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

Contents:

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

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

The average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses stood at $647 per unit in October 2023, increasing by 9.9% against the previous month. Over the period under review, import price indicated a notable increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses increased by +66.0% against October 2022 indices. The pace of growth was the most pronounced in August 2023 when the average import price increased by 18% m-o-m. Over the period under review, average import prices reached the peak figure in October 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($1,283 per unit), while the price for Poland ($343 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 Italy (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In October 2023, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $481 per unit, approximately reflecting the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in January 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices reached the peak figure at $483 per unit in September 2023, and then contracted modestly in the following month.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Slovakia ($661 per unit), while the average price for exports to Ukraine ($313 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 Slovakia (+2.9%), 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 the Czech Republic

Imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into the Czech Republic soared to 129K units in 2022, increasing by 55% compared with 2021. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached 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 skyrocketed to $52M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.4% 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 +83.5% against 2019 indices. As a result, imports attained 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 the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway4.38.48.710.534.7%
Poland3.43.34.28.937.8%
Germany6.26.68.78.611.5%
Italy2.92.72.86.832.9%
Sweden2.42.63.84.119.5%
Slovakia2.11.81.63.113.9%
Belgium1.61.72.52.719.1%
Austria1.51.72.02.010.1%
Netherlands1.31.41.61.67.2%
Others2.41.42.23.412.3%
Total28.231.638.151.722.4%

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

  1. Poland (30.5K units)
  2. Italy (21.7K units)
  3. Norway (19.0K units)
  4. Germany (18.0K units)
  5. Austria (10.1K units)
  6. Slovakia (9.6K units)
  7. Belgium (5.4K units)
  8. Sweden (3.5K units)
  9. Netherlands (2.0K units)

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

For the fourth consecutive year, the Czech Republic recorded growth in shipments abroad of heaters; instantaneous or storage water heaters, non-electric, other than gasses, which increased by 7.7% to 88K units in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses rose sharply to $32M in 2022. The total export value increased at an average annual rate of +12.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Export of Heaters; Instantaneous or Storage Water Heaters, Non-Electric, Other than Gas in the Czech Republic (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Poland3.34.65.211.953.3%
Slovakia5.36.06.67.914.2%
Germany1.02.13.73.754.7%
Austria0.90.90.71.313.0%
Hungary0.60.60.81.018.6%
Lithuania0.50.60.80.921.6%
Denmark0.40.40.50.826.0%
Ukraine0.91.21.70.7-8.0%
Latvia0.30.30.40.732.6%
Russia8.08.26.30.7-55.6%
Netherlands0.1N/AN/A0.681.7%
FranceN/A0.10.10.5123.6%
Others1.31.21.71.42.5%
Total22.626.228.632.312.6%

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

  1. Poland (39.3K units)
  2. Slovakia (16.2K units)
  3. Germany (6.4K units)
  4. Hungary (3.5K units)
  5. Lithuania (3.2K units)
  6. Austria (2.9K units)
  7. Ukraine (2.7K units)
  8. Russia (2.4K units)
  9. Latvia (2.3K units)
  10. Denmark (2.1K units)
  11. Netherlands (1.9K units)
  12. France (1.3K units)

Source: IndexBox Market Intelligence Platform

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