Italy - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDecline in Italy's Electric Water Heater Exports Plunge to $28M in November 2023
Italy Electric Water Heater Exports
In November 2023, shipments abroad of electric water heaters and immersion heaters decreased by -17.5% to 748K units for the first time since August 2023, thus ending a two-month rising trend. In general, total exports indicated a modest increase from November 2022 to November 2023: its volume increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, exports decreased by -17.5% against October 2023 indices. The pace of growth appeared the most rapid in September 2023 when exports increased by 102% month-to-month. The exports peaked at 907K units in October 2023, and then reduced sharply in the following month.
In value terms, electric water heater exports contracted to $28M (IndexBox estimates) in November 2023. Over the period under review, total exports indicated tangible growth from November 2022 to November 2023: its value increased at an average monthly rate of +3.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, exports increased by +72.1% against August 2023 indices. The pace of growth was the most pronounced in September 2023 when exports increased by 71% month-to-month. Over the period under review, the exports attained the peak figure at 30M units in October 2023, and then fell in the following month.
| COUNTRY | Export Value of Electric Water Heater in Italy (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| France | 2.3 | 2.2 | 2.3 | 2.9 | 3.0 | 2.6 | 2.9 | 4.1 | 3.6 | 1.9 | 4.0 | 4.1 | 3.5 |
| United Arab Emirates | 0.2 | 0.6 | 1.6 | 2.1 | 2.7 | 1.3 | 3.4 | 2.9 | 2.1 | 2.0 | 2.5 | 2.8 | 2.9 |
| Romania | 0.8 | 0.5 | 1.3 | 0.8 | 0.9 | 0.7 | 0.8 | 1.5 | 1.1 | 0.6 | 1.3 | 1.3 | 1.7 |
| Poland | 1.1 | 1.3 | 1.6 | 1.9 | 1.0 | 1.1 | 1.4 | 0.8 | 1.0 | 0.6 | 1.1 | 1.4 | 1.5 |
| Germany | 0.6 | 1.2 | 1.2 | 1.3 | 0.9 | 1.2 | 1.6 | 1.1 | 1.5 | 0.8 | 1.4 | 1.3 | 1.5 |
| Czech Republic | 0.4 | < 0.1 | 0.4 | 0.3 | 0.4 | 0.4 | 0.5 | 0.4 | 0.5 | 0.3 | 0.7 | 0.6 | 0.6 |
| Others | 13.2 | 13.0 | 12.4 | 16.7 | 17.7 | 15.9 | 17.6 | 16.1 | 16.5 | 9.8 | 16.2 | 17.9 | 15.8 |
| Total | 18.6 | 18.8 | 20.6 | 26.0 | 26.7 | 23.2 | 28.1 | 26.8 | 26.4 | 16.0 | 27.4 | 29.6 | 27.5 |
Exports by Country
France (387K units) was the main destination for electric water heater exports from Italy, with a 52% share of total exports. Moreover, electric water heater exports to France exceeded the volume sent to the second major destination, Germany (35K units), more than tenfold. The Czech Republic (34K units) ranked third in terms of total exports with a 4.6% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of volume to France amounted to +1.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (+7.9% per month) and the Czech Republic (+3.2% per month).
In value terms, France ($3.5M), the United Arab Emirates ($2.9M) and Romania ($1.7M) appeared to be the largest markets for electric water heater exported from Italy worldwide, together comprising 30% of total exports.
In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +24.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In November 2023, the electric water heater price stood at $36.7 per unit (FOB, Italy), surging by 13% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in June 2023 an increase of 30% month-to-month. As a result, the export price attained the peak level of $49,097 per thousand units. From July 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($105 per unit), while the average price for exports to France ($9.1 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the electric water heater market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
