Report Update Apr 1, 2024

Sri Lanka - Electric Water Heaters and Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Electric Water Heater Market 2024

Electric Water Heater Market Size in Sri Lanka

The Sri Lankan electric water heater market contracted markedly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a pronounced expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced rapidly in the following year.

Electric Water Heater Exports

Exports from Sri Lanka

In 2022, overseas shipments of electric water heaters and immersion heaters increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 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 skyrocketed to $X in 2022. Over the period under review, exports enjoyed noticeable growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Jordan (X units) was the main destination for electric water heater exports from Sri Lanka, with a X% share of total exports. Moreover, electric water heater exports to Jordan exceeded the volume sent to the second major destination, Qatar (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Jordan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Maldives (X% per year).

In value terms, the largest markets for electric water heater exported from Sri Lanka were Jordan ($X), Qatar ($X) and Maldives ($X), with a combined X% share of total exports.

Among the main countries of destination, Jordan, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average electric water heater export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Jordan ($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 Maldives (X%).

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Electric Water Heater Imports

Imports into Sri Lanka

In 2022, the amount of electric water heaters and immersion heaters imported into Sri Lanka dropped rapidly to X units, with a decrease of X% against 2021. In general, imports, however, recorded a temperate increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then contracted dramatically in the following year.

In value terms, electric water heater imports declined notably to $X in 2022. Over the period under review, imports, however, posted a perceptible expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

Malaysia (X units), China (X units) and Italy (X units) were the main suppliers of electric water heater imports to Sri Lanka, together accounting for X% of total imports.

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

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

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

Import Prices by Country

In 2022, the average electric water heater import price amounted to $X per unit, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

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

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Frequently Asked Questions (FAQ) :

What are the largest markets for electric water heaters and immersion heaters in the world?

China remains the largest electric water heater consuming country worldwide, accounting for 22% of total volume. Moreover, electric water heater consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 7.7% share.

What are the largest producers of electric water heaters and immersion heaters in the world?

China constituted the country with the largest volume of electric water heater production, comprising approx. 32% of total volume. Moreover, electric water heater production in China exceeded the figures recorded by the second-largest producer, India, fourfold. Pakistan ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of electric water heaters and immersion heaters to Sri Lanka?

In value terms, Malaysia constituted the largest supplier of electric water heaters and immersion heaters to Sri Lanka, comprising 45% of total imports. The second position in the ranking was held by China, with a 20% share of total imports. It was followed by Italy, with a 17% share.

What are the leading importers of electric water heaters and immersion heaters from Sri Lanka?

In value terms, Jordan, Qatar and Maldives $72) constituted the largest markets for electric water heater exported from Sri Lanka worldwide, together accounting for 98% of total exports.

What is the average export price for electric water heaters and immersion heaters in Sri Lanka?

In 2022, the average electric water heater export price amounted to $68 per unit, picking up by 13% against the previous year.

What is the average import price for electric water heaters and immersion heaters in Sri Lanka?

The average electric water heater import price stood at $39 per unit in 2022, with a decrease of -6.3% against the previous year.

This report provides an in-depth analysis of the electric water heater market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023