United Kingdom - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in the UK - 2023
Contents:
- Electric Water Heater Price in the UK (CIF) - 2022
- Electric Water Heater Price in the UK (FOB) - 2022
- Electric Water Heater Imports in the UK
- Electric Water Heater Exports in the UK
Electric Water Heater Price in the UK (CIF) - 2022
In 2022, the average electric water heater import price amounted to $26 per unit, with an increase of 2.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Germany ($82 per unit), while the price for Poland ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Water Heater Price in the UK (FOB) - 2022
In 2022, the average electric water heater export price amounted to $99 per unit, with an increase of 5.1% against the previous year. Overall, export price indicated strong growth 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 +113.8% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 48% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($197 per unit), while the average price for exports to Cyprus ($28 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 Poland (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Imports in the UK
In 2022, approx. 7.8M units of electric water heaters and immersion heaters were imported into the UK; which is down by -9.6% against 2021 figures. In general, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 5.7% against the previous year. As a result, imports reached the peak of 8.6M units, and then shrank in the following year.
In value terms, electric water heater imports shrank to $199M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30%. As a result, imports attained the peak of $214M, and then fell in the following year.
| Import of Electric Water Heater in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 98.6 | 95.3 | 112 | 127 | 8.8% |
| Germany | 8.2 | 9.9 | 11.8 | 10.3 | 7.9% |
| Italy | 7.4 | 9.3 | 20.5 | 6.9 | -2.3% |
| Poland | 0.3 | 0.3 | 0.5 | 1.6 | 74.7% |
| Others | 52.0 | 49.5 | 69.4 | 53.8 | 1.1% |
| Total | 166 | 164 | 214 | 199 | 6.2% |
Top Suppliers of Electric Water Heater to the UK in 2022:
- China (6.8M units)
- Italy (0.2M units)
- Germany (0.1M units)
- Poland (0.1M units)
Electric Water Heater Exports in the UK
In 2022, the amount of electric water heaters and immersion heaters exported from the UK dropped to 712K units, which is down by -5.9% against the previous year. Over the period under review, exports recorded a abrupt curtailment. The smallest decline of -3% was in 2020. Over the period under review, the exports reached the maximum at 1.1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, electric water heater exports declined modestly to $70M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of $75M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Electric Water Heater in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 31.4 | 40.1 | 33.3 | 31.7 | 0.3% |
| Netherlands | 2.0 | 2.1 | 3.2 | 5.2 | 37.5% |
| United States | 1.9 | 2.5 | 2.1 | 3.4 | 21.4% |
| France | 4.4 | 3.7 | 4.5 | 3.2 | -10.1% |
| Germany | 1.9 | 5.9 | 2.1 | 2.2 | 5.0% |
| United Arab Emirates | 5.5 | 2.1 | 3.0 | 1.4 | -36.6% |
| Poland | 0.8 | 0.7 | 1.0 | 1.4 | 20.5% |
| Spain | 1.1 | 0.8 | 1.8 | 1.0 | -3.1% |
| China | 0.4 | 0.4 | 0.9 | 0.5 | 7.7% |
| Cyprus | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| Others | 16.5 | 15.9 | 18.8 | 19.8 | 6.3% |
| Total | 66.3 | 74.7 | 71.0 | 70.2 | 1.9% |
Top Export Markets for Electric Water Heater from the UK in 2022:
- Ireland (414.2K units)
- France (63.3K units)
- United States (38.1K units)
- Netherlands (26.4K units)
- United Arab Emirates (16.9K units)
- Poland (14.9K units)
- Germany (13.2K units)
- Cyprus (12.6K units)
- China (10.6K units)
- Spain (3.0K units)
This report provides an in-depth analysis of the electric water heater market in the UK. 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 Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
513
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