Iran: Vapour Generating Boiler Market 2025

Vapour Generating Boiler Market Size in Iran

After two years of decline, the Iranian vapour generating boiler market increased by 2.3% to $X in 2021. Overall, consumption, however, continues to indicate a perceptible slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vapour Generating Boiler Production in Iran

In value terms, vapour generating boiler production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 53%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Vapour Generating Boiler Exports

Exports from Iran

Vapour generating boiler exports from Iran contracted dramatically to X tons in 2021, waning by -41.8% on the year before. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 428%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, vapour generating boiler exports declined rapidly to $X in 2021. Overall, exports faced a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 399%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Turkmenistan (X tons), Afghanistan (X tons) and Iraq (X tons) were the main destinations of vapour generating boiler exports from Iran, with a combined 73% share of total exports. These countries were followed by Azerbaijan, Kuwait, Spain, Turkey, Uzbekistan, Kazakhstan and Armenia, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +23.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X), Turkmenistan ($X) and Iraq ($X) were the largest markets for vapour generating boiler exported from Iran worldwide, together accounting for 76% of total exports. These countries were followed by Spain, Kuwait, Azerbaijan, Turkey, Armenia, Uzbekistan and Kazakhstan, which together accounted for a further 23%.

In terms of the main countries of destination, Spain, with a CAGR of +47.6%, 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

The average vapour generating boiler export price stood at $X per ton in 2021, dropping by -29.2% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 41%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Uzbekistan ($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 Spain (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Generating Boiler Imports

Imports into Iran

After two years of growth, supplies from abroad of vapour generating boilers decreased by -91.8% to X tons in 2021. Over the period under review, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2019 when imports increased by 346%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, vapour generating boiler imports declined markedly to $X in 2021. Overall, imports faced a dramatic contraction. The most prominent rate of growth was recorded in 2017 with an increase of 289%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest vapour generating boiler supplier to Iran, with a 44% share of total imports. Moreover, vapour generating boiler imports from China exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +44.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+39.2% per year) and Belgium (+16.7% per year).

In value terms, the largest vapour generating boiler suppliers to Iran were Belgium ($X), Romania ($X) and China ($X), with a combined 78% share of total imports.

In terms of the main suppliers, Romania, with a CAGR of +51.8%, recorded the highest growth rate of 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

In 2021, the average vapour generating boiler import price amounted to $X per ton, waning by -20.2% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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