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

Contents:

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

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

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $430 per unit in September 2023, stabilizing at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 20% against the previous month. The import price peaked at $488 per unit in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($441 per unit), while the price for Italy ($269 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $595 per unit in October 2023, jumping by 25% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Liechtenstein ($786 per unit), while the average price for exports to Bosnia and Herzegovina ($518 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 Hungary (+5.3%), 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 Slovakia

In 2022, after three years of growth, there was significant decline in purchases abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, when their volume decreased by -12.6% to 96K units. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year. Over the period under review, imports of attained the maximum at 110K units in 2021, and then declined in the following year.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reduced to $32M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 33%. Over the period under review, imports of reached the maximum at $34M in 2021, and then declined in the following year.

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

1. Germany (73.5K units)
2. Czech Republic (12.9K units)
3. Poland (2.8K units)
4. Bulgaria (2.2K units)
5. Austria (1.9K units)

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

In 2022, overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -15.4% to 74K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 70% against the previous year. Over the period under review, the exports of reached the peak figure at 88K units in 2021, and then plummeted in the following year.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses dropped to $31M in 2022. The total export value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $35M, and then dropped in the following year.

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

1. Belgium (21.0K units)
2. Poland (18.7K units)
3. Czech Republic (14.4K units)
4. Germany (7.3K units)
5. Croatia (3.3K units)
6. Hungary (2.4K units)
7. Ukraine (1.9K units)
8. Russia (0.6K units)

Source: IndexBox Market Intelligence Platform