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

Contents:

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

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

In 2022, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $400 per unit, increasing by 45% against the previous year. Overall, the export price, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 67% against the previous year. The export price peaked at $626 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($400 per unit) and Azerbaijan ($400 per unit), while the average price for exports to Croatia ($400 per unit) and Cyprus ($400 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 Uzbekistan (-3.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $549 per unit, growing by 36% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($551 per unit) and Italy ($550 per unit), while the price for Russia ($549 per unit) and Germany ($549 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -23.3% to 54K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 139% against the previous year. As a result, the exports reached the peak of 70K units, and then fell markedly in the following year.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses expanded notably to $22M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. Poland (9.8K units)
2. United States (6.5K units)
3. Italy (3.8K units)
4. Spain (3.8K units)
5. Russia (3.5K units)
6. Uzbekistan (2.8K units)
7. Azerbaijan (2.8K units)
8. Romania (2.7K units)
9. Hungary (2.6K units)
10. Croatia (2.1K units)
11. Iraq (1.6K units)
12. France (1.4K units)
13. Cyprus (1.2K units)

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

In 2022, supplies from abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses was finally on the rise to reach 7.7K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses skyrocketed to $4.2M in 2022. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Russia (4.3K units)
2. Germany (2.4K units)
3. Italy (0.5K units)

Source: IndexBox Market Intelligence Platform