Eastern Europe: Boiler Parts Market 2024

Boiler Parts Market Size in Eastern Europe

In 2022, the East European boiler parts market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Boiler Parts Production in Eastern Europe

In value terms, boiler parts production surged to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2016 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Boiler Parts Exports

Exports in Eastern Europe

Boiler parts exports declined to X tons in 2022, with a decrease of X% on 2021. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, boiler parts exports fell to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Slovakia was the main exporting country with an export of around X tons, which resulted at X% of total exports. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%) and Hungary (X%). The following exporters - Ukraine (X tons), Belarus (X tons) and Romania (X tons) - together made up X% of total exports.

Exports from Slovakia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%), Poland (X%) and Ukraine (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Hungary experienced a relatively flat trend pattern. By contrast, Romania (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total exports, while Romania, Hungary and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest boiler parts supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

In Slovakia, boiler parts exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced more modest paces of growth.

Boiler Parts Imports

Imports in Eastern Europe

In 2022, supplies from abroad of parts of boilers for central heating decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced slightly in the following year.

In value terms, boiler parts imports rose remarkably to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons) and Slovakia (X tons) represented the main importers of parts of boilers for central heating in 2022, reaching approx. X% and X% of total imports, respectively. Bulgaria (X tons) ranks next in terms of the total imports with a X% share, followed by Romania (X%), Hungary (X%) and the Czech Republic (X%). Russia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boiler parts importing markets in Eastern Europe were Poland ($X), Slovakia ($X) and Romania ($X), with a combined X% share of total imports. The Czech Republic, Hungary, Bulgaria and Russia lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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