Iran: Boiler Parts Market 2022

Boiler Parts Market Size in Iran

The Iranian boiler parts market fell modestly to $X in 2021, which is down by -X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Boiler parts consumption peaked at $X in 2020, and then shrank modestly in the following year.

Boiler Parts Production in Iran

In value terms, boiler parts production contracted to $X in 2021 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2021: its value 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, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020, and then reduced slightly in the following year.

Boiler Parts Exports

Exports from Iran

In 2021, boiler parts exports from Iran fell to X tons, which is down by -X% against the previous year's figure. In general, exports, however, continue to indicate a notable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, boiler parts exports contracted to $X in 2021. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for boiler parts exports from Iran, accounting for a X% share of total exports. Moreover, boiler parts exports to Spain exceeded the volume sent to the second major destination, Turkey (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Greece (-X% per year).

In value terms, Spain ($X) remains the key foreign market for boiler parts exports from Iran, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+X% per year) and Greece (-X% per year).

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, flattening at the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, boiler parts export price increased by +X% against 2017 indices. The growth pace was the most rapid in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2020, and then shrank in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Greece ($X per ton), while the average price for exports to Turkey ($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 Greece (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into Iran

In 2021, after seven years of decline, there was significant growth in purchases abroad of parts of boilers for central heating, when their volume increased by X% to X tons. Over the period under review, imports, however, showed a abrupt setback. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, boiler parts imports soared to $X in 2021. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of boiler parts to Iran, with a X% share of total imports. Moreover, boiler parts imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Turkey (+X% per year).

In value terms, China ($X), Italy ($X) and Turkey ($X) were the largest boiler parts suppliers to Iran, with a combined X% share of total imports.

Turkey, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price recorded a noticeable decline. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Market Intelligence Platform

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