United Kingdom: Electric Water Heater Market 2025

Electric Water Heater Market Size in the UK

The UK electric water heater market reduced to $X in 2022, which is down by -8% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.3% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Electric Water Heater Production in the UK

In value terms, electric water heater production fell remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Electric Water Heater Exports

Exports from the UK

For the fourth consecutive year, the UK recorded decline in shipments abroad of electric water heaters and immersion heaters, which decreased by -5.9% to X units in 2022. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 53%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric water heater exports contracted to $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 15% 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

Ireland (X units) was the main destination for electric water heater exports from the UK, accounting for a 58% share of total exports. Moreover, electric water heater exports to Ireland exceeded the volume sent to the second major destination, France (X units), sevenfold. The United States (X units) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+16.5% per year) and the United States (+15.8% per year).

In value terms, Ireland ($X) remains the key foreign market for electric water heaters and immersion heaters exports from the UK, comprising 45% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 7.4% share of total exports. It was followed by the United States, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.8% per year) and the United States (+14.9% per year).

Export Prices by Country

The average electric water heater export price stood at $X per unit in 2022, growing by 5.1% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric water heater export price increased by +113.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Cyprus ($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 Poland (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into the UK

Electric water heater imports into the UK declined to X units in 2022, waning by -9.6% compared with the previous year's figure. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, electric water heater imports declined to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +123.6% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electric water heater supplier to the UK, accounting for a 88% share of total imports. It was followed by Italy (X units), with a 2.7% share of total imports. The third position in this ranking was held by Poland (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.7% per year) and Poland (+19.4% per year).

In value terms, China ($X) constituted the largest supplier of electric water heaters and immersion heaters to the UK, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.2% share of total imports. It was followed by Italy, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.5% per year) and Italy (+6.0% per year).

Import Prices by Country

In 2022, the average electric water heater import price amounted to $X per unit, surging by 2.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 23% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Germany ($X per unit), while the price for Poland ($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 (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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