India: Boiler Parts Market 2025

Boiler Parts Market Size in India

In 2021, after two years of growth, there was decline in the Indian boiler parts market, when its value decreased by -1.7% to $X. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Boiler Parts Production in India

In value terms, boiler parts production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 42%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Boiler Parts Exports

Exports from India

In 2021, after two years of decline, there was significant growth in overseas shipments of parts of boilers for central heating, when their volume increased by 242% to X tons. Over the period under review, exports, however, continue to indicate a perceptible contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, boiler parts exports skyrocketed to $X in 2021. Overall, exports, however, recorded a drastic downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Senegal (X tons) was the main destination for boiler parts exports from India, accounting for a 45% share of total exports. Moreover, boiler parts exports to Senegal exceeded the volume sent to the second major destination, Uganda (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal stood at +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+31.9% per year) and the United Arab Emirates (-3.6% per year).

In value terms, the United Arab Emirates ($X), Uganda ($X) and Malaysia ($X) were the largest markets for boiler parts exported from India worldwide, together accounting for 47% of total exports. These countries were followed by Senegal, Sri Lanka, the UK, the Philippines, Nepal and Kenya, which together accounted for a further 37%.

The UK, with a CAGR of +131.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average boiler parts export price amounted to $X per ton, which is down by -50.6% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 51%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Senegal ($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 Ethiopia (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into India

In 2021, boiler parts imports into India soared to X tons, picking up by 36% compared with the previous year. In general, imports, however, showed a sharp curtailment. The growth pace was the most rapid in 2015 with an increase of 1,124%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, boiler parts imports dropped to $X in 2021. Over the period under review, imports, however, showed a dramatic descent. The most prominent rate of growth was recorded in 2015 with an increase of 1,378%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of boiler parts to India, accounting for a 85% share of total imports. Moreover, boiler parts imports from Italy exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. South Korea (X kg) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-12.4% per year) and South Korea (+29.5% per year).

In value terms, Italy ($X) constituted the largest supplier of parts of boilers for central heating to India, comprising 64% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by the United States, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.4% per year) and the United States (-57.7% per year).

Import Prices by Country

In 2021, the average boiler parts import price amounted to $X per ton, dropping by -32% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 149%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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