EU: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in the EU

After two years of decline, the EU market for central heating boilers, for producing hot water or low pressure steam increased by 12% to $X in 2022. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam dropped to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

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

Exports in the EU

In 2022, exports of central heating boilers, for producing hot water or low pressure steam in the European Union dropped slightly to X units, with a decrease of -4.9% against the previous year. Over the period under review, exports recorded a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam contracted slightly to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

The shipments of the six major exporters of central heating boilers, for producing hot water or low pressure steam, namely Italy, Germany, Austria, Slovakia, Poland and the Netherlands, represented more than two-thirds of total export. France (X units), the Czech Republic (X units), Hungary (X units), Ireland (X units), Croatia (X units) and Romania (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +10.7%), while 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 the European Union were Austria ($X), Germany ($X) and Italy ($X), together comprising 60% of total exports. These countries were followed by Slovakia, Poland, the Netherlands, France, the Czech Republic, Ireland, Hungary, Croatia and Romania, which together accounted for a further 35%.

In terms of the main exporting countries, Croatia, with a CAGR of +11.6%, 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

In 2022, the export price in the European Union amounted to $X per unit, surging by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 an increase of 7.7%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per unit), while Romania ($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 Czech Republic (+8.7%), 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 the EU

In 2022, supplies from abroad of central heating boilers, for producing hot water or low pressure steam increased by 4.6% to X units, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 26%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam rose to $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +66.7% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X units), distantly followed by France (X units), Italy (X units), Spain (X units), Romania (X units), Poland (X units), Austria (X units) and Belgium (X units) represented the major importers of central heating boilers, for producing hot water or low pressure steam, together achieving 82% of total imports. Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of +5.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in the European Union, comprising 28% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +5.8%. In the other countries, the average annual rates were as follows: Italy (+4.4% per year) and France (+1.5% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, waning by -2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2016 when the import price increased by 9.8% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then shrank slightly 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 Belgium ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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