GCC: 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 GCC

The GCC market for central heating boilers, for producing hot water or low pressure steam amounted to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a prominent expansion 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, consumption increased by X% against 2017 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded to $X in 2022 estimated in export price. The total production indicated a buoyant 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. 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 GCC

Exports of central heating boilers, for producing hot water or low pressure steam surged to X units in 2022, growing by X% on the previous year. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, 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 surged to $X in 2022. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in steam structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Oman (X units), committing a X% share of total exports. Saudi Arabia (X units) held a minor share of total exports.

The United Arab Emirates 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 X% from 2012 to 2022. Saudi Arabia (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank 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 the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in GCC

Imports of central heating boilers, for producing hot water or low pressure steam shrank remarkably to X units in 2022, falling by X% against the previous year's figure. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam fell dramatically to $X in 2022. In general, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kuwait (X units) and the United Arab Emirates (X units) dominates steam structure, together making up X% of total imports. It was distantly followed by Oman (X units), mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest central heating boilers, for producing hot water or low pressure steam importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), together comprising X% of total imports.

Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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