Uzbekistan: Electric Water Heater Market 2024

Electric Water Heater Market Size in Uzbekistan

The Uzbek electric water heater market shrank slightly to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a temperate increase. As a result, consumption attained the peak level of $X, and then shrank slightly in the following year.

Electric Water Heater Production in Uzbekistan

In value terms, electric water heater production stood at $X in 2022 estimated in export price. In general, production recorded a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electric Water Heater Exports

Exports from Uzbekistan

In 2022, the amount of electric water heaters and immersion heaters exported from Uzbekistan soared to X units, rising by X% on the year before. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, electric water heater exports surged to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Kazakhstan (X units) was the main destination for electric water heater exports from Uzbekistan, with a X% share of total exports. Moreover, electric water heater exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X units), twofold. The third position in this ranking was held by Kyrgyzstan (X units), with a X% share.

From 2017 to 2022, the average annual growth rate of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Kyrgyzstan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for electric water heaters and immersion heaters exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was held by Tajikistan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2017 to 2022, the average annual growth rate of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average electric water heater export price stood at $X per unit in 2022, declining by X% against the previous year. Over the last five-year period, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkmenistan ($X per unit) and Russia ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) and Kazakhstan ($X per unit) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into Uzbekistan

Electric water heater imports into Uzbekistan rose markedly to X units in 2022, with an increase of X% compared with 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, electric water heater imports rose slightly to $X in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

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

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia 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).

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

From 2017 to 2022, the average annual growth rate of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average electric water heater import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2017 to 2022: its price increased at an average annual rate of X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric water heater import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

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 Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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