India: Super-Heated Water Boiler Market 2024

Super-Heated Water Boiler Market Size in India

In 2021, the Indian super-heated water boiler market increased by 28% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Super-heated water boiler consumption peaked in 2021 and is expected to retain growth in the near future.

Super-Heated Water Boiler Production in India

In value terms, super-heated water boiler production fell significantly to $X in 2021 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.0% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 46%. As a result, production attained the peak level of $X, and then shrank sharply in the following year.

Super-Heated Water Boiler Exports

Exports from India

In 2021, overseas shipments of super-heated water boilers decreased by -74.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports saw a noticeable slump. The pace of growth appeared the most rapid in 2018 when exports increased by 1,053%. The exports peaked at X tons in 2020, and then reduced dramatically in the following year.

In value terms, super-heated water boiler exports reduced remarkably to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 1,061% against the previous year. The exports peaked at $X in 2020, and then declined remarkably in the following year.

Exports by Country

Bangladesh (X tons) was the main destination for super-heated water boiler exports from India, with a 96% share of total exports. Moreover, super-heated water boiler exports to Bangladesh exceeded the volume sent to the second major destination, Uganda (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh stood at +55.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+120.7% per year) and the United Arab Emirates (-52.6% per year).

In value terms, Bangladesh ($X) remains the key foreign market for super-heated water boilers exports from India, comprising 93% of total exports. The second position in the ranking was taken by Uganda ($X), with a 6.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh totaled +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+116.1% per year) and the United Arab Emirates (-57.1% per year).

Export Prices by Country

The average super-heated water boiler export price stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Uganda ($X per ton), while the average price for exports to Bangladesh ($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 Senegal (+50.0%), while the prices for the other major destinations experienced more modest paces of growth.

Super-Heated Water Boiler Imports

Imports into India

In 2021, super-heated water boiler imports into India fell notably to X tons, waning by -51.2% on the previous year. Overall, imports showed a sharp setback. The growth pace was the most rapid in 2020 with an increase of 9,018%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, super-heated water boiler imports dropped notably to $X in 2021. In general, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 2,677% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest super-heated water boiler supplier to India, with a 66% share of total imports. Moreover, super-heated water boiler imports from China exceeded the figures recorded by the second-largest supplier, Italy (X kg), fourfold. Germany (X kg) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -42.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-30.6% per year) and Germany (+23.2% per year).

In value terms, the largest super-heated water boiler suppliers to India were Italy ($X), Germany ($X) and Singapore ($X), together accounting for 80% of total imports.

In terms of the main suppliers, Singapore, with a CAGR of +81.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average super-heated water boiler import price stood at $X per ton in 2021, shrinking by -43.9% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2019 when the average import price increased by 479%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+13.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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