Middle East: Boiler Parts Market 2025

Boiler Parts Market Size in the Middle East

The Middle Eastern boiler parts market reduced slightly to $X in 2021, declining by -4.2% against the previous year. Overall, consumption saw a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Boiler Parts Production in the Middle East

In value terms, boiler parts production declined to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 +1.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 69% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Boiler Parts Exports

Exports in the Middle East

In 2021, overseas shipments of parts of boilers for central heating increased by 48% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 71% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, boiler parts exports skyrocketed to $X in 2021. In general, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the main exporter of parts of boilers for central heating in the Middle East, mixing up 99% of total export.

Turkey was also the fastest-growing in terms of the parts of boilers for central heating exports, with a CAGR of +10.3% from 2012 to 2021. Turkey (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest boiler parts supplier in the Middle East.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +13.5%.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, surging by 20% against the previous year. Over the period under review, the export price continues to indicate a measured increase. The pace of growth was the most pronounced in 2014 an increase of 55%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to +2.9% per year.

Boiler Parts Imports

Imports in the Middle East

In 2021, purchases abroad of parts of boilers for central heating increased by 59% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, showed a deep contraction. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, boiler parts imports surged to $X in 2021. Overall, imports, however, showed a abrupt decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the major importer of parts of boilers for central heating in the Middle East, with the volume of imports amounting to X tons, which was approx. 57% of total imports in 2021. It was distantly followed by Iran (X tons), Jordan (X tons) and Lebanon (X tons), together making up a 38% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to boiler parts imports into Turkey stood at -2.1%. At the same time, Lebanon (+34.7%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +34.7% from 2012-2021. Jordan experienced a relatively flat trend pattern. By contrast, Iran (-17.9%) illustrated a downward trend over the same period. Turkey (+42 p.p.), Lebanon (+9.7 p.p.) and Jordan (+8.6 p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -5% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported parts of boilers for central heating in the Middle East, comprising 65% of total imports. The second position in the ranking was held by Iran ($X), with a 24% share of total imports. It was followed by Jordan, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to -3.3%. In the other countries, the average annual rates were as follows: Iran (-18.8% per year) and Jordan (-10.5% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, falling by -10.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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