Pakistan: Electric Water Heater Market 2024

Electric Water Heater Market Size in Pakistan

The Pakistani electric water heater market stood at $X in 2022, standing approx. at the previous year. In general, consumption showed buoyant growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Electric Water Heater Production in Pakistan

In value terms, electric water heater production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 134% against the previous year. Electric water heater production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Electric Water Heater Exports

Exports from Pakistan

In 2022, the amount of electric water heaters and immersion heaters exported from Pakistan fell sharply to X units, dropping by -31.7% on the previous year. In general, exports recorded a mild slump. The growth pace was the most rapid in 2015 with an increase of 13,852% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric water heater exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 23,023%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X units) was the main destination for electric water heater exports from Pakistan, with a 61% share of total exports. Moreover, electric water heater exports to Yemen exceeded the volume sent to the second major destination, Afghanistan (X units), twofold. The third position in this ranking was taken by Mozambique (X units), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Yemen stood at +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-10.3% per year) and Mozambique (+28.6% per year).

In value terms, Afghanistan ($X) remains the key foreign market for electric water heaters and immersion heaters exports from Pakistan, comprising 75% of total exports. The second position in the ranking was taken by Yemen ($X), with a 14% share of total exports. It was followed by Mozambique, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+24.1% per year) and Mozambique (+31.5% per year).

Export Prices by Country

In 2022, the average electric water heater export price amounted to $X per unit, rising by 47% against the previous year. In general, the export price posted a resilient increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 66% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($X per unit), while the average price for exports to the UK ($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 Afghanistan (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into Pakistan

In 2022, approx. X units of electric water heaters and immersion heaters were imported into Pakistan; reducing by -78.6% compared with the previous year. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when imports increased by 211%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, electric water heater imports dropped notably to $X in 2022. In general, imports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 279%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Bahrain (X units), China (X units) and the UK (X units) were the main suppliers of electric water heater imports to Pakistan, together accounting for 72% of total imports. Canada, Poland, Turkey, the United States and Iran lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electric water heaters and immersion heaters to Pakistan, comprising 49% of total imports. The second position in the ranking was held by Bahrain ($X), with a 23% share of total imports. It was followed by Turkey, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+13.3% per year) and Turkey (+35.5% per year).

Import Prices by Country

The average electric water heater import price stood at $X per unit in 2022, increasing by 25% against the previous year. In general, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 83% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Poland ($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 (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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