Slovenia: Electric Water Heater Market 2024

Electric Water Heater Market Size in Slovenia

The Slovene electric water heater market declined rapidly to $X in 2022, dropping 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). In general, consumption, however, recorded a strong increase. Over the period under review, the market reached the peak level at $X in 2021, and then shrank significantly in the following year.

Electric Water Heater Exports

Exports from Slovenia

Electric water heater exports from Slovenia stood at X units in 2022, standing approx. at 2021 figures. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, electric water heater exports totaled $X in 2022. Over the period under review, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Serbia (X units), Croatia (X units) and Germany (X units) were the main destinations of electric water heater exports from Slovenia, with a combined X% share of total exports. Poland, Russia, Bosnia and Herzegovina, the Czech Republic, Austria, Italy, Kosovo, Ukraine, Bulgaria and North Macedonia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Croatia ($X) and Germany ($X) appeared to be the largest markets for electric water heater exported from Slovenia worldwide, with a combined X% share of total exports. Poland, the Czech Republic, Bosnia and Herzegovina, Kosovo, Austria, Russia, Ukraine, Italy, Bulgaria and North Macedonia lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric water heater export price stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to Germany ($X 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 Ukraine (X%), while the prices for the other major destinations experienced a decline.

Electric Water Heater Imports

Imports into Slovenia

After five years of growth, overseas purchases of electric water heaters and immersion heaters decreased by X% to X units in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, electric water heater imports declined markedly to $X in 2022. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

Turkey (X units), China (X units) and Germany (X units) were the main suppliers of electric water heater imports to Slovenia, with a combined X% share of total imports. Poland, Italy and Serbia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Turkey ($X) and China ($X) constituted the largest electric water heater suppliers to Slovenia, with a combined X% share of total imports. Germany, Poland and Italy lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric water heater import price amounted to $X per unit, waning by X% against the previous year. In general, the import price faced a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Serbia ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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