Malaysia: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2025

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Malaysia

The Malaysian market for central heating boilers, for producing hot water or low pressure steam expanded modestly to $X in 2022, surging by 2.2% against the previous year. In general, consumption saw a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Malaysia

In value terms, production of central heating boilers, for producing hot water or low pressure steam amounted to $X in 2022 estimated in export price. Overall, production posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 50% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Malaysia

In 2022, the amount of central heating boilers, for producing hot water or low pressure steam exported from Malaysia skyrocketed to X units, with an increase of 61% compared with 2021. Overall, exports, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 253%. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of 277% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Malaysia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Thailand amounted to -8.3%.

In value terms, Thailand ($X) also remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Malaysia.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand amounted to -5.1%.

Export Prices by Country

The average export price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, shrinking by -7.8% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for central heating boilers, for producing hot water or low pressure steam increased by +50.6% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +12.8% per year.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Malaysia

After two years of growth, purchases abroad of central heating boilers, for producing hot water or low pressure steam decreased by -12.4% to X units in 2022. Overall, imports saw a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 179% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam reduced to $X in 2022. Over the period under review, imports faced a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 153% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Taiwan (Chinese) (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to Malaysia, with a combined 83% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest central heating boilers, for producing hot water or low pressure steam suppliers to Malaysia were China ($X), Italy ($X) and Taiwan (Chinese) ($X), with a combined 83% share of total imports.

Italy, with a CAGR of +16.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, with an increase of 5.1% against the previous year. Over the period under review, the import price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 14%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per unit) and Italy ($X per unit), while the price for China ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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