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

Contents:

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

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

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $1,111 per unit in December 2023, increasing by 21% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The import price peaked at $1,116 per unit in October 2023; afterwards, it flattened through to December 2023.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Austria ($1,324 per unit), while the price for Poland ($845 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In December 2023, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $1,109 per unit, with an increase of 7.2% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 29% month-to-month. As a result, the export price attained the peak level of $1,144 per unit; afterwards, it flattened through to December 2023.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Belgium ($2,606 per unit), while the average price for exports to Germany ($1,072 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+9.3%), 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 Switzerland

For the fourth consecutive year, Switzerland recorded growth in purchases abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which increased by 8.3% to 144K units in 2022. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.9%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses totaled $113M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Germany (56.6K units)
2. Austria (54.2K units)
3. Italy (14.9K units)
4. Poland (10.8K units)
5. China (3.3K units)
6. France (1.1K units)

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

After three years of growth, overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses decreased by -10% to 45K units in 2022. The total export volume increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 20% against the previous year. Over the period under review, the exports of hit record highs at 50K units in 2021, and then dropped in the following year.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses plummeted to $33M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 33% against the previous year. The exports peaked at $43M in 2021, and then fell remarkably in the following year.

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

1. Germany (36.0K units)
2. Austria (2.7K units)
3. Italy (2.1K units)
4. France (1.8K units)
5. Belgium (1.0K units)

Source: IndexBox Market Intelligence Platform