Eastern Asia: 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 Eastern Asia

The East Asian market for central heating boilers, for producing hot water or low pressure steam reached $X in 2023, flattening at the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

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

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production of growth remained at a somewhat lower figure.

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

Exports in Eastern Asia

In 2023, exports of central heating boilers, for producing hot water or low pressure steam in Eastern Asia skyrocketed to X units, increasing by X% against 2022 figures. Over the period under review, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam soared to $X in 2023. In general, exports posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2023 and are likely to see steady growth in years to come.

Exports by Country

China was the major exporter of central heating boilers, for producing hot water or low pressure steam in Eastern Asia, with the volume of exports amounting to X units, which was approx. X% of total exports in 2023. It was distantly followed by South Korea (X units), mixing up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%).

In value terms, South Korea ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2023.

In terms of the main exporting countries, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%).

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

Imports in Eastern Asia

In 2023, approx. X units of central heating boilers, for producing hot water or low pressure steam were imported in Eastern Asia; with a decrease of X% on the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam fell dramatically to $X in 2023. Total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

China dominates steam structure, finishing at X units, which was approx. X% of total imports in 2023. It was distantly followed by South Korea (X units), achieving a X% share of total imports. The following importers - Japan (X units) and Democratic People's Republic of Korea (X units) - each resulted at a X% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of central heating boilers, for producing hot water or low pressure steam. At the same time, Democratic People's Republic of Korea (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. Japan experienced a relatively flat trend pattern. China (X p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, imports of central heating boilers, for producing hot water or low pressure steam increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform