Thailand: 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 Thailand

The Thai market for central heating boilers, for producing hot water or low pressure steam reached $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

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

Exports from Thailand

In 2022, overseas shipments of central heating boilers, for producing hot water or low pressure steam decreased by 0% to X units, falling for the second year in a row after three years of growth. Overall, exports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2018 with an increase of 1,090% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam stood at $X in 2022. In general, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2018 when exports increased by 1,238% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Thailand, accounting for a 83% share of total exports. Moreover, exports of central heating boilers, for producing hot water or low pressure steam to New Zealand exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to New Zealand amounted to +11.8%.

It was followed by Myanmar, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-93.6% per year) and Myanmar (-52.3% 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, approximately mirroring the previous year. Over the period under review, the export price saw a precipitous decline. The pace of growth was the most pronounced in 2016 when the average export price increased by 131%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to New Zealand ($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 India (+36.5%), 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 Thailand

Imports of central heating boilers, for producing hot water or low pressure steam into Thailand shrank remarkably to X units in 2022, falling by -37.2% compared with the previous year. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 1,345%. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam dropped markedly to $X in 2022. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 1,239% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India (X units), Germany (X units) and China (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to Thailand, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +96.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X), Germany ($X) and China ($X) appeared to be the largest central heating boilers, for producing hot water or low pressure steam suppliers to Thailand, together accounting for 84% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +190.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

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, which is down by -36.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 53% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :