Germany leads in the European export market of electric water heaters and immersion heaters, with notable growth in 2023. Positive trends are observed in countries like Greece and Belgium, showing significant year-on-year increases. Meanwhile, Italy, Poland, and Denmark experienced declines, indicating potential market challenges. France and Spain stood at a complete standstill in export values last year. Smaller market entrants like Latvia and Luxembourg marked substantial percentage growth, though from relatively minor bases.
Future trends to watch for include sustainability-driven product innovation, increased demand from emerging markets, and geopolitical factors affecting trade flows. Technological advancements and regulatory shifts may also impact market dynamics, necessitating adaptive strategies from exporters.
Top countries in Export of Electric Water Heaters and Immersion Heaters by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 11,333,000 | 2023 | +0.45% | +7.94% | View data |
| 2 | 2 Czechia | 3,312,800 | 2023 | |||
| 3 | 3 Italy | 2,081,100 | 2023 | -10.74% | -8.16% | View data |
| 4 | 4 Poland | 1,588,100 | 2023 | -2.95% | -2.15% | View data |
| 5 | 5 Belgium | 1,402,300 | 2023 | +5.63% | +7.63% | View data |
| 6 | 6 Bulgaria | 1,049,700 | 2023 | +4.51% | +5.62% | View data |
| 7 | 7 France | 784,220 | 2023 | -7.08% | View data | |
| 8 | 8 Austria | 627,910 | 2023 | +6.75% | +4.97% | View data |
| 9 | 9 Hungary | 523,840 | 2023 | +1.33% | +0.65% | View data |
| 10 | 10 Netherlands | 365,560 | 2023 | +12.26% | +13.91% | View data |
