Canada - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCanada Experiences Rapid Increase in Electric Water Heater Prices, With Units Now Costing $159 per Unit
Canada Electric Water Heater Import Price in June 2023
In June 2023, the electric water heater price stood at $159 per unit (CIF, Canada), picking up by 21% against the previous month. In general, import price indicated mild growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, electric water heater import price increased by +50.8% against April 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 53% month-to-month. The import price peaked in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($223 per unit), while the price for China ($35.6 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Electric Water Heater in Canada (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| United States | 192 | 125 | 144 | 86.9 | 132 | 129 | 137 | 149 | 194 | 136 | 167 | 215 | 223 |
| Mexico | 148 | 132 | 131 | 176 | 183 | 159 | 84.1 | 186 | 124 | 175 | 154 | 180 | 180 |
| Germany | 70.5 | 29.0 | 168 | 67.7 | 64.3 | 112 | 58.5 | 39.3 | 220 | 101 | 54.0 | 169 | 95.1 |
| China | 26.8 | 20.8 | 22.7 | 18.8 | 24.2 | 24.9 | 33.8 | 19.7 | 31.2 | 20.6 | 19.8 | 24.5 | 35.6 |
| Average | 132 | 83.1 | 97.9 | 68.2 | 104 | 111 | 105 | 109 | 123 | 109 | 106 | 132 | 159 |
Canada Electric Water Heater Imports
For the third month in a row, Canada recorded decline in overseas purchases of electric water heaters and immersion heaters, which decreased by -9.4% to 80K units in June 2023. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in July 2022 with an increase of 36% month-to-month. Over the period under review, imports reached the maximum at 158K units in September 2022; however, from October 2022 to June 2023, imports stood at a somewhat lower figure.
In value terms, electric water heater imports totaled $13M (IndexBox estimates) in June 2023. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 with an increase of 15% against the previous month. Imports peaked at 14M units in November 2022; however, from December 2022 to June 2023, imports remained at a lower figure.
Canada Electric Water Heater Imports by Country
the United States (39K units), China (21K units) and Mexico (14K units) were the main suppliers of electric water heater imports to Canada, together accounting for 94% of total imports. These countries were followed by Italy and Germany, which together accounted for a further 3.2%.
From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +6.5%), while imports for the other leaders experienced a decline.
In value terms, the United States ($8.8M) constituted the largest supplier of electric water heater to Canada, comprising 69% of total imports. The second position in the ranking was taken by Mexico ($2.6M), with a 20% share of total imports. It was followed by China, with a 6% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (-2.3% per month) and China (+1.8% per month).
This report provides an in-depth analysis of the electric water heater market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
