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

Contents:

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

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

In 2022, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $346 per unit, jumping by 19% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 +42.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 34%. Over the period under review, average import prices reached the maximum at $480 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($2,403 per unit), while the price for South Korea ($67 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.4%), 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 New Zealand (FOB) - 2022

In 2022, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $471 per unit, growing by 22% against the previous year. In general, the export price saw a moderate expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 567% against the previous year. As a result, the export price reached the peak level of $2,325 per unit. From 2014 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 Italy ($3,273 per unit), while the average price for exports to the Netherlands ($99 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 Australia (+2.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into New Zealand declined remarkably to 2.8K units, shrinking by -49.1% on 2021. In general, imports showed a precipitous contraction. The smallest decline of -9.2% was in 2020. Imports peaked at 6.6K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses shrank rapidly to $963K in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 0.8% against the previous year. Imports peaked at $1.6M 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 New Zealand in 2022:

1. South Korea (943.0 units)
2. China (829.0 units)
3. Australia (460.0 units)
4. United States (196.0 units)
5. Germany (136.0 units)
6. Italy (33.0 units)
7. United Kingdom (26.0 units)

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

Exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses from New Zealand soared to 266 units in 2022, rising by 82% on 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 384%. As a result, the exports reached the peak of 571 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses surged to $125K in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 341% against the previous year. As a result, the exports attained the peak of $225K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Australia (240.0 units)
2. Netherlands (12.0 units)
3. Cook Islands (6.0 units)
4. Italy (5.0 units)

Source: IndexBox Market Intelligence Platform