United Arab Emirates: Boiler Parts Market 2024

Boiler Parts Market Size in the United Arab Emirates

The boiler parts market in the United Arab Emirates rose slightly to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Boiler Parts Production in the United Arab Emirates

In value terms, boiler parts production rose markedly to $X in 2022 estimated in export price. In general, production enjoyed strong growth. The growth pace was the most rapid in 2014 when the production volume increased by X%. Boiler parts production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Boiler Parts Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of parts of boilers for central heating increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports posted a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, boiler parts exports soared to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Qatar (X tons) was the main destination for boiler parts exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, boiler parts exports to Qatar exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fourfold. Democratic Republic of the Congo (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, Qatar ($X), Saudi Arabia ($X) and Germany ($X) were the largest markets for boiler parts exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average boiler parts export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Boiler Parts Imports

Imports into the United Arab Emirates

In 2022, after three years of growth, there was significant decline in purchases abroad of parts of boilers for central heating, when their volume decreased by X% to X tons. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, boiler parts imports surged to $X in 2022. Overall, imports saw a abrupt contraction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of boiler parts imports to the United Arab Emirates, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest boiler parts suppliers to the United Arab Emirates were India ($X), Germany ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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