Greece: Boiler Parts Market 2025

Boiler Parts Market Size in Greece

The Greek boiler parts market totaled $X in 2021, growing by 6.5% against the previous year. In general, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Boiler Parts Production in Greece

In value terms, boiler parts production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a precipitous contraction. The pace of growth appeared the most rapid in 2015 with an increase of 104% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Boiler Parts Exports

Exports from Greece

In 2021, shipments abroad of parts of boilers for central heating increased by 406% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a deep contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, boiler parts exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for boiler parts exports from Greece, with a 64% share of total exports. Moreover, boiler parts exports to Austria exceeded the volume sent to the second major destination, Albania (X tons), fivefold. Liberia (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria amounted to +166.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (-13.7% per year) and Liberia (+112.0% per year).

In value terms, Austria ($X), Albania ($X) and Liberia ($X) were the largest markets for boiler parts exported from Greece worldwide, together accounting for 70% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +128.8%, 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 average boiler parts export price stood at $X per ton in 2021, which is down by -60.1% against the previous year. Overall, the export price, however, saw a modest increase. The pace of growth appeared the most rapid in 2016 an increase of 153% against the previous year. The export price peaked at $X per ton in 2020, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into Greece

In 2021, approx. X tons of parts of boilers for central heating were imported into Greece; growing by 32% against 2020 figures. Over the period under review, imports, however, saw a deep reduction. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, boiler parts imports soared to $X in 2021. In general, imports continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Germany (X tons) and Iran (X tons) were the main suppliers of boiler parts imports to Greece, together accounting for 88% of total imports. These countries were followed by Bulgaria, the Netherlands, Slovakia, Turkey, the Czech Republic and Romania, which together accounted for a further 9.4%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +133.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boiler parts suppliers to Greece were Italy ($X), Germany ($X) and Iran ($X), with a combined 91% share of total imports. Turkey, Slovakia, the Netherlands, Bulgaria, Romania and the Czech Republic lagged somewhat behind, together accounting for a further 6.6%.

In terms of the main suppliers, Slovakia, with a CAGR of +128.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2021, falling by -2.4% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boiler parts import price increased by +67.1% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 49% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then shrank modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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