Turkey: 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 Turkey

In 2022, the Turkish market for central heating boilers, for producing hot water or low pressure steam decreased by -4.8% to $X, falling for the fourth consecutive year after five years of growth. Over the period under review, consumption, however, enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam contracted to $X in 2022 estimated in export price. In general, production, however, showed a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by 100%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports from Turkey

In 2022, the amount of central heating boilers, for producing hot water or low pressure steam exported from Turkey fell slightly to X units, standing approx. at 2021 figures. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam declined to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, the exports of hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Germany (X units), the UK (X units) and Italy (X units) were the main destinations of exports of central heating boilers, for producing hot water or low pressure steam from Turkey, with a combined 32% share of total exports. Russia, Romania, France, Poland, Spain, Uzbekistan, Georgia, Ukraine, Belgium and Austria lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Italy ($X) constituted the largest markets for central heating boilers, for producing hot water or low pressure steam exported from Turkey worldwide, with a combined 45% share of total exports. Russia, Poland, Romania, Spain, Belgium, France, Uzbekistan, Georgia, Ukraine and Austria lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +34.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2022, reducing by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2013 an increase of 9%. The export price peaked at $X per unit in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Romania (+8.6%), 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 Turkey

In 2022, imports of central heating boilers, for producing hot water or low pressure steam into Turkey expanded slightly to X units, surging by 2.7% on 2021 figures. Over the period under review, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam dropped slightly to $X in 2022. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Slovakia (X units) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Turkey, accounting for a 59% share of total imports. Moreover, imports of central heating boilers, for producing hot water or low pressure steam from Slovakia exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia amounted to +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.1% per year) and the Netherlands (-4.7% per year).

In value terms, Slovakia ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Turkey, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from Slovakia totaled +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.7% per year) and the Netherlands (-8.7% per year).

Import Prices by Country

In 2022, the average import price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, waning by -3.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 11% 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 Italy ($X per unit), while the price for Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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