ASEAN: Super-Heated Water Boiler Market 2025

Super-Heated Water Boiler Market Size in ASEAN

In 2021, the ASEAN super-heated water boiler market decreased by -10.7% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -28.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Super-Heated Water Boiler Production in ASEAN

In value terms, super-heated water boiler production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild slump. The pace of growth was the most pronounced in 2017 with an increase of 63%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Super-Heated Water Boiler Exports

Exports in ASEAN

In 2021, overseas shipments of super-heated water boilers were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, super-heated water boiler exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Myanmar represented the key exporting country with an export of around X tons, which recorded 65% of total exports. The Philippines (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons). All these countries together took near 30% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Exports from Myanmar increased at an average annual rate of +44.0% from 2012 to 2021. At the same time, the Philippines (+58.4%) and Indonesia (+41.0%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +58.4% from 2012-2021. By contrast, Vietnam (-13.5%) illustrated a downward trend over the same period. While the share of Myanmar (+65 p.p.), the Philippines (+24 p.p.) and Indonesia (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Vietnam (-12.6 p.p.) displayed negative dynamics.

In value terms, the Philippines ($X) emerged as the largest super-heated water boiler supplier in ASEAN, comprising 61% of total exports. The second position in the ranking was held by Myanmar ($X), with a 15% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines amounted to +66.2%. In the other countries, the average annual rates were as follows: Myanmar (+14.4% per year) and Vietnam (-10.0% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, falling by -63.3% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the export price increased by 91%. The level of export peaked at $X per ton in 2020, and then fell markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.1%), while the other leaders experienced more modest paces of growth.

Super-Heated Water Boiler Imports

Imports in ASEAN

In 2021, purchases abroad of super-heated water boilers decreased by -54% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 433% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, super-heated water boiler imports dropped notably to $X in 2021. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 500%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia dominates imports structure, recording X tons, which was approx. 87% of total imports in 2021. It was distantly followed by Vietnam (X tons), generating a 5.1% share of total imports. The following importers - Malaysia (X tons) and Thailand (X tons) - each recorded a 6.4% share of total imports.

Imports into Indonesia increased at an average annual rate of +25.5% from 2012 to 2021. At the same time, Vietnam (+35.4%), Thailand (+28.8%) and Malaysia (+22.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +35.4% from 2012-2021. From 2012 to 2021, the share of Indonesia and Vietnam increased by +13 and +2.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported super-heated water boilers in ASEAN, comprising 73% of total imports. The second position in the ranking was held by Vietnam ($X), with a 15% share of total imports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia totaled +25.2%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+46.4% per year) and Malaysia (+16.9% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, jumping by 35% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+8.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform