Brazil - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Brazil - 2023
Contents:
- Electric Water Heater Price in Brazil (FOB) - 2022
- Electric Water Heater Price in Brazil (CIF) - 2023
- Electric Water Heater Exports in Brazil
- Electric Water Heater Imports in Brazil
Electric Water Heater Price in Brazil (FOB) - 2022
In 2022, the average electric water heater export price amounted to $8.3 per unit, rising by 6.4% against the previous year. Over the period under review, the export price, however, saw a slight decline. The export price peaked at $9.4 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($11 per unit), while the average price for exports to Bolivia ($6.4 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 Bolivia (+0.2%), while the prices for the other major destinations experienced a decline.
Electric Water Heater Price in Brazil (CIF) - 2023
The average electric water heater import price stood at $4.4 per unit in October 2023, rising by 7.4% against the previous month. Over the period under review, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 64% month-to-month. As a result, import price attained the peak level of $6.4 per unit. From September 2023 to October 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From October 2022 to October 2023, the rate of growth in terms of prices for China amounted to -2.8% per month.
Electric Water Heater Exports in Brazil
In 2022, after three years of growth, there was significant decline in shipments abroad of electric water heaters and immersion heaters, when their volume decreased by -25% to 3.7M units. In general, exports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 5M units, and then fell notably in the following year.
In value terms, electric water heater exports fell rapidly to $31M in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $38M, and then dropped significantly in the following year.
Export of Electric Water Heater in Brazil (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bolivia | 3.2 | 2.2 | 4.0 | 3.9 | 6.8% |
Mexico | 5.3 | 4.5 | 4.6 | 3.9 | -9.7% |
Guatemala | 2.3 | 3.0 | 3.0 | 3.7 | 17.2% |
Ecuador | 3.9 | 4.7 | 4.7 | 3.6 | -2.6% |
Peru | 4.1 | 4.1 | 6.7 | 3.0 | -9.9% |
Paraguay | 3.1 | 2.7 | 3.8 | 3.0 | -1.1% |
Kenya | 2.0 | 2.7 | 2.5 | 2.5 | 7.7% |
Costa Rica | 1.5 | 2.1 | 2.8 | 1.8 | 6.3% |
Others | 5.6 | 4.1 | 6.4 | 5.3 | -1.8% |
Total | 31.0 | 30.0 | 38.5 | 30.7 | -0.3% |
Top Export Markets for Electric Water Heater from Brazil in 2022:
- Bolivia (606.2K units)
- Mexico (511.4K units)
- Paraguay (441.2K units)
- Ecuador (401.4K units)
- Peru (384.9K units)
- Guatemala (343.5K units)
- Kenya (309.1K units)
- Costa Rica (181.5K units)
Electric Water Heater Imports in Brazil
In 2022, the amount of electric water heaters and immersion heaters imported into Brazil skyrocketed to 3M units, increasing by 28% on the previous year. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, electric water heater imports surged to $18M in 2022. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 52%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
Import of Electric Water Heater in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 8.0 | 7.4 | 11.6 | 15.0 | 23.3% |
United States | 1.8 | 1.0 | 1.5 | 1.7 | -1.9% |
Germany | 0.2 | 0.1 | 0.1 | 0.3 | 14.5% |
Hong Kong SAR | 0.1 | N/A | 0.1 | N/A | 0.0% |
Others | 0.9 | 0.5 | 0.5 | 0.7 | -8.0% |
Total | 10.9 | 9.0 | 13.7 | 17.6 | 17.3% |
Top Suppliers of Electric Water Heater to Brazil in 2022:
- China (2096.0K units)
- United States (656.9K units)
- Germany (152.4K units)
- Hong Kong SAR (12.8K units)
This report provides an in-depth analysis of the electric water heater market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512530 - Electric instantaneous water heaters
- Prodcom 27512550 -
- Prodcom 27512570 -
- Prodcom 27512560 - Electric water heaters and immersion heaters (excluding instantaneous water heaters)
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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