Russian Federation: Boiler Parts Market 2024

Boiler Parts Market Size in the Russian Federation

In 2021, the Russian boiler parts market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a perceptible setback. Boiler parts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Boiler Parts Production in the Russian Federation

In value terms, boiler parts production surged to $X in 2021 estimated in export price. In general, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 63%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Boiler Parts Exports

Exports from the Russian Federation

In 2021, approx. X tons of parts of boilers for central heating were exported from Russia; jumping by 53% on the previous year. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 when exports increased by 179%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, boiler parts exports surged to $X in 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 230%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Moldova (X tons) were the main destinations of boiler parts exports from Russia, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +104.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Moldova ($X) constituted the largest markets for boiler parts exported from Russia worldwide, together accounting for 90% of total exports.

Moldova, with a CAGR of +83.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, declining by -18.1% against the previous year. Over the period under review, the export price recorded a perceptible descent. The growth pace was the most rapid in 2019 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 Kazakhstan ($X per ton), while the average price for exports to Poland ($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 Moldova (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into the Russian Federation

In 2021, purchases abroad of parts of boilers for central heating was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, 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 amounted to $X in 2021. Overall, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2013 when imports increased by 26%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Belarus (X tons) constituted the largest supplier of boiler parts to Russia, with a 89% share of total imports. It was followed by Germany (X tons), with a 2.1% share of total imports. China (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus amounted to +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-24.6% per year) and China (-2.5% per year).

In value terms, Belarus ($X) constituted the largest supplier of parts of boilers for central heating to Russia, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 6.4% share of total imports. It was followed by Germany, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Belarus amounted to +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-23.5% per year) and Germany (-28.0% per year).

Import Prices by Country

In 2021, the average boiler parts import price amounted to $X per ton, waning by -45.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2013 when the average import price increased by 24% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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