Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam - 2022
Contents:
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam (CIF) - 2022
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam (FOB) - 2022
- Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam
- Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam (CIF) - 2022
The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $549 per unit in 2022, increasing by 46% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.9% per year.
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam (FOB) - 2022
The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $400 per unit in 2022, jumping by 43% against the previous year. Overall, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 53%. The export price peaked at $755 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($554 per unit) and Singapore ($411 per unit), while the average price for exports to Sri Lanka ($399 per unit) and Indonesia ($399 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 Tanzania (+45.7%), 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 Vietnam
In 2022, approx. 7.7K units of heaters; instantaneous or storage water heaters, non-electric, other than gasses were imported into Vietnam; with a decrease of -10.9% against the previous year's figure. Overall, imports showed a abrupt decrease. Over the period under review, imports of attained the peak figure at 15K 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 surged to $4.2M in 2022. In general, imports faced a deep contraction. Imports peaked at $6.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 4.1 | 3.2 | 4.1 | -10.9% |
| Others | 0.4 | 0.3 | 0.1 | 0.2 | -20.6% |
| Total | 6.2 | 4.4 | 3.3 | 4.2 | -12.2% |
Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Vietnam in 2022:
- China (7.5K units)
Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam
After three years of growth, shipments abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -13.6% to 1.9K units in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 130%. As a result, the exports reached the peak of 2.2K units, and then contracted in the following year.
In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses surged to $756K in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.0% 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 +51.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 509 | 391 | 422 | 575 | 4.1% |
| Indonesia | N/A | 19.9 | 32.7 | 65.5 | 81.4% |
| Malaysia | N/A | N/A | N/A | 36.7 | 0% |
| Tanzania | N/A | N/A | 21.7 | 29.3 | 35.0% |
| Sri Lanka | 14.4 | N/A | 17.7 | 20.3 | 12.1% |
| India | 14.9 | 30.0 | 17.5 | 20.0 | 10.3% |
| Others | 45.0 | 59.0 | 102 | 8.6 | -42.4% |
| Total | 583 | 500 | 614 | 756 | 9.0% |
Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Vietnam in 2022:
- Japan (1438.0 units)
- Indonesia (164.0 units)
- Malaysia (92.0 units)
- Tanzania (73.0 units)
- Sri Lanka (51.0 units)
- India (50.0 units)
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