in Hong Kong SAR
In 2022, approx. 35K units of electric water heaters and immersion heaters were exported from Hong Kong SAR; waning by -31.6% on 2021. Over the period under review, exports recorded a sharp decline. The smallest decline of -25.2% was in 2020. Over the period under review, the exports reached the peak figure at 129K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electric water heater exports soared to $3.8M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Electric Water Heater in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 718 | 724 | 596 | 1,809 | 36.1% |
| Macao SAR | 2,127 | 2,297 | 2,155 | 1,740 | -6.5% |
| France | 87.7 | 49.1 | 17.3 | 52.5 | -15.7% |
| United States | 695 | 313 | 258 | 40.6 | -61.2% |
| Australia | 47.6 | 11.0 | 3.5 | 10.3 | -40.0% |
| Others | 135 | 180 | 243 | 159 | 5.6% |
| Total | 3,810 | 3,575 | 3,274 | 3,812 | 0.0% |
Top Export Markets for Electric Water Heater from Hong Kong SAR in 2022:
- China (17.6K units)
- Macao SAR (9.4K units)
- United States (4.1K units)
- France (2.1K units)
- Australia (0.8K units)
This report provides an in-depth analysis of the electric water heater market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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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