Russian Federation: Electric Water Heater Market 2025

Electric Water Heater Market Size in the Russian Federation

The Russian electric water heater market dropped to $X in 2022, falling by -10.5% against the previous year. In general, consumption recorded a perceptible contraction. Electric water heater consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Electric Water Heater Production in the Russian Federation

In value terms, electric water heater production contracted to $X in 2022 estimated in export price. In general, production saw a pronounced decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. Electric water heater production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Electric Water Heater Exports

Exports from the Russian Federation

In 2022, after four years of growth, there was significant decline in overseas shipments of electric water heaters and immersion heaters, when their volume decreased by -8.4% to X units. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Over the period under review, the exports attained the maximum at X units in 2021, and then fell in the following year.

In value terms, electric water heater exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2013 with an increase of 45%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Kazakhstan (X units), Tajikistan (X units) and Ukraine (X units) were the main destinations of electric water heater exports from Russia, with a combined 49% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +83.0%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Ukraine ($X) and Kyrgyzstan ($X) constituted the largest markets for electric water heater exported from Russia worldwide, together comprising 43% of total exports. Tajikistan, Hungary, the Czech Republic, Uzbekistan, Belarus, Poland, Italy, Libya, Azerbaijan and Latvia lagged somewhat behind, together comprising a further 46%.

Among the main countries of destination, Tajikistan, with a CAGR of +93.9%, saw 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

In 2022, the average electric water heater export price amounted to $X per unit, rising by 1.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 29%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Tajikistan ($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 Kyrgyzstan (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into the Russian Federation

After two years of growth, supplies from abroad of electric water heaters and immersion heaters decreased by -15.1% to X units in 2022. Overall, imports, however, showed a measured increase. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of X units, and then fell significantly in the following year.

In value terms, electric water heater imports reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric water heater to Russia, with a 89% share of total imports. It was followed by Italy (X units), with a 2.8% share of total imports. The third position in this ranking was taken by Poland (X units), with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.2% per year) and Poland (-6.0% per year).

In value terms, China ($X) constituted the largest supplier of electric water heaters and immersion heaters to Russia, comprising 74% of total imports. The second position in the ranking was taken by Italy ($X), with a 4.4% share of total imports. It was followed by Georgia, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.2% per year) and Georgia (+27.8% per year).

Import Prices by Country

The average electric water heater import price stood at $X per unit in 2022, with an increase of 2.3% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2019 an increase of 15%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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