MENA: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in MENA

The MENA's market for central heating boilers, for producing hot water or low pressure steam rose remarkably to $X in 2023, growing by X% against the previous year. Overall, consumption posted a strong expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

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

Exports in MENA

In 2023, the amount of central heating boilers, for producing hot water or low pressure steam exported in MENA fell to X units, which is down by X% compared with 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam expanded sharply to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

Turkey dominates steam structure, reaching X units, which was near X% of total exports in 2023. Iran (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to central heating boilers, for producing hot water or low pressure steam exports from Turkey stood at X%. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Iran increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest central heating boilers, for producing hot water or low pressure steam supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports.

In Turkey, exports of central heating boilers, for producing hot water or low pressure steam expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Iran stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

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

Imports in MENA

In 2023, purchases abroad of central heating boilers, for producing hot water or low pressure steam was finally on the rise to reach X units after six years of decline. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam rose significantly to $X in 2023. Overall, imports, however, continue to indicate a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Turkey represented the major importing country with an import of around X units, which recorded X% of total imports. Algeria (X units) held the second position in the ranking, distantly followed by Tunisia (X units), Iraq (X units) and Lebanon (X units). All these countries together held approx. X% share of total imports. The United Arab Emirates (X units), Morocco (X units) and Jordan (X units) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2023. At the same time, Morocco (X%) and Iraq (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Algeria and Tunisia experienced a relatively flat trend pattern. By contrast, Jordan (X%), the United Arab Emirates (X%) and Lebanon (X%) illustrated a downward trend over the same period. While the share of Algeria (X p.p.), Iraq (X p.p.), Morocco (X p.p.) and Tunisia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Lebanon (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in MENA, comprising X% of total imports. The second position in the ranking was held by Algeria ($X), with a X% share of total imports. It was followed by Tunisia, with a X% share.

In Turkey, imports of central heating boilers, for producing hot water or low pressure steam contracted by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Algeria (X% per year) and Tunisia (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2023, picking up by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform