Boiler Parts Market in Asia
Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
In 
, after three years of growth, there was significant decline in the Asian boiler parts market, when its value decreased by -% to $. The total consumption indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2017 indices. The level of consumption peaked at $ in , and then declined in the following year.
In value terms, boiler parts production declined to $ in estimated in export price. The total production indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2017 indices. The growth pace was the most rapid in 2014 when the production volume increased by %. The level of production peaked at $ in , and then shrank modestly in the following year.
The country with the largest volume of boiler parts production was China ( tons), comprising approx. % of total volume. Moreover, boiler parts production in China exceeded the figures recorded by the second-largest producer, India ( tons), threefold. Indonesia ( tons) ranked third in terms of total production with an % share.
In China, boiler parts production expanded at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: India (+% per year) and Indonesia (+% per year).
, after three years of growth, there was significant decline in the Asian boiler parts market, when its value decreased by -% to $. The total consumption indicated noticeable growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2017 indices. The level of consumption peaked at $ in , and then declined in the following year.In value terms, boiler parts production declined to $
in estimated in export price. The total production indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2017 indices. The growth pace was the most rapid in 2014 when the production volume increased by %. The level of production peaked at $ in , and then shrank modestly in the following year.The country with the largest volume of boiler parts production was China (
tons), comprising approx. % of total volume. Moreover, boiler parts production in China exceeded the figures recorded by the second-largest producer, India ( tons), threefold. Indonesia ( tons) ranked third in terms of total production with an % share.In China, boiler parts production expanded at an average annual rate of +
% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: India (+% per year) and Indonesia (+% per year).Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
Boiler parts consumption reached tons in , growing by % compared with figures. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of consumption peaked at tons in ; however, from to , consumption failed to regain momentum.
The revenue of the boiler parts market in Asia totaled $ in , growing 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). The total consumption indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption failed to regain momentum.
tons in , growing by % compared with figures. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of consumption peaked at tons in ; however, from to , consumption failed to regain momentum.The revenue of the boiler parts market in Asia totaled $
in , growing 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). The total consumption indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption failed to regain momentum.Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
China ( tons) constituted the country with the largest volume of boiler parts consumption, accounting for % of total volume. Moreover, boiler parts consumption in China exceeded the figures recorded by the second-largest consumer, India ( tons), twofold. Indonesia ( tons) ranked third in terms of total consumption with an % share.
In China, boiler parts consumption expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+% per year) and Indonesia (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was taken by India ($). It was followed by Thailand.
From 2007 to, the average annual growth rate of value in China stood at +%. The remaining consuming countries recorded the following average annual rates of market growth: India (+% per year) and Thailand (+% per year).
In No countries boiler parts per capita consumption remained relatively stable over the period from 2007-.
tons) constituted the country with the largest volume of boiler parts consumption, accounting for % of total volume. Moreover, boiler parts consumption in China exceeded the figures recorded by the second-largest consumer, India ( tons), twofold. Indonesia ( tons) ranked third in terms of total consumption with an % share.In China, boiler parts consumption expanded at an average annual rate of +
% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+% per year) and Indonesia (+% per year).In value terms, China ($
) led the market, alone. The second position in the ranking was taken by India ($). It was followed by Thailand.From 2007 to
, the average annual growth rate of value in China stood at +%. The remaining consuming countries recorded the following average annual rates of market growth: India (+% per year) and Thailand (+% per year).In No countries boiler parts per capita consumption remained relatively stable over the period from 2007-
.Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for boiler parts in Asia, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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