CIS: 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 CIS

The CIS market for central heating boilers, for producing hot water or low pressure steam rose to $X in 2022, growing by 2.5% against the previous year. Over the period under review, consumption enjoyed buoyant growth. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent expansion. The growth pace was the most rapid in 2015 when the production volume increased by 86% against the previous year. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in CIS

In 2022, exports of central heating boilers, for producing hot water or low pressure steam in the CIS totaled X units, surging by 4.4% compared with 2021 figures. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.0% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 42% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam expanded notably to $X in 2022. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 49%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia was the major exporter of central heating boilers, for producing hot water or low pressure steam in the CIS, with the volume of exports finishing at X units, which was near 57% of total exports in 2022. Belarus (X units) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by Kazakhstan (8%). The following exporters - Armenia (X units) and Moldova (X units) - together made up 6.8% of total exports.

From 2012 to 2022, average annual rates of growth with regard to central heating boilers, for producing hot water or low pressure steam exports from Russia stood at +4.8%. At the same time, Armenia (+57.1%), Kazakhstan (+50.6%) and Belarus (+8.5%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +57.1% from 2012-2022. Moldova experienced a relatively flat trend pattern. From 2012 to 2022, the share of Kazakhstan, Belarus and Armenia increased by +7.7, +3.9 and +3.4 percentage points, respectively.

In value terms, the largest central heating boilers, for producing hot water or low pressure steam supplying countries in the CIS were Russia ($X), Belarus ($X) and Moldova ($X), with a combined 91% share of total exports. These countries were followed by Kazakhstan and Armenia, which together accounted for a further 6.2%.

In terms of the main exporting countries, Kazakhstan, with a CAGR of +41.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, rising by 3.8% against the previous year. In general, the export price enjoyed a measured increase. The most prominent rate of growth was recorded in 2018 when the export price increased by 30% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Moldova ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+9.0%), 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 CIS

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were imported in the CIS; with a decrease of -5.5% against 2021. In general, imports showed a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 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 contracted to $X in 2022. Over the period under review, imports recorded a pronounced slump. The growth pace was the most rapid in 2017 when imports increased by 27%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the largest importer of central heating boilers, for producing hot water or low pressure steam in the CIS, with the volume of imports accounting for X units, which was approx. 57% of total imports in 2022. Kazakhstan (X units) held the second position in the ranking, distantly followed by Belarus (X units), Uzbekistan (X units), Azerbaijan (X units) and Moldova (X units). All these countries together held near 39% share of total imports. Armenia (X units) followed a long way behind the leaders.

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 Russia stood at -6.4%. At the same time, Uzbekistan (+26.4%), Azerbaijan (+9.8%), Armenia (+8.6%), Kazakhstan (+3.3%) and Moldova (+2.9%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +26.4% from 2012-2022. Belarus experienced a relatively flat trend pattern. Kazakhstan (+7.5 p.p.), Uzbekistan (+6.2 p.p.), Azerbaijan (+4 p.p.), Moldova (+2.2 p.p.), Armenia (+1.8 p.p.) and Belarus (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -24.4% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in the CIS, comprising 53% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total imports. It was followed by Uzbekistan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at -7.9%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-0.2% per year) and Uzbekistan (+32.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, increasing by 2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 13%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :