Latin America and the Caribbean: Nonelectric Water Heater Market 2020

Nonelectric Water Heater Market Size in Latin America and the Caribbean

The revenue of the nonelectric water heater market in Latin America and the Caribbean amounted to $X in 2017, coming down by -X% against the previous year. The nonelectric water heater consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when it surged by X% against the previous year. The level of nonelectric water heater consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Nonelectric Water Heater Production in Latin America and the Caribbean

In 2017, the amount of non-electric instantaneous or storage water heaters produced in Latin America and the Caribbean totaled X units, standing approx. at the previous year. The nonelectric water heater production continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% y-o-y. The volume of nonelectric water heater production peaked of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Nonelectric Water Heater Exports in Latin America and the Caribbean

In 2017, approx. X units of non-electric instantaneous or storage water heaters were exported in Latin America and the Caribbean; flattening at the previous year. The total exports indicated a measured increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the nonelectric water heater exports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2014, when exports increased by X% y-o-y. In that year, the nonelectric water heater exports reached their peak volume of X units. From 2015 to 2017, growth of the nonelectric water heater exports stood at a somewhat lower level.

In value terms, nonelectric water heater exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. In that year, the nonelectric water heater exports attained their peak level of $X. From 2015 to 2017, growth of the nonelectric water heater exports stood at a somewhat lower level.

Nonelectric Water Heater Exports by Country in Latin America and the Caribbean

The exports of the one major exporters of non-electric instantaneous or storage water heaters, namely Mexico, represented more than two-thirds of total export.

Mexico was also the fastest growing in terms of the non-electric instantaneous or storage water heaters exports, with a CAGR of +X% from 2007 to 2017. While the share of Mexico (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest nonelectric water heater supplier in Latin America and the Caribbean.

In Mexico, nonelectric water heater exports increased at an average annual rate of +X% over the period from 2007-2017.

Nonelectric Water Heater Export Prices by Country in Latin America and the Caribbean

The nonelectric water heater export price in Latin America and the Caribbean stood at $X per unit in 2017, lowering by -X% against the previous year. The nonelectric water heater export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% year-to-year. Over the period under review, the export prices for non-electric instantaneous or storage water heaters attained its maximum level of $X per unit in 2012; however, from 2013 to 2017, it failed to regain its momentum.

As there is only one major export destination, the average price level is determined by export prices for Mexico.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (-X% per year).

Nonelectric Water Heater Imports in Latin America and the Caribbean

The imports totaled X units in 2017, going down by -X% against the previous year. The nonelectric water heater imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2009, when it surged by X% year-to-year. The volume of imports peaked of X units in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, nonelectric water heater imports stood at $X in 2017. The nonelectric water heater imports continue to indicate a strong growth. The level of imports peaked in 2017, and are likely to continue its growth in the near future.

Nonelectric Water Heater Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X units) and Chile (X units) were the main importers of non-electric instantaneous or storage water heaters in the globe, together mixed up X% of total imports. It was distantly followed by Brazil (X units), making up X% share of total imports. Colombia (X units) and Peru (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Chile (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported non-electric instantaneous or storage water heaters in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Chile ($X), with a X% share of global imports. It was followed by Brazil, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico stood at +X%. In the other countries, the average annual rates were as follows: Chile (+X% per year) and Brazil (+X% per year).

Nonelectric Water Heater Import Prices by Country in Latin America and the Caribbean

In 2017, the nonelectric water heater import price in Latin America and the Caribbean amounted to $X per unit, rising by X% against the previous year. The nonelectric water heater import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017, an increase of X% year-to-year. The level of import price peaked of $X per unit in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Colombia ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Brazil (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform