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

Contents:

1. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Egypt (CIF) - 2022
2. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Egypt (FOB) - 2022
3. Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Egypt
4. Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Egypt

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Egypt (CIF) - 2022

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $483 per unit in 2022, with an increase of 20% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses increased by +71.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($484 per unit) and Mexico ($484 per unit), while the price for Cyprus ($482 per unit) and Canada ($483 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cyprus (+13.4%), 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 Egypt (FOB) - 2022

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $436 per unit in 2022, reducing by -29.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 511% against the previous year. The export price peaked at $622 per unit in 2021, and then reduced rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Sudan.

From 2012 to 2022, the rate of growth in terms of prices for Libya amounted to -4.7% per year.

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

In 2022, approx. 5.5K units of heaters; instantaneous or storage water heaters, non-electric, other than gasses were imported into Egypt; dropping by -25.5% compared with the previous year. Over the period under review, imports saw a abrupt decline. The smallest decline of -7.1% was in 2020. Over the period under review, imports of hit record highs at 9.4K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses contracted to $2.7M in 2022. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. Imports peaked at $3.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Italy (2090.0 units)
2. Mexico (683.0 units)
3. Greece (498.0 units)
4. United Kingdom (476.0 units)
5. United States (436.0 units)
6. Turkey (238.0 units)
7. Spain (205.0 units)
8. Canada (186.0 units)
9. India (185.0 units)
10. China (168.0 units)
11. Cyprus (115.0 units)

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

In 2022, overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -99.8% to 1 units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 2.1% against the previous year. As a result, the exports reached the peak of 635 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses dropped sharply to $436 in 2022. Overall, exports continue to indicate a significant decline. The growth pace was the most rapid in 2021 when exports increased by 65% against the previous year. As a result, the exports attained the peak of $345K, and then dropped markedly in the following year.

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

1. Sudan (1.0 units)

Source: IndexBox Market Intelligence Platform