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

Contents:

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

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

In October 2023, the average import price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $607 per unit, shrinking by -36.9% against the previous month. In general, the import price saw a mild reduction. The pace of growth was the most pronounced in January 2023 an increase of 59% month-to-month. The import price peaked at $1,489 per unit in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From October 2022 to October 2023, the rate of growth in terms of prices for Denmark amounted to +29.1% per month.

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

In October 2023, the average export price for heaters; instantaneous or storage water heaters, non-electric, other than gasses amounted to $680 per unit, shrinking by -48.4% against the previous month. In general, the export price continues to indicate a mild reduction. The pace of growth was the most pronounced in January 2023 an increase of 91% against the previous month. The export price peaked at $1,699 per unit in June 2023; however, from July 2023 to October 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In October 2023, the country with the highest price was the UK ($837 per unit), while the average price for exports to Norway amounted to $672 per unit.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.1%), 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 Finland

Imports of heaters; instantaneous or storage water heaters, non-electric, other than gasses into Finland skyrocketed to 16K units in 2022, jumping by 67% on the year before. Over the period under review, imports continue to indicate significant growth. 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 soared to $11M in 2022. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

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

1. Germany (4.8K units)
2. China (3.4K units)
3. Sweden (3.0K units)
4. Denmark (1.5K units)
5. Estonia (1.1K units)
6. Netherlands (0.6K units)
7. Greece (0.4K units)
8. Poland (0.3K units)
9. Russia (0.1K units)

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

In 2022, the amount of heaters; instantaneous or storage water heaters, non-electric, other than gasses exported from Finland soared to 16K units, rising by 69% against 2021 figures. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 103%. As a result, the exports reached the peak of 18K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of heaters; instantaneous or storage water heaters, non-electric, other than gasses surged to $11M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -26.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 67%. As a result, the exports reached the peak of $15M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. France (7.4K units)
2. Sweden (2.1K units)
3. Norway (1.6K units)
4. Denmark (0.7K units)
5. United Kingdom (0.6K units)
6. Netherlands (0.5K units)
7. Mexico (0.5K units)
8. Germany (0.5K units)
9. Faroe Islands (0.4K units)
10. China (0.4K units)
11. Canada (0.3K units)
12. Russia (0.3K units)

Source: IndexBox Market Intelligence Platform