Czech Republic: Electric Water Heater Market 2025

Electric Water Heater Market Size in the Czech Republic

In 2022, the Czech electric water heater market increased by 8.6% to $X, rising for the third year in a row after three years of decline. Overall, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +83.9% against 2019 indices. Electric water heater consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Electric Water Heater Exports

Exports from the Czech Republic

In 2022, after two years of decline, there was significant growth in shipments abroad of electric water heaters and immersion heaters, when their volume increased by 5.8% to X units. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 55%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, electric water heater exports declined to $X in 2022. Overall, exports, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 41% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X units), Poland (X units) and Hungary (X units) were the main destinations of electric water heater exports from the Czech Republic, with a combined 62% share of total exports. Germany, the United States, Lithuania, Croatia, Estonia, Greece and Italy lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +25.1%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and the United States ($X) appeared to be the largest markets for electric water heater exported from the Czech Republic worldwide, together accounting for 54% of total exports. Poland, Lithuania, Hungary, Croatia, Italy, Estonia and Greece lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Italy, with a CAGR of +13.6%, recorded 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

The average electric water heater export price stood at $X per unit in 2022, reducing by -18.4% against the previous year. Over the period under review, the export price showed a slight setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 18%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Greece ($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 Germany (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into the Czech Republic

In 2022, purchases abroad of electric water heaters and immersion heaters was finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.7% against 2017 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 45%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric water heater imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +5.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Germany (X units) and Poland (X units) were the main suppliers of electric water heater imports to the Czech Republic, with a combined 88% share of total imports. The United States, Italy and the Philippines lagged somewhat behind, together comprising a further 5.7%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +24.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electric water heaters and immersion heaters to the Czech Republic, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Poland, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.2% per year) and Poland (+4.6% per year).

Import Prices by Country

The average electric water heater import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 import price increased by +64.2% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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