Slovakia: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

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

The Slovak market for central heating boilers, for producing hot water or low pressure steam reduced dramatically to $X in 2022, which is down by -29.6% against the previous year. Over the period under review, consumption, however, showed a perceptible expansion. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam dropped to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +98.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 26% against the previous year. Over the period under review, production of attained the maximum level at $X in 2021, and then reduced in the following year.

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

Exports from Slovakia

After two years of growth, shipments abroad of central heating boilers, for producing hot water or low pressure steam decreased by -4.1% to X units in 2022. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2021, and then reduced modestly in the following year.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam contracted modestly to $X in 2022. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 when exports increased by 23% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then shrank slightly in the following year.

Exports by Country

Germany (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Slovakia, accounting for a 27% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to Germany exceeded the volume sent to the second major destination, the Czech Republic (X units), threefold. The third position in this ranking was held by Poland (X units), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+6.4% per year) and Poland (+11.5% per year).

In value terms, Germany ($X) remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Slovakia, comprising 30% of total exports. The second position in the ranking was held by Poland ($X), with a 9.2% share of total exports. It was followed by the Czech Republic, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+15.4% per year) and the Czech Republic (+6.6% per year).

Export Prices by Country

In 2022, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, rising by 4.2% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +69.6% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Slovakia

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were imported into Slovakia; remaining stable against 2021 figures. In general, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 118%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam reached $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 25%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), France (X units) and Turkey (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to Slovakia, with a combined 78% share of total imports. The Czech Republic, Poland, Italy and Austria lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +46.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Turkey ($X) constituted the largest central heating boilers, for producing hot water or low pressure steam suppliers to Slovakia, together comprising 81% of total imports. The Czech Republic, Italy, Poland and Austria lagged somewhat behind, together comprising a further 6.9%.

Poland, with a CAGR of +43.4%, 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 more modest paces of growth.

Import Prices by Country

The average import price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, growing by 5.1% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for central heating boilers, for producing hot water or low pressure steam increased by +185.1% against 2014 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 86%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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