Portugal: Electric Water Heater Market 2024

Electric Water Heater Market Size in Portugal

The Portuguese electric water heater market fell rapidly to $X in 2022, which is down by X% against the previous year. In general, consumption recorded a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Electric Water Heater Production in Portugal

In value terms, electric water heater production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Electric Water Heater Exports

Exports from Portugal

In 2022, the amount of electric water heaters and immersion heaters exported from Portugal shrank significantly to X units, which is down by X% compared with 2021. Over the period under review, exports, however, posted buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric water heater exports dropped notably to $X in 2022. In general, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

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

In value terms, Germany ($X) remains the key foreign market for electric water heaters and immersion heaters exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

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

Export Prices by Country

The average electric water heater export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 Ireland ($X per unit), while the average price for exports to Denmark ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into Portugal

In 2022, supplies from abroad of electric water heaters and immersion heaters decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, electric water heater imports fell to $X in 2022. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

China (X units), Spain (X units) and Germany (X units) were the main suppliers of electric water heater imports to Portugal, with a combined X% share of total imports. The Netherlands, Egypt, Italy, Bulgaria and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2022, the average electric water heater import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, showed a mild contraction. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Egypt ($X per unit), while the price for the Netherlands ($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 a decline.

Source: IndexBox Platform

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