Kyrgyzstan: Electric Water Heater Market 2020

Electric Water Heater Market Size in Kyrgyzstan

The revenue of the electric water heater market in Kyrgyzstan amounted to $X in 2018, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, electric water heater consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the electric water heater market reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Electric Water Heater Exports

Exports from Kyrgyzstan

In 2018, the exports of electric water heaters and immersion heaters from Kyrgyzstan totaled X units, declining by -X% against the previous year. Overall, electric water heater exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, electric water heater exports attained their peak figure at X units in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, electric water heater exports amounted to $X in 2018. In general, electric water heater exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, electric water heater exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Italy (X units), China (X units), Mexico (X units), Germany (X units), Brazil (X units), the Netherlands (X units), the U.S. (X units), Belgium (X units), Malaysia (X units), the Czech Republic (X units), Bulgaria (X units) and Poland (X units) were the largest exporters of electric water heaters and immersion heaters in the world, achieving X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Bulgaria, while the other leaders experienced more modest paces of growth.

In value terms, the largest electric water heater markets from Kyrgyzstan were China ($X), Mexico ($X) and Italy ($X), with a combined X% share of total exports. These countries were followed by the U.S., Germany, Belgium, Malaysia, the Netherlands, Bulgaria, the Czech Republic, Brazil, Poland and Kyrgyzstan, which together accounted for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the electric water heater export price in Kyrgyzstan amounted to $X per unit, declining by -X% against the previous year. In general, the electric water heater export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. In that year, the export prices for electric water heaters and immersion heaters attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the export prices for electric water heaters and immersion heaters failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Electric Water Heater Imports

Imports into Kyrgyzstan

In 2018, approx. X units of electric water heaters and immersion heaters were imported into Kyrgyzstan; going up by X% against the previous year. Overall, electric water heater imports continue to indicate a strong increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. In that year, electric water heater imports reached their peak and are likely to continue its growth in the immediate term.

In value terms, electric water heater imports totaled $X in 2018. Overall, electric water heater imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. In that year, electric water heater imports attained their peak of $X. From 2013 to 2018, the growth of electric water heater imports failed to regain its momentum.

Imports by Country

In 2018, the U.S. (X units) and the UK (X units) were the key importers of electric water heaters and immersion heatersacross the globe, together resulting at approx. X% of total imports. It was distantly followed by Russia (X units) and Germany (X units), together generating a X% share of total imports. The following importers - France (X units), Poland (X units), the United Arab Emirates (X units), Italy (X units), Spain (X units), Ukraine (X units), Belgium (X units) and Canada (X units) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kyrgyzstan, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constitutes the largest market for imported electric water heaters and immersion heaters into Kyrgyzstan, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the electric water heater import price in Kyrgyzstan amounted to $X per unit, coming down by -X% against the previous year. In general, the electric water heater import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Kyrgyzstan import price peaked at $X per unit in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while the UK ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform