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

Contents:

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

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

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $246 per unit in October 2023, leveling off at the previous month. Over the period under review, the export price recorded a slight decrease. The pace of growth was the most pronounced in September 2023 an increase of 3.5% m-o-m. The export price peaked at $278 per unit in November 2022; however, from December 2022 to October 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From November 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to -1.1% per month.

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

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $50.9 per unit in October 2023, with a decrease of -79.5% 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 August 2023 an increase of 203% month-to-month. The import price peaked at $249 per unit in September 2023, and then shrank significantly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($449 per unit), while the price for China totaled $34.3 per unit.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.0%).

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

In 2022, shipments abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -18.2% to 2M units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 142%. As a result, the exports attained the peak of 2.4M units, and then reduced dramatically in the following year.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses expanded slightly to $511M in 2022. The total export value increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 19%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. United States (1986.4K units)

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

For the fourth year in a row, Mexico recorded growth in supplies from abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which increased by 2.4% to 692K units in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 208% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses fell significantly to $56M in 2022. Overall, imports, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $72M, and then shrank remarkably in the following year.

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

1. China (634.9K units)
2. United States (56.3K units)

Source: IndexBox Market Intelligence Platform