Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR - 2023
Contents:
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR (CIF) - 2022
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR (FOB) - 2022
- Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR
- Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR (CIF) - 2022
The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $91 per unit in 2022, approximately mirroring the previous year. Over the period under review, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 61%. As a result, import price attained the peak level of $163 per unit. From 2016 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.2% per year.
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $131 per unit, therefore, remained relatively stable against the previous year. Overall, the export price recorded a temperate increase. The growth pace was the most rapid in 2016 an increase of 113% against the previous year. As a result, the export price attained the peak level of $240 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.4% per year.
Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR
In 2022, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into Hong Kong SAR rose remarkably to 11K units, with an increase of 9.6% on 2021 figures. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 21%. As a result, imports reached the peak of 11K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses rose markedly to $960K in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 850 | 1,011 | 870 | 950 | 3.8% |
| Others | 58.3 | 39.9 | 18.1 | 10.0 | -44.4% |
| Total | 909 | 1,051 | 888 | 960 | 1.8% |
Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Hong Kong SAR in 2022:
- China (10.5K units)
Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR
In 2022, overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -13.1% to 459 units, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 41%. As a result, the exports attained the peak of 791 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses contracted to $60K in 2022. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 32%. As a result, the exports reached the peak of $100K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 75.2 | 72.7 | 68.2 | 60.2 | -7.1% |
| China | N/A | 25.6 | N/A | N/A | 0% |
| Others | 0.4 | 1.6 | 0.1 | N/A | -50.0% |
| Total | 75.6 | 99.9 | 68.3 | 60.2 | -7.3% |
Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Hong Kong SAR in 2022:
- Macao SAR (459.0 units)
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