Middle East: 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 the Middle East

The Middle Eastern market for central heating boilers, for producing hot water or low pressure steam expanded markedly to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption saw a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in the Middle East

In value terms, production of central heating boilers, for producing hot water or low pressure steam expanded rapidly to $X in 2023 estimated in export price. In general, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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

Exports in the Middle East

In 2023, approx. X units of central heating boilers, for producing hot water or low pressure steam were exported in the Middle East; dropping by X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam stood at $X in 2023. Total exports indicated a remarkable increase 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, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Turkey prevails in steam structure, recording X units, which was near X% of total exports in 2023. Iran (X units) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to central heating boilers, for producing hot water or low pressure steam exports from Turkey stood at X%. At the same time, Iran (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Iran increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest central heating boilers, for producing hot water or low pressure steam supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey totaled X%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

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

Imports in the Middle East

Imports of central heating boilers, for producing hot water or low pressure steam shrank modestly to X units in 2023, which is down by X% against 2022 figures. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam rose remarkably to $X in 2023. Over the period under review, imports recorded a abrupt decrease. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Turkey dominates steam structure, amounting to X units, which was near X% of total imports in 2023. Iraq (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Lebanon (X%) and the United Arab Emirates (X%). The following importers - Jordan (X units) and Iran (X units) - each finished at an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to central heating boilers, for producing hot water or low pressure steam imports into Turkey stood at X%. At the same time, Iraq (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Jordan (X%), the United Arab Emirates (X%), Lebanon (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of Iraq (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported central heating boilers, for producing hot water or low pressure steam in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iraq ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform