Egypt: Electric Water Heater Market 2025

Electric Water Heater Market Size in Egypt

The Egyptian electric water heater market soared to $X in 2022, growing by 35% against the previous year. Overall, consumption posted strong growth. Electric water heater consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Electric Water Heater Production in Egypt

In value terms, electric water heater production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2013 when the production volume increased by 191% against the previous year. Electric water heater production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electric Water Heater Exports

Exports from Egypt

In 2022, electric water heater exports from Egypt shrank to X units, with a decrease of -10.4% against the previous year's figure. In general, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electric water heater exports rose to $X in 2022. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X units), Spain (X units) and Libya (X units) were the main destinations of electric water heater exports from Egypt, with a combined 65% share of total exports. Italy, Jordan, Morocco, the United Arab Emirates, Romania, Portugal, Uruguay and Poland lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +30.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Libya ($X) appeared to be the largest markets for electric water heater exported from Egypt worldwide, with a combined 65% share of total exports. Italy, Jordan, Morocco, the United Arab Emirates, Romania, Portugal, Uruguay and Poland lagged somewhat behind, together accounting for a further 19%.

In terms of the main countries of destination, Portugal, with a CAGR of +39.6%, saw the highest growth rate of 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

In 2022, the average electric water heater export price amounted to $X per unit, picking up by 15% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Portugal ($X per unit) and Jordan ($X per unit), while the average price for exports to Uruguay ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into Egypt

In 2022, supplies from abroad of electric water heaters and immersion heaters decreased by -46.3% to X units, falling for the third consecutive year after two years of growth. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 58%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, electric water heater imports shrank rapidly to $X in 2022. Over the period under review, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 62% against the previous year. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electric water heater supplier to Egypt, accounting for a 47% share of total imports. Moreover, electric water heater imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 23% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.7% per year) and Italy (-7.1% per year).

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest electric water heater suppliers to Egypt, together accounting for 90% of total imports.

Germany, with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electric water heater import price stood at $X per unit in 2022, which is down by -6.8% against the previous year. In general, the import price, however, showed a slight expansion. The pace of growth was the most pronounced in 2021 an increase of 75%. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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