Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea - 2022
Contents:
- Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea (FOB) - 2022
- Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea (CIF) - 2022
- Exports of Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea
- Imports of Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea
Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea (FOB) - 2022
In 2022, the average export price for central heating boilers; excluding those of heading no. 8402s amounted to $6.1 thousand per unit, surging by 29% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth was the most pronounced in 2021 an increase of 41%. The export price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the UK ($6.1 thousand per unit) and Russia ($6.1 thousand per unit), while the average price for exports to Chile ($6.1 thousand per unit) and Canada ($6.1 thousand per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea (CIF) - 2022
In 2022, the average import price for central heating boilers; excluding those of heading no. 8402s amounted to $2.8 thousand per unit, shrinking by -8.9% against the previous year. In general, the import price, however, saw tangible growth. The growth pace was the most rapid in 2014 when the average import price increased by 83%. The import price peaked at $6.7 thousand per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3 thousand per unit), while the price for Romania ($1.7 thousand per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+164.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea
In 2022, exports of central heating boilers; excluding those of heading no. 8402s from South Korea plummeted to 34K units, with a decrease of -32% against the year before. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 3% against the previous year. Over the period under review, the exports of attained the maximum at 55K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of central heating boilers; excluding those of heading no. 8402s contracted to $208M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. As a result, the exports reached the peak of $238M, and then declined in the following year.
| Export of Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 62.0 | 71.2 | 125 | 103 | 18.4% |
| Russia | 37.0 | 35.2 | 51.3 | 39.5 | 2.2% |
| Kazakhstan | 11.2 | 9.6 | 14.7 | 23.4 | 27.8% |
| China | 29.0 | 28.9 | 25.3 | 14.6 | -20.4% |
| Canada | 0.6 | 0.4 | 0.4 | 8.0 | 137.1% |
| United Kingdom | 1.8 | 4.0 | 4.1 | 4.7 | 37.7% |
| Uzbekistan | 2.9 | 3.3 | 3.1 | 3.9 | 10.4% |
| Chile | 3.3 | 2.5 | 4.9 | 3.5 | 2.0% |
| Others | 9.3 | 9.0 | 8.7 | 8.2 | -4.1% |
| Total | 157 | 164 | 238 | 208 | 9.8% |
Top Export Markets for Central Heating Boilers; Excluding Those of Heading No. 8402 from South Korea in 2022:
- United States (16.8K units)
- Russia (6.4K units)
- Kazakhstan (3.8K units)
- China (2.4K units)
- Canada (1.3K units)
- United Kingdom (0.8K units)
- Uzbekistan (0.6K units)
- Chile (0.6K units)
Imports of Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea
After three years of growth, supplies from abroad of central heating boilers; excluding those of heading no. 8402s decreased by -2.7% to 16K units in 2022. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 81% against the previous year. Over the period under review, imports of attained the maximum at 16K units in 2021, and then reduced in the following year.
In value terms, imports of central heating boilers; excluding those of heading no. 8402s dropped to $43M in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 59%. Imports peaked at $49M in 2021, and then contracted in the following year.
| Import of Central Heating Boilers; Excluding Those of Heading No. 8402 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.8 | 24.9 | 37.5 | 33.8 | 31.7% |
| United States | 5.6 | 6.5 | 5.5 | 5.4 | -1.2% |
| Romania | N/A | N/A | N/A | 1.9 | 0% |
| Netherlands | 0.1 | 1.8 | 2.4 | 0.9 | 108.0% |
| Italy | 0.9 | 0.9 | 1.6 | 0.4 | -23.7% |
| Germany | 1.1 | 1.1 | 0.8 | 0.1 | -55.0% |
| Others | 0.7 | 1.6 | 0.8 | 0.6 | -5.0% |
| Total | 23.1 | 36.8 | 48.6 | 43.1 | 23.1% |
Top Suppliers of Central Heating Boilers; Excluding Those of Heading No. 8402 to South Korea in 2022:
- China (11.8K units)
- United States (1.9K units)
- Romania (1.2K units)
- Netherlands (0.3K units)
- Italy (0.1K units)
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