Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Indonesia - 2022

Contents:

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

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

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $403 per unit in March 2022, flattening at the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level of $404 per unit, leveling off in the following month.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the highest price was recorded for prices from Germany ($403 per unit) and South Korea ($403 per unit), while the price for Japan ($403 per unit) and China ($403 per unit) were amongst the lowest.

From February 2022 to March 2022, the most notable rate of growth in terms of prices was attained by China (+0.0%), 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 Indonesia (FOB) - 2022

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $389 per unit in 2022, reducing by -37.3% against the previous year. Overall, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2017 an increase of 90%. The export price peaked at $671 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($500 per unit) and Mexico ($402 per unit), while the average price for exports to Timor-Leste ($370 per unit) and Honduras ($388 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the third year in a row, Indonesia recorded decline in overseas purchases of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which decreased by -71.3% to 2.1K units in 2022. Overall, imports saw a sharp slump. The smallest decline of -7.8% was in 2020. Imports peaked at 43K 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 shrank markedly to $1.1M in 2022. In general, imports faced a sharp shrinkage. The smallest decline of -7.9% was in 2020. Over the period under review, imports of hit record highs at $16M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (756.0 units)
2. Germany (418.0 units)
3. South Korea (319.0 units)
4. Japan (150.0 units)
5. Malaysia (147.0 units)
6. Vietnam (114.0 units)
7. Taiwan (Chinese) (80.0 units)
8. Italy (1.0 units)

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

After three years of growth, overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -90.3% to 93 units in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,740% against the previous year. Over the period under review, the exports of reached the peak figure at 961 units in 2021, and then shrank dramatically in the following year.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reduced remarkably to $36K in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 2,881% against the previous year. The exports peaked at $596K in 2021, and then dropped notably in the following year.

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

1. Mexico (67.0 units)
2. Honduras (13.0 units)
3. Canada (5.0 units)
4. Timor-Leste (4.0 units)
5. United Arab Emirates (1.0 units)
6. United States (1.0 units)

Source: IndexBox Market Intelligence Platform