Central Asia: Boiler Parts Market 2024

Boiler Parts Market Size in Central Asia

In 2021, the Central Asian boiler parts market increased by 31% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +71.0% against 2016 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Boiler Parts Production in Central Asia

In value terms, boiler parts production expanded significantly to $X in 2021 estimated in export price. In general, production showed slight growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 63%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Boiler Parts Exports

Exports in Central Asia

In 2021, shipments abroad of parts of boilers for central heating decreased by -23.8% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 227% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, boiler parts exports shrank rapidly to $X in 2021. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 368%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented roughly 100% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +286.2%).

In value terms, Kazakhstan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +628.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, shrinking by -38.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 91% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+88.5%).

Boiler Parts Imports

Imports in Central Asia

For the fifth year in a row, Central Asia recorded growth in supplies from abroad of parts of boilers for central heating, which increased by 42% to X tons in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 84% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, boiler parts imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 56%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

Turkmenistan (X tons) and Kazakhstan (X tons) prevails in imports structure, together generating 89% of total imports. It was distantly followed by Uzbekistan (X tons), mixing up an 8.5% share of total imports. Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uzbekistan (with a CAGR of +47.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported parts of boilers for central heating in Central Asia, comprising 62% of total imports. The second position in the ranking was taken by Turkmenistan ($X), with a 20% share of total imports. It was followed by Uzbekistan, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +7.3%. In the other countries, the average annual rates were as follows: Turkmenistan (+7.9% per year) and Uzbekistan (+60.6% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, approximately mirroring the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+9.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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