HS Code:
Electric instantaneous or storage water heaters and immersion heaters (HS Code: 851610) encompass a range of appliances used for heating water for domestic, commercial, and industrial purposes. Instantaneous water heaters heat water on demand without the need for a storage tank, while storage water heaters maintain a reservoir of hot water. Immersion heaters are portable or fixed devices used to heat liquids directly. These products are critical in households, hospitality, healthcare, and various industries, with demand influenced by energy efficiency standards, urbanization, and climate conditions.
Total Trade Volume
USD 5.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 1.8 billion
34.6% of total trade
Increasing
USD 620 million
11.9% of total trade
Stable
USD 550 million
10.6% of total trade
Increasing
USD 400 million
7.7% of total trade
Stable
USD 320 million
6.2% of total trade
Increasing
Average Rate
5.2%
Highest Rate
35% (imposed by certain developing countries for protecting domestic industries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Rising demand for energy-efficient models
Increased adoption of tankless and solar-integrated water heaters due to environmental regulations and consumer preference for lower energy costs.
2021-2023
Growth in smart water heaters
Integration of IoT and smart home technologies has boosted demand for connected devices, particularly in developed markets.
2020-2023
Urbanization in developing economies
Rapid urban growth in Asia and Africa has driven demand for water heating solutions in residential and commercial sectors.
2019-2023
The European Union updated its Energy Efficiency Directive, mandating stricter energy labeling and performance standards for electric water heaters starting in 2023.
January 2023
Manufacturers must innovate to meet new standards, potentially increasing production costs but also opening markets for premium, efficient products.
As part of the Phase One trade deal, tariffs on certain Chinese-made water heaters were reduced, facilitating smoother trade flows between the two nations.
February 2020 (reaffirmed in 2022)
Reduced costs for US importers and consumers, with a slight increase in Chinese export volumes to the US.
India introduced incentives for local manufacturing of electric water heaters to reduce import dependency, coupled with higher tariffs on imported units.
October 2022
Increased domestic production but potential supply chain challenges for international exporters targeting the Indian market.