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

Contents:

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

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

In 2022, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $42 per unit, waning by -21.5% against the previous year. Overall, the import price saw a noticeable setback. The pace of growth appeared the most rapid in 2017 an increase of 48% against the previous year. The import price peaked at $106 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($67 per unit), while the price for Malaysia ($4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%), while the prices for the other major suppliers experienced a decline.

Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in South Africa (FOB) - 2022

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $242 per unit in 2022, surging by 16% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The export price peaked at $509 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($429 per unit), while the average price for exports to Swaziland ($78 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 Zambia (-1.5%), 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 South Africa

In 2022, the amount of heaters; instantaneous or storage water heaters, non-electric, other than gasses imported into South Africa rose modestly to 64K units, with an increase of 3% compared with the previous year. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +58.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses dropped significantly to $2.7M in 2022. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. China (54.0K units)
2. Israel (3.3K units)
3. Malaysia (2.8K units)
4. United States (2.6K units)

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

In 2022, shipments abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -37.2% to 6.2K units, falling for the second year in a row after two years of growth. Overall, exports faced a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 6.3% against the previous year. As a result, the exports attained the peak of 13K 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 reduced notably to $1.5M in 2022. Over the period under review, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 7.6% against the previous year. As a result, the exports attained the peak of $2.7M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Namibia (987.0 units)
2. Zimbabwe (916.0 units)
3. Botswana (872.0 units)
4. Zambia (750.0 units)
5. Lesotho (661.0 units)
6. Swaziland (512.0 units)
7. Indonesia (424.0 units)
8. Mozambique (313.0 units)
9. Malawi (290.0 units)
10. Ghana (70.0 units)

Source: IndexBox Market Intelligence Platform