South-Eastern Asia: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2025

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in South-Eastern Asia

The Southeast Asian market for central heating boilers, for producing hot water or low pressure steam rose slightly to $X in 2022, picking up by 2.9% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in South-Eastern Asia

In value terms, production of central heating boilers, for producing hot water or low pressure steam rose slightly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in South-Eastern Asia

In 2022, the amount of central heating boilers, for producing hot water or low pressure steam exported in South-Eastern Asia skyrocketed to X units, increasing by 26% against 2021. Over the period under review, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 122% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam totaled $X in 2022. In general, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 188%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia represented the largest exporting country with an export of about X units, which resulted at 80% of total exports. Malaysia (X units) ranks second in terms of the total exports with a 10% share, followed by Vietnam (5.1%). Singapore (X units) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the central heating boilers, for producing hot water or low pressure steam exports, with a CAGR of -7.4% from 2012 to 2022. Vietnam (-9.5%), Singapore (-17.7%) and Malaysia (-26.8%) illustrated a downward trend over the same period. Indonesia (+45 p.p.) and Vietnam (+2.3 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by -1.9% and -36.9% from 2012 to 2022, respectively.

In value terms, Indonesia ($X) remains the largest central heating boilers, for producing hot water or low pressure steam supplier in South-Eastern Asia, comprising 68% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total exports. It was followed by Vietnam, with an 8.8% share.

In Indonesia, exports of central heating boilers, for producing hot water or low pressure steam decreased by an average annual rate of -6.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (-24.3% per year) and Vietnam (-6.0% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, with a decrease of -12.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the other leaders experienced more modest paces of growth.

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

Imports in South-Eastern Asia

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were imported in South-Eastern Asia; with an increase of 10% on the year before. Overall, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 139%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam contracted to $X in 2022. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 144% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Indonesia dominates steam structure, recording X units, which was near 73% of total imports in 2022. Malaysia (X units) ranks second in terms of the total imports with a 7.7% share, followed by Thailand (6.9%) and Vietnam (5%). The Philippines (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to central heating boilers, for producing hot water or low pressure steam imports into Indonesia stood at -3.0%. Vietnam experienced a relatively flat trend pattern. the Philippines (-2.7%), Malaysia (-8.3%), Thailand (-15.6%) and Singapore (-16.2%) illustrated a downward trend over the same period. While the share of Indonesia (+17 p.p.) and Vietnam (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-2.7 p.p.), Singapore (-3.5 p.p.) and Thailand (-14.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in South-Eastern Asia, comprising 67% of total imports. The second position in the ranking was taken by Thailand ($X), with a 9% share of total imports. It was followed by Vietnam, with a 7.5% share.

In Indonesia, imports of central heating boilers, for producing hot water or low pressure steam contracted by an average annual rate of -2.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-15.7% per year) and Vietnam (+0.1% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, declining by -15.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 19%. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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