Report Update Nov 1, 2024

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

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Central Asia: Electric Water Heater Market 2024

Electric Water Heater Exports

Exports in Central Asia

In 2022, approx. X units of electric water heaters and immersion heaters were exported in Central Asia; increasing by 93% compared with the previous year. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 1,866% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, electric water heater exports skyrocketed to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,086% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

In 2022, Uzbekistan (X units) represented the key exporter of electric water heaters and immersion heaters, constituting 81% of total exports. It was distantly followed by Kazakhstan (X units), committing an 18% share of total exports.

Uzbekistan was also the fastest-growing in terms of the electric water heaters and immersion heaters exports, with a CAGR of +45.3% from 2012 to 2022. At the same time, Kazakhstan (+44.9%) displayed positive paces of growth. Uzbekistan (+81 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -41.2% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) remains the largest electric water heater supplier in Central Asia, comprising 74% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Uzbekistan stood at +48.7%.

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, with a decrease of -18.1% against the previous year. In general, the export price showed a abrupt downturn. The growth pace was the most rapid in 2013 an increase of 124%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.3%).

Electric Water Heater Imports

Imports in Central Asia

In 2022, approx. X units of electric water heaters and immersion heaters were imported in Central Asia; rising by 30% on 2021. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 49%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, electric water heater imports soared to $X in 2022. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Kazakhstan (X units) was the key importer of electric water heaters and immersion heaters, generating 52% of total imports. It was distantly followed by Tajikistan (X units), Uzbekistan (X units), Kyrgyzstan (X units) and Turkmenistan (X units), together generating a 46% share of total imports. Mongolia (X units) took a minor share of total imports.

Imports into Kazakhstan increased at an average annual rate of +7.5% from 2012 to 2022. At the same time, Uzbekistan (+23.8%), Mongolia (+15.5%), Tajikistan (+13.1%) and Turkmenistan (+1.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +23.8% from 2012-2022. Kyrgyzstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan and Tajikistan increased by +14 and +5.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported electric water heaters and immersion heaters in Central Asia, comprising 63% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 14% share of total imports. It was followed by Tajikistan, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +9.7%. In the other countries, the average annual rates were as follows: Uzbekistan (+31.3% per year) and Tajikistan (+10.0% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per unit, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 17%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+6.1%), while the other leaders 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 Central Asia?

The country with the largest volume of electric water heater consumption was Uzbekistan, accounting for 66% of total volume. Moreover, electric water heater consumption in Uzbekistan exceeded the figures recorded by the second-largest consumer, Kazakhstan, fourfold. The third position in this ranking was occupied by Tajikistan, with an 11% share.

What are the largest producers of electric water heaters and immersion heaters in Central Asia?

Uzbekistan remains the largest electric water heater producing country in Central Asia, comprising approx. 100% of total volume.

What are the leading suppliers of electric water heaters and immersion heaters in Central Asia?

In value terms, Uzbekistan remains the largest electric water heater supplier in Central Asia, comprising 98% of total exports. The second position in the ranking was occupied by Kazakhstan, with a 1.1% share of total exports.

What are the leading importers of electric water heaters and immersion heaters in Central Asia?

In value terms, the largest electric water heater importing markets in Central Asia were Kazakhstan, Uzbekistan and Tajikistan, together accounting for 84% of total imports.

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

In 2021, the export price in Central Asia amounted to $77 per unit, with an increase of 71% against the previous year.

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

The import price in Central Asia stood at $49 per unit in 2021, increasing by 3.6% against the previous year.

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

Kazakhstan
Kyrgyzstan
Mongolia
Tajikistan
Turkmenistan
Uzbekistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Central Asia, split by region and country
Trade (exports and imports) in Central Asia
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Kazakhstan
- Kyrgyzstan
- Mongolia
- Tajikistan
- Turkmenistan
- Uzbekistan
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023