Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy - 2023
Contents:
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy (FOB) - 2023
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy (CIF) - 2023
- Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy
- Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy (FOB) - 2023
In October 2023, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $668 per unit, surging by 40% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was the United States ($2,177 per unit), while the average price for exports to Morocco ($309 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 the United States (+7.4%), 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 Italy (CIF) - 2023
The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $815 per unit in October 2023, rising by 115% against the previous month. Over the period under review, the import price posted buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($1,615 per unit), while the price for China ($260 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 Bulgaria (+3.7%), 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 Italy
For the fourth year in a row, Italy recorded growth in shipments abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which increased by 5.5% to 440K units in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses skyrocketed to $191M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 36%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 19.4 | 24.8 | 35.8 | 45.9 | 33.3% |
| France | 15.6 | 14.4 | 30.6 | 41.9 | 39.0% |
| Austria | 7.8 | 8.8 | 12.7 | 15.7 | 26.3% |
| Switzerland | 5.3 | 5.5 | 7.2 | 9.7 | 22.3% |
| United States | 6.0 | 12.1 | 8.8 | 7.9 | 9.6% |
| Czech Republic | 3.1 | 2.8 | 4.8 | 6.9 | 30.6% |
| Spain | 5.6 | 5.7 | 7.0 | 5.0 | -3.7% |
| Romania | 2.5 | 2.0 | 2.6 | 4.1 | 17.9% |
| Slovenia | 1.2 | 1.0 | 2.2 | 3.3 | 40.1% |
| United Arab Emirates | 3.1 | 1.8 | 2.4 | 1.7 | -18.1% |
| Others | 40.9 | 39.4 | 47.3 | 49.1 | 6.3% |
| Total | 111 | 118 | 161 | 191 | 19.8% |
Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Italy in 2022:
- Germany (145.0K units)
- France (90.2K units)
- Austria (47.3K units)
- Switzerland (21.6K units)
- Czech Republic (21.3K units)
- Romania (10.0K units)
- Spain (9.3K units)
- United States (8.0K units)
- Slovenia (7.5K units)
- United Arab Emirates (3.6K units)
Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy
In 2022, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into Italy surged to 307K units, with an increase of 49% against the previous year. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 114%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses soared to $114M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 101%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 6.5 | 3.6 | 9.7 | 26.2 | 59.1% |
| Germany | 15.0 | 14.0 | 29.8 | 24.5 | 17.8% |
| United Kingdom | 2.0 | 0.2 | 1.3 | 14.3 | 92.6% |
| Austria | 4.7 | 3.5 | 7.6 | 8.9 | 23.7% |
| China | 1.2 | 1.5 | 2.9 | 8.4 | 91.3% |
| Netherlands | 0.2 | 0.3 | 2.1 | 6.5 | 219.1% |
| Bulgaria | 1.0 | 0.8 | 2.2 | 4.4 | 63.9% |
| France | 5.2 | 4.4 | 7.6 | 3.9 | -9.1% |
| Poland | 2.4 | 1.7 | 3.2 | 3.8 | 16.6% |
| Spain | 2.3 | 1.0 | 1.8 | 3.6 | 16.1% |
| Turkey | 1.1 | 1.8 | 2.8 | 2.4 | 29.7% |
| Portugal | 4.3 | 1.8 | 0.6 | 0.4 | -54.7% |
| Others | 5.0 | 3.6 | 5.1 | 6.5 | 9.1% |
| Total | 51.0 | 38.1 | 76.7 | 114 | 30.8% |
Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Italy in 2022:
- Germany (84.5K units)
- Greece (78.1K units)
- United Kingdom (30.8K units)
- China (19.6K units)
- Austria (16.6K units)
- Netherlands (15.9K units)
- Bulgaria (14.4K units)
- Poland (9.4K units)
- Turkey (9.2K units)
- France (8.6K units)
- Spain (7.3K units)
- Portugal (1.1K units)
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