Ireland: Boiler Parts Market 2024

Boiler Parts Market Size in Ireland

The Irish boiler parts market skyrocketed to $X in 2021, picking up by 492% against the previous year. In general, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Boiler Parts Production in Ireland

In value terms, boiler parts production totaled $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 20% against the previous year. Boiler parts production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Boiler Parts Exports

Exports from Ireland

In 2021, approx. X tons of parts of boilers for central heating were exported from Ireland; jumping by 59% compared with 2020 figures. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 298% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, boiler parts exports skyrocketed to $X in 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2014 with an increase of 280%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for boiler parts exports from Ireland, with a 74% share of total exports. Moreover, boiler parts exports to the UK exceeded the volume sent to the second major destination, Falkland Islands (Malvinas) (X tons), threefold. Switzerland (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +28.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Falkland Islands (Malvinas) (+0.2% per year) and Switzerland (+25.3% per year).

In value terms, the UK ($X) remains the key foreign market for parts of boilers for central heating exports from Ireland, comprising 90% of total exports. The second position in the ranking was held by Germany ($X), with a 4.9% share of total exports. It was followed by Falkland Islands (Malvinas), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+209.9% per year) and Falkland Islands (Malvinas) (-29.2% per year).

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Falkland Islands (Malvinas) ($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 New Zealand (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into Ireland

In 2021, the amount of parts of boilers for central heating imported into Ireland soared to X tons, increasing by 427% on the previous year's figure. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, boiler parts imports soared to $X in 2021. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) was the main boiler parts supplier to Ireland, accounting for a 90% share of total imports. It was followed by Germany (X tons), with a 2.5% share of total imports. Turkey (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.8% per year) and Turkey (+64.3% per year).

In value terms, the UK ($X) constituted the largest supplier of parts of boilers for central heating to Ireland, comprising 88% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.8% share of total imports. It was followed by Italy, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +48.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.7% per year) and Italy (-4.1% per year).

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2021, surging by 22% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.2% 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 +93.9% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 40%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Turkey ($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 UK (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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