Portugal: Boiler Parts Market 2025

Boiler Parts Market Size in Portugal

The Portuguese boiler parts market rose rapidly to $X in 2021, growing by 6.9% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Boiler parts consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Boiler Parts Production in Portugal

In value terms, boiler parts production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 1.3%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Boiler Parts Exports

Exports from Portugal

In 2021, overseas shipments of parts of boilers for central heating were finally on the rise to reach X tons after two years of decline. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 190%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, boiler parts exports soared to $X in 2021. Overall, exports posted prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 232% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main destinations of boiler parts exports from Portugal, together comprising 70% of total exports. These countries were followed by Chile, the UK, Tunisia, Algeria and Angola, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (with a CAGR of +1,395.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Spain ($X) were the largest markets for boiler parts exported from Portugal worldwide, with a combined 70% share of total exports. These countries were followed by Chile, Algeria, the UK, Tunisia and Angola, which together accounted for a further 24%.

Among the main countries of destination, Algeria, with a CAGR of +945.7%, saw the highest growth rate of 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

In 2021, the average boiler parts export price amounted to $X per ton, declining by -19.6% against the previous year. In general, the export price saw a pronounced setback. The growth pace was the most rapid in 2017 an increase of 16%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Algeria ($X per ton), while the average price for exports to Tunisia ($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 Angola (+2.8%), while the prices for the other major destinations experienced a decline.

Boiler Parts Imports

Imports into Portugal

In 2021, approx. X tons of parts of boilers for central heating were imported into Portugal; picking up by 20% compared with the year before. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest boiler parts supplier to Portugal, accounting for a 46% share of total imports. Moreover, boiler parts imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.9% per year) and Germany (+21.3% per year).

In value terms, Spain ($X) constituted the largest supplier of parts of boilers for central heating to Portugal, comprising 52% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.3% per year) and Italy (+1.1% per year).

Import Prices by Country

In 2021, the average boiler parts import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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