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

Contents:

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

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

The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $615 per unit in 2022, approximately reflecting the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -18.5% against 2019 indices. The growth pace was the most rapid in 2018 when the average export price increased by 44% against the previous year. The export price peaked at $754 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($618 per unit), while the average price for exports to Italy ($36 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 Croatia (+1.4%), 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 Serbia (CIF) - 2022

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $483 per unit in 2022, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Croatia ($522 per unit) and Greece ($485 per unit), while the price for Turkey ($480 per unit) and North Macedonia ($482 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+2.1%), 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 Serbia

In 2022, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses from Serbia surged to 5.1K units, rising by 27% on 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 44% 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 $3.1M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

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

1. Austria (2852.0 units)
2. Netherlands (476.0 units)
3. Slovenia (368.0 units)
4. Montenegro (364.0 units)
5. Russia (271.0 units)
6. North Macedonia (191.0 units)
7. Croatia (144.0 units)

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, when their volume decreased by -6.9% to 3.8K units. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, imports reached the peak of 4.1K units, and then contracted in the following year.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses reached $1.8M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. 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 Serbia in 2022:

1. Bulgaria (1398.0 units)
2. Germany (547.0 units)
3. Italy (450.0 units)
4. Austria (444.0 units)
5. China (335.0 units)
6. North Macedonia (135.0 units)
7. Greece (130.0 units)
8. Switzerland (74.0 units)

Source: IndexBox Market Intelligence Platform