Report Update Nov 1, 2024

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

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Argentina: Electric Water Heater Market 2024

Electric Water Heater Market Size in Argentina

After two years of growth, the Argentinian electric water heater market decreased by -30.9% to $X in 2022. Over the period under review, consumption, however, recorded a significant expansion. Electric water heater consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Electric Water Heater Exports

Exports from Argentina

In 2022, after two years of growth, there was significant decline in overseas shipments of electric water heaters and immersion heaters, when their volume decreased by -22.6% to X units. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, electric water heater exports contracted to $X in 2022. In general, exports saw a pronounced decline. The pace of growth was the most pronounced in 2013 with an increase of 62%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for electric water heater exports from Argentina, accounting for a 82% share of total exports. Moreover, electric water heater exports to Uruguay exceeded the volume sent to the second major destination, Bolivia (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Uruguay stood at +48.7%.

In value terms, Uruguay ($X) and Bolivia ($X) appeared to be the largest markets for electric water heater exported from Argentina worldwide.

In terms of the main countries of destination, Uruguay, with a CAGR of +11.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average electric water heater export price stood at $X per unit in 2022, rising by 23% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Uruguay totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+8.3%), while the prices for the other major destinations experienced a decline.

Electric Water Heater Imports

Imports into Argentina

In 2022, supplies from abroad of electric water heaters and immersion heaters decreased by -23.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 186%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electric water heater imports dropped markedly to $X in 2022. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 101% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Brazil (X units) and France (X units) were the main suppliers of electric water heater imports to Argentina, together comprising 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +135.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electric water heaters and immersion heaters to Argentina, comprising 63% of total imports. The second position in the ranking was held by Brazil ($X), with a 7.2% share of total imports. It was followed by France, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+54.4% per year) and France (+72.5% per year).

Import Prices by Country

The average electric water heater import price stood at $X per unit in 2022, reducing by -17.6% against the previous year. In general, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 39% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Uruguay ($X per unit), while the price for Brazil ($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 (+61.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were China, South Africa and India, together accounting for 85% of global consumption.

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, accounting for 78% of total volume. Moreover, electric water heater production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Brazil ranked third in terms of total production with a 1.8% share.

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

In value terms, China constituted the largest supplier of electric water heater to Argentina, comprising 78% of total imports. The second position in the ranking was occupied by Uruguay, with a 3.4% share of total imports. It was followed by Brazil, with a 2.6% share.

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

In value terms, Chile remains the key foreign market for electric water heater exports from Argentina, comprising 80% of total exports. The second position in the ranking was occupied by Bolivia, with an 11% share of total exports. It was followed by Peru, with a 4.2% share.

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

The average electric water heater export price stood at $83 per unit in 2021, with a decrease of -6.9% against the previous year.

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

The average electric water heater import price stood at $27 per unit in 2021, with a decrease of -38.3% against the previous year.

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

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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