Uzbekistan: Electric Water Heater Market 2025

Electric Water Heater Market Size in Uzbekistan

In 2022, after two years of growth, there was significant decline in the Uzbek electric water heater market, when its value decreased by -27.1% to $X. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Electric Water Heater Production in Uzbekistan

In value terms, electric water heater production amounted to $X in 2022 estimated in export price. Overall, production posted a pronounced increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 44% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Electric Water Heater Exports

Exports from Uzbekistan

In 2022, the amount of electric water heaters and immersion heaters exported from Uzbekistan skyrocketed to X units, jumping by 66% on 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 108% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electric water heater exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 98%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for electric water heater exports from Uzbekistan, with a 51% share of total exports. Moreover, electric water heater exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X units), twofold. The third position in this ranking was taken by Kyrgyzstan (X units), with a 14% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at +67.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+41.0% per year) and Kyrgyzstan (+16.5% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for electric water heaters and immersion heaters exports from Uzbekistan, comprising 51% of total exports. The second position in the ranking was held by Tajikistan ($X), with a 24% share of total exports. It was followed by Kyrgyzstan, with a 12% share.

From 2017 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +71.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (+42.3% per year) and Kyrgyzstan (+17.3% per year).

Export Prices by Country

In 2022, the average electric water heater export price amounted to $X per unit, shrinking by -26.2% against the previous year. Over the period under review, export price indicated temperate growth from 2017 to 2022: its price increased at an average annual rate of +2.3% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric water heater export price increased by +16.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 48% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped rapidly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkmenistan ($X per unit) and Russia ($X per unit), while the average price for exports to Kyrgyzstan ($X per unit) and Kazakhstan ($X per unit) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Water Heater Imports

Imports into Uzbekistan

In 2022, approx. X units of electric water heaters and immersion heaters were imported into Uzbekistan; picking up by 14% compared with 2021 figures. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 267%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, electric water heater imports expanded modestly to $X in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 184% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X units) constituted the largest electric water heater supplier to Uzbekistan, accounting for a 67% share of total imports. Moreover, electric water heater imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Italy (X units) ranked third in terms of total imports with a 5.8% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from Russia stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+32.2% per year) and Italy (-1.7% per year).

In value terms, Russia ($X) constituted the largest supplier of electric water heaters and immersion heaters to Uzbekistan, comprising 82% of total imports. The second position in the ranking was taken by Italy ($X), with a 7.2% share of total imports. It was followed by China, with a 6.9% share.

From 2017 to 2022, the average annual rate of growth in terms of value from Russia totaled +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.6% per year) and China (+27.7% per year).

Import Prices by Country

The average electric water heater import price stood at $X per unit in 2022, reducing by -9.6% against the previous year. Over the period under review, import price indicated prominent growth from 2017 to 2022: its price increased at an average annual rate of +6.1% over the last five-year period. 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 +60.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank in the following year.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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