Greece - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Greece - 2023
Contents:
- Electric Water Heater Price in Greece (CIF) - 2023
- Electric Water Heater Price in Greece (FOB) - 2023
- Electric Water Heater Imports in Greece
- Electric Water Heater Exports in Greece
Electric Water Heater Price in Greece (CIF) - 2023
In August 2023, the average electric water heater import price amounted to $69.5 per unit, approximately reflecting the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 31% against the previous month. As a result, import price attained the peak level of $83.6 per unit. From April 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($90.3 per unit), while the price for North Macedonia ($46.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Electric Water Heater Price in Greece (FOB) - 2023
In August 2023, the average electric water heater export price amounted to $83.3 per unit, declining by -34.7% against the previous month. Overall, the export price saw a noticeable decline. The pace of growth appeared the most rapid in July 2023 an increase of 43% m-o-m. As a result, the export price attained the peak level of $128 per unit, and then reduced notably in the following month.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Cyprus ($426 per unit), while the average price for exports to Albania ($53.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Imports in Greece
In 2022, the amount of electric water heaters and immersion heaters imported into Greece expanded significantly to 388K units, growing by 10% on 2021 figures. In general, imports, however, faced a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. Over the period under review, imports reached the peak figure at 688K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electric water heater imports skyrocketed to $19M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +67.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.
Import of Electric Water Heater in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bulgaria | 4.1 | 2.8 | 4.3 | 7.4 | 21.8% |
China | 3.1 | 2.0 | 2.9 | 4.2 | 10.7% |
North Macedonia | 2.7 | 2.4 | 2.9 | 2.8 | 1.2% |
Italy | 0.9 | 1.2 | 1.7 | 1.4 | 15.9% |
Germany | 0.4 | 0.7 | 0.8 | 0.7 | 20.5% |
Hungary | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
Austria | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
Others | 1.8 | 1.3 | 1.3 | 1.7 | -1.9% |
Total | 13.6 | 11.2 | 14.5 | 18.8 | 11.4% |
Top Suppliers of Electric Water Heater to Greece in 2022:
- China (211.1K units)
- Italy (107.0K units)
- Bulgaria (18.9K units)
- North Macedonia (11.3K units)
- Hungary (6.9K units)
- Germany (6.5K units)
- Austria (6.1K units)
Electric Water Heater Exports in Greece
In 2022, shipments abroad of electric water heaters and immersion heaters was finally on the rise to reach 29K units after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible slump. Over the period under review, the exports hit record highs at 32K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, electric water heater exports skyrocketed to $2.6M in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Electric Water Heater in Greece (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cyprus | 436 | 912 | 847 | 1,044 | 33.8% |
Albania | 241 | 248 | 485 | 741 | 45.4% |
Czech Republic | 8.6 | 11.4 | 51.8 | 204 | 187.3% |
Bulgaria | 55.3 | 139 | 55.5 | 176 | 47.1% |
Romania | 25.7 | 19.5 | 14.7 | 50.5 | 25.3% |
Malta | 10.8 | 32.7 | 8.6 | 47.8 | 64.2% |
Hungary | N/A | 0.9 | N/A | 4.2 | 116.0% |
United Arab Emirates | 114 | 2.9 | 2.0 | 1.2 | -78.1% |
Others | 130 | 338 | 234 | 306 | 33.0% |
Total | 1,022 | 1,704 | 1,699 | 2,576 | 36.1% |
Top Export Markets for Electric Water Heater from Greece in 2022:
- United Arab Emirates (undefinedK units)
- Cyprus (6.8K units)
- Czech Republic (6.0K units)
- Bulgaria (5.3K units)
- Albania (4.8K units)
- Romania (1.9K units)
- Hungary (1.3K units)
- Malta (0.8K units)
This report provides an in-depth analysis of the electric water heater market in Greece. 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:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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
-
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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