MERCOSUR: Electric Water Heater Market 2024

Electric Water Heater Market Size in MERCOSUR

The MERCOSUR electric water heater market dropped to $X in 2022, waning by X% against the previous year. The total consumption indicated a strong increase 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. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Electric Water Heater Production in MERCOSUR

In value terms, electric water heater production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Electric Water Heater Exports

Exports in MERCOSUR

In 2022, shipments abroad of electric water heaters and immersion heaters decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated pronounced growth from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then shrank sharply in the following year.

In value terms, electric water heater exports declined remarkably 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 in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

The shipments of the one major exporters of electric water heaters and immersion heaters, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the electric water heaters and immersion heaters exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest electric water heater supplier in MERCOSUR.

In Brazil, electric water heater exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a slight setback. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Electric Water Heater Imports

Imports in MERCOSUR

Electric water heater imports contracted modestly to X units in 2022, standing approx. at the previous year. Total imports indicated a prominent increase from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, electric water heater imports fell to $X in 2022. The total import 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 pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Brazil represented the major importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Peru (X units), Ecuador (X units) and Chile (X units), together making up a X% share of total imports. The following importers - Argentina (X units), Colombia (X units) and Paraguay (X units) - together made up X% of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%), Argentina (X%) and Peru (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Paraguay and Colombia experienced a relatively flat trend pattern. By contrast, Chile (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Ecuador (X p.p.) and Argentina (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (X p.p.), Paraguay (X p.p.), Colombia (X p.p.) and Chile (X p.p.) displayed negative dynamics.

In value terms, the largest electric water heater importing markets in MERCOSUR were Brazil ($X), Peru ($X) and Chile ($X), with a combined X% share of total imports. Paraguay, Ecuador, Argentina and Colombia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Argentina, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, remaining stable against the previous year. In general, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Paraguay ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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