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

Contents:

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

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

In 2022, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $14 per unit, growing by 16% against the previous year. Overall, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 30% against the previous year. The import price peaked at $108 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Belgium ($12 per unit), while the price for China totaled $6.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-19.8%).

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

In 2022, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $412 per unit, with an increase of 16% against the previous year. Over the period under review, the export price, however, showed a deep slump. The growth pace was the most rapid in 2014 an increase of 230% against the previous year. The export price peaked at $6,667 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($3,156 per unit), while the average price for exports to Uganda ($85 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 the United Arab Emirates (+8.2%), 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 India

In 2022, purchases abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses was finally on the rise to reach 377K units for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a tangible increase. As a result, imports reached 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 surged to $5.2M in 2022. Over the period under review, imports continue to indicate a noticeable increase. 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 India in 2022:

1. China (349.1K units)
2. Belgium (23.6K units)

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

In 2022, approx. 6.9K units of heaters; instantaneous or storage water heaters, non-electric, other than gasses were exported from India; with a decrease of -30.9% on 2021. In general, exports continue to indicate a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 15%. Over the period under review, the exports of hit record highs at 16K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reduced sharply to $2.8M in 2022. Overall, exports recorded a dramatic shrinkage. Over the period under review, the exports of attained the peak figure at $11M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Nepal (1829.0 units)
2. Poland (1497.0 units)
3. Tanzania (1479.0 units)
4. Uganda (585.0 units)
5. Nigeria (555.0 units)
6. Kenya (188.0 units)
7. Australia (150.0 units)
8. Madagascar (126.0 units)
9. United Arab Emirates (29.0 units)
10. Germany (2.0 units)

Source: IndexBox Market Intelligence Platform