Spain: Vapour Generating Boiler Market 2024

Vapour Generating Boiler Market Size in Spain

In 2021, the Spanish vapour generating boiler market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a pronounced increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Vapour Generating Boiler Production in Spain

In value terms, vapour generating boiler production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 39% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Vapour Generating Boiler Exports

Exports from Spain

In 2021, shipments abroad of vapour generating boilers decreased by -35.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, vapour generating boiler exports shrank rapidly to $X in 2021. Over the period under review, exports showed a pronounced reduction. The pace of growth was the most pronounced in 2013 when exports increased by 115% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Portugal (X tons) and France (X tons) were the main destinations of vapour generating boiler exports from Spain, together accounting for 61% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +244.2%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Portugal ($X) and France ($X) constituted the largest markets for vapour generating boiler exported from Spain worldwide, together accounting for 54% of total exports.

Poland, with a CAGR of +223.0%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average vapour generating boiler export price amounted to $X per ton, increasing by 29% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 55%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Bolivia ($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 Morocco (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.

Vapour Generating Boiler Imports

Imports into Spain

In 2021, approx. X tons of vapour generating boilers were imported into Spain; dropping by -40.2% against the year before. Over the period under review, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 130% against the previous year. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, vapour generating boiler imports contracted remarkably to $X in 2021. Overall, imports showed a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of 154% against the previous year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of vapour generating boiler imports to Spain, with a combined 81% share of total imports. These countries were followed by Turkey, Portugal, Austria and France, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +47.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Slovakia ($X) were the largest vapour generating boiler suppliers to Spain, together accounting for 78% of total imports. Austria, France, Turkey and Portugal lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Austria, with a CAGR of +58.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average vapour generating boiler import price amounted to $X per ton, falling by -4.8% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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