Western Africa: 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 Western Africa

The West African market for central heating boilers, for producing hot water or low pressure steam amounted to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 14%. The level of production peaked 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 Western Africa

In 2022, shipments abroad of central heating boilers, for producing hot water or low pressure steam decreased by -8.8% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 4,242%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam declined to $X in 2022. In general, exports showed a slight decrease. The growth pace was the most rapid in 2016 with an increase of 3,128%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Cote d'Ivoire represented the key exporter of central heating boilers, for producing hot water or low pressure steam in Western Africa, with the volume of exports accounting for X units, which was near 81% of total exports in 2022. It was distantly followed by Nigeria (X units), making up a 19% share of total exports.

Cote d'Ivoire 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 +63.2% from 2012 to 2022. At the same time, Nigeria (+26.7%) displayed positive paces of growth. Cote d'Ivoire (+80 p.p.) and Nigeria (+16 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest central heating boilers, for producing hot water or low pressure steam supplier in Western Africa, comprising 87% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to +61.0%.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 43% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-1.4%).

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

Imports in Western Africa

In 2022, the amount of central heating boilers, for producing hot water or low pressure steam imported in Western Africa skyrocketed to X units, growing by 31% on 2021 figures. Over the period under review, imports showed a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 760% against the previous year. As a result, imports reached 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 skyrocketed to $X in 2022. Overall, imports recorded a mild increase. The growth pace was the most rapid in 2016 when imports increased by 622% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Nigeria dominates steam structure, reaching X units, which was approx. 89% of total imports in 2022. The following importers - Cote d'Ivoire (X units), Senegal (X units) and Burkina Faso (X units) - each recorded a 6.1% share of total imports.

Imports into Nigeria increased at an average annual rate of +10.9% from 2012 to 2022. At the same time, Burkina Faso (+56.7%) and Senegal (+25.0%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +56.7% from 2012-2022. By contrast, Cote d'Ivoire (-5.3%) illustrated a downward trend over the same period. Nigeria (+21 p.p.), Senegal (+1.7 p.p.) and Burkina Faso (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by -6.4% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in Western Africa, comprising 82% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 3.3% share of total imports. It was followed by Senegal, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to +2.2%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+1.5% per year) and Senegal (+30.1% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, falling by -11.2% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when the import price increased by 106% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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