ASEAN: Boiler Parts Market 2024

Boiler Parts Market Size in ASEAN

The ASEAN boiler parts market expanded notably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Boiler Parts Production in ASEAN

In value terms, boiler parts production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a tangible increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Boiler Parts Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in shipments abroad of parts of boilers for central heating, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, boiler parts exports dropped sharply to $X in 2022. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X tons), creating an X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the parts of boilers for central heating exports, with a CAGR of X% from 2012 to 2022. Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) remains the largest boiler parts supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with an X% share of total exports.

In Indonesia, boiler parts exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, rising by X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price 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, boiler parts export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Boiler Parts Imports

Imports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas purchases of parts of boilers for central heating, when their volume decreased by X% to X tons. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, boiler parts imports reduced notably to $X in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Thailand was the largest importing country with an import of around X tons, which accounted for X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by Cambodia (X%), the Philippines (X%) and Indonesia (X%). Singapore (X tons) followed a long way behind the leaders.

Imports into Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%), Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), Cambodia (X p.p.), Thailand (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest boiler parts importing markets in ASEAN were Thailand ($X), Malaysia ($X) and the Philippines ($X), with a combined X% share of total imports.

Among the main importing countries, the Philippines, 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

In 2022, the import price in ASEAN amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price 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, boiler parts import price decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :