Brazil: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Brazil

In 2022, the Brazilian electric heating equipment market increased by 46% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a mild decrease. Electric heating equipment consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Electric Heating Equipment Production in Brazil

In value terms, electric heating equipment production shrank modestly to $X in 2022 estimated in export price. Overall, production showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 5.3% against the previous year. Electric heating equipment production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Electric Heating Equipment Exports

Exports from Brazil

In 2022, approx. X units of electric space heating apparatus and soil heating apparatus were exported from Brazil; shrinking by -72.2% on 2021. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 362% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric heating equipment exports shrank notably to $X in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 313% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for electric heating equipment exports from Brazil, with a 41% share of total exports. Moreover, electric heating equipment exports to Canada exceeded the volume sent to the second major destination, Uruguay (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-23.2% per year) and the United States (-22.1% per year).

In value terms, the largest markets for electric heating equipment exported from Brazil were the United States ($X), Canada ($X) and Peru ($X), with a combined 79% share of total exports. The Netherlands, Argentina, Uruguay, Thailand, Panama, Marshall Islands and Mexico lagged somewhat behind, together comprising a further 13%.

Thailand, with a CAGR of +71.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric heating equipment export price stood at $X per unit in 2022, increasing by 144% against the previous year. Over the period under review, the export price recorded a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Mexico ($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 Marshall Islands (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports into Brazil

In 2022, the amount of electric space heating apparatus and soil heating apparatus imported into Brazil soared to X units, with an increase of 60% compared with 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 419% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, electric heating equipment imports surged to $X in 2022. Over the period under review, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 258% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of electric heating equipment to Brazil, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of electric space heating apparatus and soil heating apparatus to Brazil.

From 2012 to 2022, the average annual growth rate of value from China stood at -3.5%.

Import Prices by Country

In 2022, the average electric heating equipment import price amounted to $X per unit, waning by -11.4% against the previous year. Over the period under review, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.2% per year.

Source: IndexBox Platform

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