Middle East: Boiler Parts Market 2024

Boiler Parts Market Size in the Middle East

The Middle Eastern boiler parts market fell rapidly to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Boiler Parts Production in the Middle East

In value terms, boiler parts production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Boiler Parts Exports

Exports in the Middle East

In 2022, approx. X tons of parts of boilers for central heating were exported in the Middle East; picking up by X% against the previous year's figure. In general, exports continue to indicate a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, boiler parts exports skyrocketed to $X in 2022. Overall, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Iran (X tons), creating an X% share of total exports.

Turkey was also the fastest-growing in terms of the parts of boilers for central heating exports, with a CAGR of X% from 2012 to 2022. At the same time, Iran (X%) displayed positive paces of growth. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest boiler parts supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

In Turkey, boiler parts exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Boiler Parts Imports

Imports in the Middle East

In 2022, supplies from abroad of parts of boilers for central heating increased by X% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, recorded a abrupt decrease. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, boiler parts imports surged to $X in 2022. In general, imports, however, saw a abrupt decrease. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey was the main importing country with an import of about X tons, which accounted for X% of total imports. Iran (X tons) held the second position in the ranking, distantly followed by Lebanon (X tons). All these countries together took approx. X% share of total imports. The following importers - Jordan (X tons) and Syrian Arab Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to boiler parts imports into Turkey stood at X%. At the same time, Lebanon (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) and Jordan (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Lebanon (X p.p.) and Syrian Arab Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Jordan (X p.p.) and Iran (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) constitutes the largest market for imported parts of boilers for central heating in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Jordan, with a X% share.

In Turkey, boiler parts imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and Jordan (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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