Boiler Parts Market Overview in South-Eastern Asia
In value terms, boiler parts production stood at $ in 2018 estimated in export prices. The total output indicated temperate growth from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, boiler parts production decreased by -% against 2014 indices. The growth pace was the most rapid in 2012 with an increase of % year-to-year. Over the period under review, boiler parts production attained its maximum level at $ in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.
Indonesia ( tonnes) remains the largest boiler parts producing country in South-Eastern Asia, accounting for % of total volume. Moreover, boiler parts production in Indonesia exceeded the figures recorded by the second-largest producer, Viet Nam ( tonnes), threefold. The third position in this ranking was occupied by Thailand ( tonnes), with a % share.
From 2007 to 2018, the average annual growth rate of volume in Indonesia stood at +%. The remaining producing countries recorded the following average annual rates of production growth: Viet Nam (-% per year) and Thailand (-% per year).
The revenue of the boiler parts market in South-Eastern Asia amounted to $ in 2018, going up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, boiler parts consumption continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2012 when the market value increased by % against the previous year. Over the period under review, the boiler parts market attained its peak figure level in 2018 and is likely to continue its growth in the in years to come.
In Indonesia, boiler parts consumption increased at an average annual rate of +% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: Viet Nam (-% per year) and Thailand (-% per year).
In value terms, Indonesia ($) led the market, alone. The second position in the ranking was occupied by Viet Nam ($). It was followed by Thailand.
From 2007 to 2018, the average annual rate of growth in terms of value in Indonesia stood at +%. The remaining consuming countries recorded the following average annual rates of market growth: Viet Nam (+% per year) and Thailand (+% per year).
The countries with the highest levels of boiler parts per capita consumption in 2018 were Malaysia ( kg per persons), Singapore ( kg per persons) and Thailand ( kg per persons).
From 2007 to 2018, the most notable rate of growth in terms of boiler parts per capita consumption, amongst the main consuming countries, was attained by Indonesia, while boiler parts per capita consumption for the other leaders experienced a decline in the per capita consumption figures.