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

Contents:

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

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

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $325 per unit in October 2023, falling by -5.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 26% m-o-m. The export price peaked at $344 per unit in September 2023, and then reduced in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Cyprus ($549 per unit), while the average price for exports to Israel ($221 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 Portugal (+2.4%), 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 Greece (CIF) - 2023

In October 2023, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $326 per unit, declining by -42.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 59% m-o-m. As a result, import price attained the peak level of $663 per unit. From July 2023 to October 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($980 per unit), while the price for the Netherlands ($108 per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+17.3%), 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 Greece

In 2022, after three years of growth, there was decline in overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses, when their volume decreased by -4.9% to 242K units. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. The exports peaked at 255K units in 2021, and then fell modestly in the following year.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $71M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +60.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.

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

1. Italy (89.2K units)
2. France (31.0K units)
3. Albania (19.2K units)
4. United Arab Emirates (16.6K units)
5. Portugal (10.3K units)
6. Chile (10.0K units)
7. Morocco (8.2K units)
8. Cyprus (7.6K units)
9. Israel (6.6K units)
10. Bulgaria (5.4K units)
11. Lebanon (5.3K units)
12. Kenya (4.4K units)
13. Spain (4.1K units)

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

Imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into Greece totaled 6.5K units in 2022, picking up by 2% compared with the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, imports attained the peak of 7.6K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reached $2.6M in 2022. Over the period under review, imports, however, continue to indicate a slight reduction. The pace of growth was the most pronounced in 2020 when imports increased by 50%. As a result, imports reached the peak of $4.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. Germany (2336.0 units)
2. Bulgaria (1526.0 units)
3. Italy (705.0 units)
4. China (521.0 units)
5. Austria (402.0 units)
6. Turkey (302.0 units)
7. Poland (236.0 units)
8. Belgium (230.0 units)

Source: IndexBox Market Intelligence Platform