China: Boiler Parts Market 2022

Boiler Parts Market Size in China

After three years of growth, the Chinese boiler parts market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Boiler Parts Production in China

In value terms, boiler parts production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Boiler Parts Exports

Exports from China

In 2021, the amount of parts of boilers for central heating exported from China rose rapidly to X tons, surging by X% compared with the previous year's figure. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, boiler parts exports soared to $X in 2021. Overall, exports posted resilient growth. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), the UK (X tons) and South Korea (X tons) were the main destinations of boiler parts exports from China, together accounting for X% of total exports. These countries were followed by Germany, the Netherlands, Italy, Austria, Turkey, Slovakia, Russia and Kazakhstan, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for boiler parts exported from China were South Korea ($X), Germany ($X) and the UK ($X), with a combined X% share of total exports.

Among the main countries of destination, South Korea, with a CAGR of +X%, recorded the highest rates of growth with regard to 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

In 2021, the average boiler parts export price amounted to $X per ton, increasing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Austria ($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 South Korea (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into China

In 2021, supplies from abroad of parts of boilers for central heating decreased by -X% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, boiler parts imports stood at $X in 2021. Over the period under review, imports recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of boiler parts imports to China, together accounting for X% of total imports. Germany, the Netherlands, France and Slovakia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), South Korea ($X) and the United States ($X) constituted the largest boiler parts suppliers to China, with a combined X% share of total imports. These countries were followed by France, Germany, the Netherlands and Slovakia, which together accounted for a further X Netherlands, with a CAGR of +X%, 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, growing by X% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boiler parts import price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Market Intelligence Platform

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