U.S. - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingElectric Water Heater Price in the United States - 2023
Contents:
- Electric Water Heater Price in the United States (CIF) - 2023
- Electric Water Heater Price in the United States (FOB) - 2022
- Electric Water Heater Imports in the United States
- Electric Water Heater Exports in the United States
Electric Water Heater Price in the United States (CIF) - 2023
In September 2023, the average electric water heater import price amounted to $46.6 per unit, which is down by -15.4% against the previous month. In general, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 21% month-to-month. Over the period under review, average import prices attained the maximum at $79.6 per unit in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($138 per unit), while the price for China ($18.0 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 Germany (+1.9%), while the prices for the other major suppliers experienced a decline.
Electric Water Heater Price in the United States (FOB) - 2022
The average electric water heater export price stood at $175 per unit in 2022, rising by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2015 an increase of 25%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue 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 Taiwan (Chinese) ($387 per unit), while the average price for exports to Mexico ($128 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 China (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Imports in the United States
In 2022, supplies from abroad of electric water heaters and immersion heaters decreased by -1.4% to 15M units, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. As a result, imports reached the peak of 15M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, electric water heater imports surged to $783M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Electric Water Heater in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 307 | 314 | 360 | 471 | 15.3% |
| China | 146 | 152 | 170 | 164 | 4.0% |
| Canada | 62.6 | 43.2 | 39.3 | 42.5 | -12.1% |
| Germany | 25.3 | 28.7 | 37.9 | 39.9 | 16.4% |
| Others | 70.4 | 76.7 | 71.9 | 65.6 | -2.3% |
| Total | 612 | 614 | 679 | 783 | 8.6% |
Top Suppliers of Electric Water Heater to the United States in 2022:
- China (9.1M units)
- Mexico (3.9M units)
- Canada (0.4M units)
- Germany (0.4M units)
Electric Water Heater Exports in the United States
In 2022, the amount of electric water heaters and immersion heaters exported from the United States shrank modestly to 1.6M units, standing approx. at 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports attained the peak of 1.6M units, leveling off in the following year.
In value terms, electric water heater exports surged to $272M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 19%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Electric Water Heater in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 77.4 | 76.0 | 89.6 | 110 | 12.4% |
| Mexico | 25.4 | 25.5 | 27.9 | 28.5 | 3.9% |
| China | 11.0 | 12.0 | 14.2 | 17.6 | 17.0% |
| Taiwan (Chinese) | 5.3 | 4.7 | 6.1 | 12.2 | 32.0% |
| Germany | 8.8 | 5.3 | 8.3 | 8.4 | -1.5% |
| Singapore | 5.5 | 3.2 | 8.6 | 8.1 | 13.8% |
| Qatar | 2.9 | 2.4 | 3.4 | 7.0 | 34.1% |
| Saudi Arabia | 10.8 | 9.4 | 11.3 | 6.2 | -16.9% |
| Japan | 4.8 | 2.9 | 3.7 | 6.1 | 8.3% |
| South Korea | 13.4 | 9.1 | 7.9 | 4.6 | -30.0% |
| United Kingdom | 7.4 | 5.1 | 6.6 | 4.4 | -15.9% |
| Others | 46.4 | 41.3 | 47.4 | 58.1 | 7.8% |
| Total | 219 | 197 | 235 | 272 | 7.5% |
Top Export Markets for Electric Water Heater from the United States in 2022:
- Canada (810.7K units)
- Mexico (222.2K units)
- China (45.9K units)
- Singapore (34.2K units)
- Taiwan (Chinese) (31.5K units)
- United Kingdom (29.9K units)
- Saudi Arabia (27.1K units)
- Japan (27.0K units)
- Qatar (25.8K units)
- Germany (25.1K units)
- South Korea (12.5K units)
This report provides an in-depth analysis of the electric water heater market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
1127
This report provides an in-depth analysis of the electric water heater market in the U.S..
340
This report provides an in-depth analysis of the domestic electric oven market in the USA.
108
This report provides an in-depth analysis of the domestic electro-thermic appliances market in the U.S..
438
This report provides an in-depth analysis of the hair curler market in the U.S..
474
This report provides an in-depth analysis of the electric heating radiator market in the U.S..
363
This report provides an in-depth analysis of the electric radiator market in the U.S..
382
This report provides an in-depth analysis of the electric heating resistor market in the U.S..
399
This report provides an in-depth analysis of the electric hand-dryer market in the U.S..
490
This report provides an in-depth analysis of the electric hair dryer market in the U.S..
411
This report provides an in-depth analysis of the market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in the U.S..
271
In February 2023, the price of electric water heaters was $63.8 CIF (US) per unit, a 15% increase from the previous month.
299
In August 2022, the average electric water heater import price amounted to $50 per unit (CIF, US) falling by -10.6% against the previous month.
491
U.S. electric water heater imports soared to a record $681M in 2021, increasing more than twofold over the past decade. Mexico, China and Canada remain the leading suppliers of water heaters to the U.S.
77
During the review period, Hair Curler imports reached a peak of 3.8M units in May 2023 before stabilizing until December 2023. In terms of value, imports saw a significant decline to $32M by December 2023.
230
Hair Curler imports reached a record high of $46 million in May 2023.
350
Electric heating radiator imports reached a staggering $2.6 million in June 2023.
238
In terms of value, imports of Electric Heating Resistors decreased to $60M in July 2023.
117
During the review period, Electric Hair Dryer imports reached a peak of 2.3M units in May 2023, but from June to December 2023, the number of imports decreased. In terms of value, Electric Hair Dryer imports dropped significantly to $21M in December 2023.
343
In April 2023, the electric hair dryer price amounted to $15.2 per unit (CIF, US), declining by -5.9% against the previous month.
252
In February 2023, the price of a microwave oven was $75.9 (CIF, US) - an 11% increase compared to the previous month.
