Turkey: Boiler Parts Market 2022

Boiler Parts Market Size in Turkey

The Turkish boiler parts market fell rapidly to $X in 2021, with a decrease of -X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Boiler Parts Production in Turkey

In value terms, boiler parts production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2021: its value 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, production increased by +X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Boiler Parts Exports

Exports from Turkey

In 2021, overseas shipments of parts of boilers for central heating increased by X% to X tons, rising for the sixth consecutive year after three years of decline. Overall, exports saw a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, boiler parts exports shrank modestly to $X in 2021. In general, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Turkmenistan (X tons), Germany (X tons) and Austria (X tons) were the main destinations of boiler parts exports from Turkey, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Austria ($X) were the largest markets for boiler parts exported from Turkey worldwide, together comprising X% of total exports.

Austria, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination 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, falling by -X% against the previous year. Over the period under review, the export price showed a slight decline. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

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

Boiler Parts Imports

Imports into Turkey

In 2021, after four years of growth, there was significant decline in overseas purchases of parts of boilers for central heating, when their volume decreased by -X% to X tons. In general, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, boiler parts imports declined dramatically to $X in 2021. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2020, and then shrank significantly in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of boiler parts imports to Turkey, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Slovakia ($X) and Romania ($X) were the largest boiler parts suppliers to Turkey, with a combined X% share of total imports. The Netherlands, Germany, Poland, China, France and the UK lagged somewhat behind, together comprising a further X, 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

In 2021, the average boiler parts import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Market Intelligence Platform

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