Saudi Arabia: Boiler Parts Market 2025

Boiler Parts Market Size in Saudi Arabia

In 2021, the Saudi boiler parts market decreased by -0.6% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Boiler Parts Production in Saudi Arabia

In value terms, boiler parts production totaled $X in 2021 estimated in export price. In general, production recorded significant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 499% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Boiler Parts Exports

Exports from Saudi Arabia

In 2021, approx. X kg of parts of boilers for central heating were exported from Saudi Arabia; jumping by 57% against the year before. Over the period under review, exports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2018 when exports increased by 1,088%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, boiler parts exports surged to $X in 2021. In general, exports, however, recorded a dramatic decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 776%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sudan (X kg) was the main destination for boiler parts exports from Saudi Arabia, with a 70% share of total exports. Moreover, boiler parts exports to Sudan exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fourfold. Thailand (X kg) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan stood at -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-53.8% per year) and Thailand (0.0% per year).

In value terms, Bahrain ($X), the United Arab Emirates ($X) and Thailand ($X) were the largest markets for boiler parts exported from Saudi Arabia worldwide, with a combined 94% share of total exports.

In terms of the main countries of destination, Thailand, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, stabilizing at the previous year. Overall, the export price, however, saw tangible growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 158% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average 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 Bahrain ($X per ton), while the average price for exports to Sudan ($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 Bahrain (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into Saudi Arabia

In 2020, purchases abroad of parts of boilers for central heating decreased by -5.9% to X tons, falling for the second consecutive year after three years of decline. Over the period under review, imports showed a significant decline. The pace of growth was the most pronounced in 2015 with an increase of 563% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, boiler parts imports fell markedly to $X in 2020. Overall, imports showed a precipitous slump. The growth pace was the most rapid in 2015 when imports increased by 349%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest boiler parts supplier to Saudi Arabia, accounting for a 44% share of total imports. Moreover, boiler parts imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold.

From 2012 to 2020, the average annual growth rate of volume from China totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.2% per year) and the United States (+8.6% per year).

In value terms, the largest boiler parts suppliers to Saudi Arabia were Italy ($X), the United States ($X) and China ($X), together comprising 68% of total imports.

Italy, with a CAGR of +18.1%, recorded 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 more modest paces of growth.

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2020, reducing by -35.9% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (+19.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :