ECOWAS: 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 ECOWAS

The ECOWAS market for central heating boilers, for producing hot water or low pressure steam stood at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14% 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 remained at a lower figure.

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

Exports in ECOWAS

In 2022, shipments abroad of central heating boilers, for producing hot water or low pressure steam decreased by -8.8% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 4,242%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam fell to $X in 2022. In general, exports showed a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of 3,128% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Cote d'Ivoire represented the major exporting country with an export of about X units, which accounted for 81% of total exports. It was distantly followed by Nigeria (X units), constituting a 19% share of total exports.

Cote d'Ivoire 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 +63.2% from 2012 to 2022. At the same time, Nigeria (+26.7%) displayed positive paces of growth. While the share of Cote d'Ivoire (+80 p.p.) and Nigeria (+16 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest central heating boilers, for producing hot water or low pressure steam supplier in ECOWAS, comprising 87% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 13% share of total exports.

In Cote d'Ivoire, exports of central heating boilers, for producing hot water or low pressure steam expanded at an average annual rate of +61.0% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the export price, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 43% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-1.4%).

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

Imports in ECOWAS

In 2022, the amount of central heating boilers, for producing hot water or low pressure steam imported in ECOWAS surged to X units, growing by 31% on the previous year's figure. Over the period under review, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 760%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam surged to $X in 2022. Overall, imports continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2016 with an increase of 623%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Nigeria dominates steam structure, reaching X units, which was near 89% of total imports in 2022. The following importers - Cote d'Ivoire (X units), Senegal (X units) and Burkina Faso (X units) - each reached a 6.1% share of total imports.

Imports into Nigeria increased at an average annual rate of +10.9% from 2012 to 2022. At the same time, Burkina Faso (+56.7%) and Senegal (+25.0%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +56.7% from 2012-2022. By contrast, Cote d'Ivoire (-5.3%) illustrated a downward trend over the same period. Nigeria (+17 p.p.), Senegal (+1.7 p.p.) and Burkina Faso (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by -6.9% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in ECOWAS, comprising 83% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 3.4% share of total imports. It was followed by Senegal, with a 2.8% share.

In Nigeria, imports of central heating boilers, for producing hot water or low pressure steam expanded at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+1.5% per year) and Senegal (+30.1% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, reducing by -11.8% against the previous year. Overall, the import price showed a abrupt downturn. The growth pace was the most rapid in 2021 when the import price increased by 108% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform