ASEAN: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2025

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in ASEAN

The ASEAN market for central heating boilers, for producing hot water or low pressure steam reached $X in 2022, increasing by 3% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in ASEAN

In value terms, production of central heating boilers, for producing hot water or low pressure steam rose to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 15%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports in ASEAN

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were exported in ASEAN; picking up by 26% against the year before. In general, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 122%. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam rose sharply to $X in 2022. Over the period under review, exports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 188% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the largest exporter of central heating boilers, for producing hot water or low pressure steam in ASEAN, with the volume of exports finishing at X units, which was near 80% of total exports in 2022. It was distantly followed by Malaysia (X units) and Vietnam (X units), together constituting a 15% share of total exports. Singapore (X units) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the central heating boilers, for producing hot water or low pressure steam exports, with a CAGR of -7.4% from 2012 to 2022. Vietnam (-9.5%), Singapore (-17.7%) and Malaysia (-26.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia and Vietnam increased by +45 and +2.3 percentage points, respectively.

In value terms, Indonesia ($X) remains the largest central heating boilers, for producing hot water or low pressure steam supplier in ASEAN, comprising 68% of total exports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total exports. It was followed by Vietnam, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at -6.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-24.3% per year) and Vietnam (-6.0% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, declining by -12.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 30%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports in ASEAN

Imports of central heating boilers, for producing hot water or low pressure steam expanded notably to X units in 2022, with an increase of 10% on the year before. In general, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by 139% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam reduced to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 144%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Indonesia dominates steam structure, resulting at X units, which was approx. 73% of total imports in 2022. It was distantly followed by Malaysia (X units), Thailand (X units) and Vietnam (X units), together generating a 20% share of total imports. The Philippines (X units) and Singapore (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to central heating boilers, for producing hot water or low pressure steam imports into Indonesia stood at -3.0%. Vietnam experienced a relatively flat trend pattern. the Philippines (-2.7%), Malaysia (-8.3%), Thailand (-15.6%) and Singapore (-16.2%) illustrated a downward trend over the same period. Indonesia (+17 p.p.) and Vietnam (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Singapore and Thailand saw its share reduced by -2.7%, -3.5% and -14.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in ASEAN, comprising 67% of total imports. The second position in the ranking was taken by Thailand ($X), with a 9% share of total imports. It was followed by Vietnam, with a 7.5% share.

In Indonesia, imports of central heating boilers, for producing hot water or low pressure steam decreased by an average annual rate of -2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (-15.7% per year) and Vietnam (+0.1% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, declining by -15.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 19%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform