Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand - 2024
Contents:
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand (FOB) - 2022
- Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand (CIF) - 2022
- Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand
- Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand
Price for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand (FOB) - 2022
The average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $365 per unit in 2022, waning by -9% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 93% against the previous year. The export price peaked at $627 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 Australia ($1,118 per unit), while the average price for exports to Russia ($205 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 Netherlands (+37.7%), 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 Thailand (CIF) - 2022
The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $334 per unit in 2022, declining by -7.9% against the previous year. Overall, the import price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 25% against the previous year. As a result, import price reached the peak level of $424 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
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 Japan ($2,346 per unit), while the price for China ($96 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of heaters; instantaneous or storage water heaters, non-electric, other than gasses, when their volume decreased by -22% to 26K units. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 332% against the previous year. As a result, the exports reached the peak of 34K units, and then contracted markedly in the following year.
In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses declined significantly to $9.7M in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 267%. As a result, the exports reached the peak of $14M, and then declined dramatically in the following year.
| Export of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | 2.1 | 7.7 | 4.9 | 45.2% |
| Russia | N/A | N/A | 2.6 | 2.7 | 3.8% |
| Singapore | N/A | N/A | N/A | 0.6 | 0% |
| Australia | 0.4 | 0.4 | 0.3 | 0.5 | 7.7% |
| Netherlands | 0.1 | 0.1 | 0.1 | 0.5 | 71.0% |
| India | N/A | 0.2 | 0.2 | N/A | 0.0% |
| Others | 0.2 | 0.9 | 2.7 | 0.5 | 35.7% |
| Total | 2.3 | 3.7 | 13.6 | 9.7 | 61.6% |
Top Export Markets for Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas from Thailand in 2022:
- Russia (13.3K units)
- United States (9.5K units)
- Singapore (1.9K units)
- Netherlands (0.8K units)
- Australia (0.5K units)
Imports of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand
In 2022, the amount of heaters; instantaneous or storage water heaters, non-electric, other than gasses imported into Thailand skyrocketed to 9K units, jumping by 24% on the year before. The total import volume increased at an average annual rate of +12.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 totaled $3M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 54.9 | 67.0 | 283 | 1,661 | 211.6% |
| China | 1,034 | 274 | 816 | 717 | -11.5% |
| Japan | 688 | 199 | 194 | 260 | -27.7% |
| United States | 60.8 | 705 | 160 | 99.1 | 17.7% |
| Sweden | 8.0 | 13.6 | 69.9 | 53.6 | 88.5% |
| Australia | 43.4 | 74.8 | 59.6 | 39.4 | -3.2% |
| Italy | 13.1 | 570 | 2.5 | 24.1 | 22.5% |
| Malaysia | 397 | 382 | 220 | N/A | -25.6% |
| Others | 137 | 161 | 811 | 137 | 0.0% |
| Total | 2,436 | 2,447 | 2,617 | 2,992 | 7.1% |
Top Suppliers of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas to Thailand in 2022:
- China (7.5K units)
- Germany (0.8K units)
- Australia (0.1K units)
- Italy (0.1K units)
- Japan (0.1K units)
- United States (0.1K units)
- Sweden (0.1K units)
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