Turkey - Electric Water Heaters And Immersion Heaters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingElectric Water Heater Price in Turkey - 2023
Contents:
- Electric Water Heater Price in Turkey (CIF) - 2023
- Electric Water Heater Price in Turkey (FOB) - 2022
- Electric Water Heater Imports in Turkey
- Electric Water Heater Exports in Turkey
Electric Water Heater Price in Turkey (CIF) - 2023
In September 2023, the average electric water heater import price amounted to $11.0 per unit, dropping by -33.4% against the previous month. Overall, the import price, however, enjoyed temperate growth. The growth pace was the most rapid in March 2023 an increase of 44% m-o-m. The import price peaked at $16.6 per unit in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($10.7 per unit), while the price for Poland ($4.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced a decline.
Electric Water Heater Price in Turkey (FOB) - 2022
In 2022, the average electric water heater export price amounted to $31 per unit, increasing by 14% against the previous year. In general, the export price continues to indicate a modest increase. The growth pace was the most rapid in 2016 an increase of 50%. As a result, the export price attained the peak level of $62 per unit. From 2017 to 2022, the average export prices failed to regain momentum.
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 Germany ($137 per unit), while the average price for exports to Jordan ($6.6 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 Bosnia and Herzegovina (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Water Heater Imports in Turkey
For the fourth consecutive year, Turkey recorded growth in overseas purchases of electric water heaters and immersion heaters, which increased by 7.6% to 916K units in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 75%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, electric water heater imports expanded to $23M in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Import of Electric Water Heater in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 6.0 | 9.2 | 12.8 | 13.5 | 31.0% |
Poland | 0.5 | 1.9 | 2.5 | 2.6 | 73.2% |
Malaysia | 0.1 | 0.5 | 0.6 | 0.9 | 108.0% |
Others | 4.6 | 5.1 | 5.4 | 5.5 | 6.1% |
Total | 11.1 | 16.7 | 21.4 | 22.5 | 26.6% |
Top Suppliers of Electric Water Heater to Turkey in 2022:
- China (617.8K units)
- Poland (164.4K units)
- Malaysia (98.4K units)
Electric Water Heater Exports in Turkey
In 2022, exports of electric water heaters and immersion heaters from Turkey rose notably to 668K units, growing by 9.8% against the previous year. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, electric water heater exports skyrocketed to $21M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Electric Water Heater in Turkey (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2,627 | 2,679 | 2,928 | 3,035 | 4.9% |
Turkmenistan | 220 | 192 | 752 | 1,314 | 81.4% |
Croatia | 233 | 1,091 | 2,176 | 1,227 | 74.0% |
Serbia | 348 | 301 | 698 | 982 | 41.3% |
Kazakhstan | 360 | 379 | 447 | 929 | 37.2% |
Bosnia and Herzegovina | 149 | 647 | 585 | 873 | 80.3% |
Georgia | 588 | 629 | 459 | 810 | 11.3% |
Cyprus | 410 | 456 | 348 | 757 | 22.7% |
Iraq | 364 | 213 | 348 | 718 | 25.4% |
Romania | 288 | 326 | 686 | 533 | 22.8% |
Azerbaijan | 459 | 463 | 746 | 528 | 4.8% |
Moldova | 148 | 106 | 212 | 312 | 28.2% |
Jordan | 68.3 | 88.1 | 79.7 | 142 | 27.6% |
Others | 5,677 | 4,867 | 6,243 | 8,816 | 15.8% |
Total | 11,940 | 12,436 | 16,707 | 20,977 | 20.7% |
Top Export Markets for Electric Water Heater from Turkey in 2022:
- Iraq (64.5K units)
- Turkmenistan (48.3K units)
- Georgia (47.2K units)
- Serbia (42.0K units)
- Romania (34.1K units)
- Kazakhstan (28.9K units)
- Croatia (26.9K units)
- Cyprus (26.8K units)
- Azerbaijan (23.5K units)
- Moldova (22.4K units)
- Germany (22.2K units)
- Jordan (21.5K units)
- Bosnia and Herzegovina (19.0K units)
This report provides an in-depth analysis of the electric water heater market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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