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

Contents:

1. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Denmark (FOB) - 2023
2. Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Denmark (CIF) - 2022
3. Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Denmark
4. Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Denmark

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

In October 2023, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $1,697 per unit, which is down by -17.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 45% month-to-month. As a result, the export price reached the peak level of $2,518 per unit; afterwards, it flattened through to October 2023.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Faroe Islands ($7,704 per unit), while the average price for exports to Sweden ($681 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 Spain (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $405 per unit, falling by -5.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 42% against the previous year. As a result, import price attained the peak level of $436 per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($704 per unit), while the price for Poland ($277 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+23.9%), 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 Denmark

For the third year in a row, Denmark recorded decline in overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which decreased by -16.2% to 17K units in 2022. In general, exports saw a sharp contraction. The smallest decline of -7.6% was in 2021. The exports peaked at 45K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses fell dramatically to $30M in 2022. The total export value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 31%. As a result, the exports reached the peak of $37M, and then dropped remarkably in the following year.

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

1. United Kingdom (7.3K units)
2. Austria (4.3K units)
3. Sweden (2.4K units)
4. Iceland (1.0K units)
5. Germany (0.6K units)
6. Spain (0.5K units)
7. Faroe Islands (0.3K units)

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

For the fourth year in a row, Denmark recorded growth in overseas purchases of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which increased by 24% to 33K units in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Imports peaked in 2022 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 soared to $13M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Poland (15.5K units)
2. Germany (3.8K units)
3. Austria (2.5K units)
4. Sweden (2.0K units)
5. Czech Republic (1.9K units)
6. China (1.4K units)
7. Netherlands (1.3K units)
8. Belgium (1.3K units)
9. Switzerland (0.6K units)
10. Norway (0.5K units)
11. Bulgaria (0.4K units)

Source: IndexBox Market Intelligence Platform