In 2023, Spain led European imports of electric instantaneous water heaters, increasing by 37.07%. The UK saw a slight decline of 2.42%. Italy and Germany experienced moderate growth at 6.2% and 0.47%, respectively. Significant growth was noted in Belgium at 44.21%, while Hungary declined by 18.37%. Smaller markets like Malta and Denmark showed robust increases at 26.22% and 31.65%, respectively. Ireland and Austria noted declines at 1.98% and 4.53%.
Future trends to watch include:
- Continued growth in Southern and Eastern European markets driven by increased residential demand and energy-efficient innovations.
- Potential recovery in Western European markets like the UK and Ireland.
- Emerging opportunities in environmentally-focused products amid regional green policies.
Top countries in Import of Electric Instantaneous Water Heaters by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 2,197,800 | 2023 | +2.64% | +37.07% | View data |
| 2 | 2 United Kingdom | 1,925,700 | 2023 | -2.04% | -2.42% | View data |
| 3 | 3 Czechia | 1,885,700 | 2023 | |||
| 4 | 4 Italy | 1,765,700 | 2023 | +6.62% | +6.2% | View data |
| 5 | 5 Germany | 1,416,100 | 2023 | +11.36% | +0.47% | View data |
| 6 | 6 Poland | 1,011,800 | 2023 | +2.82% | +1.56% | View data |
| 7 | 7 Belgium | 705,200 | 2023 | +41.89% | +44.21% | View data |
| 8 | 8 Slovakia | 675,680 | 2023 | +5.13% | +3.65% | View data |
| 9 | 9 France | 368,990 | 2023 | +3.39% | +5.66% | View data |
| 10 | 10 Ireland | 320,600 | 2023 | +2.87% | -1.98% | View data |
