Italy: Electric Water Heater Market 2024

Electric Water Heater Market Size in Italy

In 2022, the Italian electric water heater market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Electric Water Heater Production in Italy

In value terms, electric water heater production soared to $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Electric Water Heater Exports

Exports from Italy

In 2022, approx. X units of electric water heaters and immersion heaters were exported from Italy; which is down by X% against 2021. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric water heater exports contracted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

France (X units) was the main destination for electric water heater exports from Italy, accounting for a X% share of total exports. Moreover, electric water heater exports to France exceeded the volume sent to the second major destination, Spain (X units), tenfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Germany (X% per year).

In value terms, France ($X), Spain ($X) and the United Arab Emirates ($X) appeared to be the largest markets for electric water heater exported from Italy worldwide, together comprising X% of total exports. Poland, Germany, Romania, Saudi Arabia, Russia, Belgium, the UK, Libya, the Netherlands and Nigeria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electric water heater export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to France ($X 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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into Italy

In 2022, the amount of electric water heaters and immersion heaters imported into Italy fell to X units, which is down by X% on 2021. Over the period under review, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, electric water heater imports soared to $X in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest electric water heater supplier to Italy, with a X% share of total imports. Moreover, electric water heater imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Egypt (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Egypt (X% per year).

In value terms, China ($X) constituted the largest supplier of electric water heaters and immersion heaters to Italy, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average electric water heater import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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