Turkey: Boiler Parts Market 2025

Boiler Parts Market Size in Turkey

The Turkish boiler parts market shrank remarkably to $X in 2021, declining by -29% against the previous year. In general, consumption recorded a slight shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Boiler Parts Production in Turkey

In value terms, boiler parts production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +6.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 131% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Boiler Parts Exports

Exports from Turkey

In 2021, overseas shipments of parts of boilers for central heating increased by 50% to X tons, rising for the sixth year in a row after three years of decline. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 75%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, boiler parts exports surged to $X in 2021. Over the period under review, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkmenistan (X tons), Germany (X tons) and Austria (X tons) were the main destinations of boiler parts exports from Turkey, with a combined 53% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +195.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for boiler parts exported from Turkey were Germany ($X), Slovakia ($X) and Austria ($X), together accounting for 45% of total exports.

Austria, with a CAGR of +206.4%, recorded 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

The average boiler parts export price stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boiler parts export price decreased by -27.3% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by 31%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the 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 Iran ($X per ton), while the average price for exports to Turkmenistan ($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 Iran (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into Turkey

In 2021, overseas purchases of parts of boilers for central heating increased by 93% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a perceptible descent. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, boiler parts imports soared to $X in 2021. In general, imports, however, recorded a pronounced slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Iran (X tons) were the main suppliers of boiler parts imports to Turkey, with a combined 51% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Iran (with a CAGR of +106.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest boiler parts suppliers to Turkey were Italy ($X), Slovakia ($X) and Romania ($X), with a combined 50% share of total imports. The Netherlands, Germany, Poland, China, France, the UK and Iran lagged somewhat behind, together accounting for a further 48%.

Iran, with a CAGR of +109.3%, saw the highest rates of growth with regard to 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 boiler parts import price stood at $X per ton in 2021, declining by -11.2% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 84%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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