Eastern Asia: 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 Eastern Asia

The East Asian market for central heating boilers, for producing hot water or low pressure steam rose modestly to $X in 2022, growing by 4.6% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded sharply to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 30%. Over the period under review, production of reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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

Exports in Eastern Asia

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were exported in Eastern Asia; picking up by 32% against 2021. Total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +75.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 45% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam rose remarkably to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +58.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, China (X units) represented the major exporter of central heating boilers, for producing hot water or low pressure steam, achieving 62% of total exports. It was distantly followed by South Korea (X units), creating a 36% share of total exports. Japan (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +51.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest central heating boilers, for producing hot water or low pressure steam supplying countries in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), together comprising 100% of total exports.

Among the main exporting countries, Japan, with a CAGR of +43.2%, saw the highest rates of growth with regard to 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 Eastern Asia stood at $X per unit in 2022, falling by -16.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 23%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the other leaders experienced a decline in the export price figures.

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

Imports in Eastern Asia

In 2022, purchases abroad of central heating boilers, for producing hot water or low pressure steam increased by 2.3% to X units, rising for the second consecutive year after three years of decline. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 42% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam shrank to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +7.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China prevails in steam structure, recording X units, which was near 93% of total imports in 2022. South Korea (X units) and Democratic People's Republic of Korea (X units) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Democratic People's Republic of Korea (+9.9%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.9% from 2012-2022. South Korea experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by +2.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in Eastern Asia, comprising 94% of total imports. The second position in the ranking was held by South Korea ($X), with a 4.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value in China totaled +5.2%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+6.2% per year) and Democratic People's Republic of Korea (-2.6% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, shrinking by -13.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2016 when the import price increased by 26%. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

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 South Korea ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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