Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States - 2024
Contents:
- Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States (CIF) - 2024
- Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States (FOB) - 2022
- Imports of Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States
- Exports of Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States
Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States (CIF) - 2024
The average import price for central heating boilers; excluding those of heading no. 8402s stood at $1,308 per unit in April 2024, declining by -29.1% against the previous month. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in January 2024 an increase of 44% month-to-month. The import price peaked at $2,772 per unit in September 2023; however, from October 2023 to April 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was the UK ($1,584 per unit), while the price for Thailand ($460 per unit) was amongst the lowest.
From June 2023 to April 2024, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States (FOB) - 2022
The average export price for central heating boilers; excluding those of heading no. 8402s stood at $237 per unit in 2022, with a decrease of -41.8% against the previous year. In general, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of 93%. As a result, the export price reached the peak level of $940 per unit. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($326 per unit), while the average price for exports to Colombia ($108 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 China (-3.4%), while the prices for the other major destinations experienced a decline.
Imports of Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of central heating boilers; excluding those of heading no. 8402s, which increased by 15% to 539K units in 2022. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 145%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of central heating boilers; excluding those of heading no. 8402s surged to $516M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 127 | 103 | 98.5 | 126 | -0.3% |
| South Korea | 63.9 | 68.8 | 108 | 117 | 22.3% |
| Germany | 41.2 | 33.0 | 51.2 | 76.1 | 22.7% |
| China | 25.9 | 17.6 | 24.1 | 34.8 | 10.3% |
| Italy | 27.6 | 23.1 | 31.1 | 32.8 | 5.9% |
| Netherlands | 32.2 | 25.2 | 26.7 | 29.7 | -2.7% |
| Switzerland | 5.9 | 13.9 | 12.7 | 19.8 | 49.7% |
| France | 12.6 | 12.5 | 15.1 | 18.2 | 13.0% |
| United Kingdom | 9.4 | 8.1 | 13.5 | 15.4 | 17.9% |
| Belgium | 7.4 | 10.7 | 10.3 | 12.5 | 19.1% |
| Poland | 8.8 | 7.3 | 6.1 | 6.8 | -8.2% |
| Others | 10.1 | 18.7 | 17.6 | 26.6 | 38.1% |
| Total | 372 | 342 | 415 | 516 | 11.5% |
Top Suppliers of Central Heating Boilers; Excluding Those of Heading No. 8402 to the United States in 2022:
- Canada (113.4K units)
- Germany (100.0K units)
- China (80.2K units)
- South Korea (68.2K units)
- Netherlands (52.8K units)
- France (31.0K units)
- Switzerland (26.4K units)
- Italy (17.8K units)
- Poland (12.1K units)
- United Kingdom (6.4K units)
- Belgium (5.1K units)
Exports of Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States
In 2022, approx. 552K units of central heating boilers; excluding those of heading no. 8402s were exported from the United States; jumping by 63% compared with 2021 figures. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 94%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, exports of central heating boilers; excluding those of heading no. 8402s dropped to $131M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports reached the peak of $138M, and then fell in the following year.
| Export of Central Heating Boilers; Excluding Those of Heading No. 8402 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 90.6 | 86.1 | 106 | 111 | 7.0% |
| Colombia | 0.8 | 0.6 | 0.6 | 2.2 | 40.1% |
| Turkey | N/A | N/A | N/A | 2.1 | 0% |
| South Korea | 4.6 | 7.5 | 9.4 | 1.9 | -25.5% |
| China | 2.4 | 2.1 | 3.2 | 1.4 | -16.4% |
| United Kingdom | 4.7 | 1.8 | 0.9 | 0.7 | -47.0% |
| Trinidad and Tobago | 0.8 | 2.6 | 0.6 | 0.5 | -14.5% |
| Others | 15.8 | 16.2 | 17.0 | 11.0 | -11.4% |
| Total | 120 | 117 | 138 | 131 | 3.0% |
Top Export Markets for Central Heating Boilers; Excluding Those of Heading No. 8402 from the United States in 2022:
- Canada (420.0K units)
- Colombia (19.9K units)
- Turkey (13.2K units)
- South Korea (11.5K units)
- Trinidad and Tobago (4.5K units)
- China (4.4K units)
- United Kingdom (2.0K units)
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