Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines - 2024

Contents:

1. Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines (CIF) - 2022
2. Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines (FOB) - 2022
3. Imports of Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines
4. Exports of Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines

Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines (CIF) - 2022

In 2022, the average import price for central heating boilers; excluding those of heading no. 8402s amounted to $80 per unit, dropping by -24.3% against the previous year. In general, the import price faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price decreased by -2.5% against the previous year. The import price peaked at $1 thousand per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($105 per unit), while the price for South Africa ($56 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+175.3%), while the prices for the other major suppliers experienced a decline.

Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines (FOB) - 2022

The average export price for central heating boilers; excluding those of heading no. 8402s stood at $268 per unit in 2021, picking up by 7.7% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 10% against the previous year. The export price peaked at $557 per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($270 per unit), while the average price for exports to Hong Kong SAR totaled $268 per unit.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-21.9%).

Imports of Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines

In 2022, purchases abroad of central heating boilers; excluding those of heading no. 8402s decreased by -7.8% to 36K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 65% against the previous year. Over the period under review, imports of reached the maximum at 39K units in 2021, and then declined in the following year.

In value terms, imports of central heating boilers; excluding those of heading no. 8402s fell markedly to $2.9M in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 1.7% against the previous year. As a result, imports reached the peak of $5M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Central Heating Boilers; Excluding Those of Heading No. 8402 to the Philippines in 2022:

1. Taiwan (Chinese) (8.9K units)
2. Spain (7.0K units)
3. France (6.8K units)
4. China (3.5K units)
5. United States (2.7K units)
6. South Africa (2.0K units)
7. Indonesia (1.5K units)
8. India (1.1K units)
9. Japan (0.7K units)

Exports of Central Heating Boilers; Excluding Those of Heading No. 8402 in the Philippines

Exports of central heating boilers; excluding those of heading no. 8402s from the Philippines surged to 872 units in 2021, jumping by 148% on the year before. Over the period under review, exports, however, saw a precipitous descent. The exports peaked at 2.8K units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of central heating boilers; excluding those of heading no. 8402s surged to $234K in 2021. Overall, exports, however, saw a sharp slump. Over the period under review, the exports of hit record highs at $636K in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Top Export Markets for Central Heating Boilers; Excluding Those of Heading No. 8402 from the Philippines in 2022:

1. Hong Kong SAR (852.0 units)
2. South Korea (20.0 units)

Source: IndexBox Market Intelligence Platform