Sri Lanka - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Sri Lanka - 2021
Contents:
- Electric Water Heater Price in Sri Lanka (CIF) - 2022
- Electric Water Heater Price in Sri Lanka (FOB) - 2022
- Electric Water Heater Imports in Sri Lanka
- Electric Water Heater Exports in Sri Lanka
Electric Water Heater Price in Sri Lanka (CIF) - 2022
The average electric water heater import price stood at $52 per unit in 2022, growing by 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +5.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 64% against the previous year. Over the period under review, average import prices attained the maximum at $53 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($71 per unit), while the price for Brazil ($6.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Water Heater Price in Sri Lanka (FOB) - 2022
The average electric water heater export price stood at $68 per unit in 2022, surging by 14% against the previous year. Overall, the export price, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2019 an increase of 83%. Over the period under review, the average export prices hit record highs at $133 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($88 per unit), while the average price for exports to Jordan ($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 Maldives (-4.5%).
Electric Water Heater Imports in Sri Lanka
In 2022, electric water heater imports into Sri Lanka declined rapidly to 45K units, reducing by -54.5% compared with the previous year. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. As a result, imports reached the peak of 100K units, and then contracted dramatically in the following year.
In value terms, electric water heater imports dropped markedly to $2.4M in 2022. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports reached the peak of $5.1M, and then contracted rapidly in the following year.
| Import of Electric Water Heater in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2,437 | 1,702 | 1,903 | 1,064 | -24.1% |
| China | 494 | 415 | 506 | 478 | -1.1% |
| Italy | 71.6 | 246 | 149 | 404 | 78.0% |
| India | 83.3 | 258 | 86.9 | 178 | 28.8% |
| Thailand | 52.7 | 30.7 | 32.7 | 68.6 | 9.2% |
| Vietnam | 97.0 | 111 | 61.2 | 68.3 | -11.0% |
| Brazil | 0.2 | 15.3 | 13.3 | 7.1 | 228.7% |
| Others | 375 | 495 | 2,308 | 101 | -35.4% |
| Total | 3,611 | 3,272 | 5,061 | 2,369 | -13.1% |
Top Suppliers of Electric Water Heater to Sri Lanka in 2022:
- Malaysia (23.2K units)
- China (8.1K units)
- Italy (6.2K units)
- India (3.6K units)
- Brazil (1.1K units)
- Thailand (1.1K units)
- Vietnam (1.0K units)
Electric Water Heater Exports in Sri Lanka
In 2022, exports of electric water heaters and immersion heaters from Sri Lanka skyrocketed to 349 units, growing by 311% compared with 2021 figures. In general, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, electric water heater exports skyrocketed to $24K in 2022. Over the period under review, exports, however, showed a abrupt decrease. The exports peaked at $38K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electric Water Heater in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | N/A | N/A | N/A | 15.4 | 0% |
| Qatar | N/A | N/A | N/A | 7.9 | 0% |
| Maldives | 5.1 | N/A | 4.4 | 0.1 | -73.0% |
| Netherlands | 16.6 | 2.6 | N/A | N/A | -84.3% |
| Lithuania | 5.4 | N/A | 0.3 | N/A | -76.4% |
| Others | 11.3 | 0.4 | 0.4 | 0.4 | -67.2% |
| Total | 38.4 | 3.0 | 5.1 | 23.8 | -14.7% |
Top Export Markets for Electric Water Heater from Sri Lanka in 2022:
- Jordan (250.0 units)
- Qatar (90.0 units)
- Maldives (1.0 units)
This report provides an in-depth analysis of the electric water heater market in Sri Lanka. 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:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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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