Benelux: 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 Benelux

In 2022, the Benelux market for central heating boilers, for producing hot water or low pressure steam was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, showed a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam amounted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2016 with an increase of 10%. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports in Benelux

In 2022, shipments abroad of central heating boilers, for producing hot water or low pressure steam decreased by -14.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam rose markedly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands prevails in steam structure, finishing at X units, which was near 93% of total exports in 2022. It was distantly followed by Belgium (X units), constituting a 6.7% share of total exports.

The Netherlands 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 +1.7% from 2012 to 2022. Belgium (-6.1%) illustrated a downward trend over the same period. While the share of the Netherlands (+7.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-6.9 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest central heating boilers, for producing hot water or low pressure steam supplier in Benelux, comprising 92% of total exports. The second position in the ranking was taken by Belgium ($X), with an 8.1% share of total exports.

In the Netherlands, exports of central heating boilers, for producing hot water or low pressure steam increased at an average annual rate of +1.7% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, picking up by 23% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.1%).

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

Imports in Benelux

In 2022, supplies from abroad of central heating boilers, for producing hot water or low pressure steam decreased by -6.3% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam shrank to $X in 2022. In general, imports saw a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium represented the largest importing country with an import of around X units, which reached 77% of total imports. It was distantly followed by the Netherlands (X units), making up a 20% share of total imports. Luxembourg (X units) held a little share of total imports.

Imports into Belgium decreased at an average annual rate of -3.0% from 2012 to 2022. Luxembourg (-1.6%) and the Netherlands (-12.1%) illustrated a downward trend over the same period. While the share of Belgium (+19 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-20.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in Benelux, comprising 82% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports.

In Belgium, imports of central heating boilers, for producing hot water or low pressure steam decreased by an average annual rate of -2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (-10.6% per year) and Luxembourg (-5.3% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, dropping by -4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2016 when the import price increased by 18% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then reduced slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform