Vietnam - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Vietnam - 2022
Contents:
- Electric Water Heater Price in Vietnam (FOB) - 2022
- Electric Water Heater Price in Vietnam (CIF) - 2022
- Electric Water Heater Exports in Vietnam
- Electric Water Heater Imports in Vietnam
Electric Water Heater Price in Vietnam (FOB) - 2022
In 2022, the average electric water heater export price amounted to $71 per unit, picking up by 16% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $78 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($173 per unit), while the average price for exports to the Philippines ($19 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 South Korea (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Price in Vietnam (CIF) - 2022
In 2022, the average electric water heater import price amounted to $61 per unit, increasing by 2.2% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 import price decreased by -2.1% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 66% against the previous year. Over the period under review, average import prices attained the peak figure at $63 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($67 per unit), while the price for China ($41 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Water Heater Exports in Vietnam
In 2022, overseas shipments of electric water heaters and immersion heaters decreased by -19.5% to 804K units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 24%. The exports peaked at 999K units in 2021, and then contracted significantly in the following year.
In value terms, electric water heater exports fell to $57M in 2022. The total export value increased at an average annual rate of +12.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 32%. Over the period under review, the exports attained the peak figure at $62M in 2021, and then dropped in the following year.
| Export of Electric Water Heater in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 11.4 | 9.8 | 11.5 | 18.0 | 16.4% |
| Australia | 7.9 | 6.9 | 8.2 | 9.5 | 6.3% |
| India | 9.5 | 4.0 | 8.5 | 8.3 | -4.4% |
| United States | 0.6 | 20.6 | 16.2 | 7.4 | 131.0% |
| Philippines | 1.9 | 3.2 | 3.9 | 4.4 | 32.3% |
| South Korea | 4.1 | 2.5 | 3.4 | 2.4 | -16.3% |
| Singapore | 0.9 | 1.3 | 1.8 | 1.6 | 21.1% |
| Saudi Arabia | N/A | N/A | 2.8 | N/A | 0% |
| Others | 4.1 | 5.0 | 5.3 | 5.8 | 12.3% |
| Total | 40.3 | 53.4 | 61.5 | 57.4 | 12.5% |
Top Export Markets for Electric Water Heater from Vietnam in 2022:
- Philippines (228.9K units)
- Indonesia (195.7K units)
- India (134.0K units)
- United States (82.4K units)
- Australia (54.9K units)
- South Korea (27.2K units)
- Singapore (18.3K units)
Electric Water Heater Imports in Vietnam
In 2022, after two years of decline, there was significant growth in supplies from abroad of electric water heaters and immersion heaters, when their volume increased by 14% to 433K units. Over the period under review, imports, however, faced a abrupt slump. Imports peaked at 679K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electric water heater imports surged to $27M in 2022. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports reached the maximum at $42M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Electric Water Heater in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 20.5 | 14.4 | 12.2 | 14.9 | -10.1% |
| China | 7.5 | 4.5 | 4.0 | 3.6 | -21.7% |
| Thailand | 6.6 | 3.8 | 1.6 | 2.8 | -24.9% |
| Singapore | 3.4 | 2.6 | 1.0 | 1.2 | -29.3% |
| Germany | 0.8 | 1.1 | 0.8 | 0.8 | 0.0% |
| Others | 3.5 | 4.0 | 3.4 | 3.3 | -1.9% |
| Total | 42.3 | 30.3 | 22.9 | 26.6 | -14.3% |
Top Suppliers of Electric Water Heater to Vietnam in 2022:
- Malaysia (222.6K units)
- China (89.4K units)
- Thailand (41.1K units)
- Singapore (21.0K units)
- Germany (15.1K units)
This report provides an in-depth analysis of the electric water heater market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
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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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