Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium - 2023

Contents:

1. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium (CIF) - 2023
2. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium (FOB) - 2023
3. Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium
4. Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium (CIF) - 2023

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $472 per unit in October 2023, waning by -17.8% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 13% against the previous month. The import price peaked at $695 per unit in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($463 per unit), while the price for Serbia amounted to $290 per unit.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium (FOB) - 2023

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $681 per unit in October 2023, reducing by -7.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2023 an increase of 19% m-o-m. Over the period under review, the average export prices reached the maximum at $766 per unit in June 2023; however, from July 2023 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the UK ($902 per unit), while the average price for exports to Morocco ($134 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium

In 2022, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into Belgium reduced rapidly to 90K units, with a decrease of -16.2% against 2021. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 107K units, and then contracted notably in the following year.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reduced to $45M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $52M, and then fell in the following year.

Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Belgium in 2022:

1. Germany (41.9K units)
2. Slovakia (21.7K units)
3. France (9.2K units)
4. Italy (5.5K units)
5. China (3.8K units)
6. Netherlands (3.1K units)

Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Belgium

In 2022, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses from Belgium stood at 46K units, approximately equating the year before. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses rose rapidly to $26M in 2022. The total export value increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Belgium in 2022:

1. United States (10.5K units)
2. France (6.7K units)
3. Germany (6.2K units)
4. Netherlands (4.8K units)
5. Italy (3.2K units)
6. Russia (3.1K units)
7. Czech Republic (2.8K units)
8. Poland (2.3K units)
9. United Kingdom (2.1K units)
10. Spain (1.4K units)

Source: IndexBox Market Intelligence Platform