Ireland: 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 Ireland

In 2023, the Irish market for central heating boilers, for producing hot water or low pressure steam decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. In general, consumption, however, continues to indicate a strong expansion. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Ireland

In value terms, production of central heating boilers, for producing hot water or low pressure steam amounted to $X in 2023 estimated in export price. Overall, the total production indicated buoyant growth 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production of growth failed to regain momentum.

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

Exports from Ireland

In 2023, overseas shipments of central heating boilers, for producing hot water or low pressure steam increased by X% to X units, rising for the third consecutive year after two years of decline. In general, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam shrank to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for exports of central heating boilers, for producing hot water or low pressure steam from Ireland, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to the UK amounted to X%.

In value terms, the UK ($X) also remains the key foreign market for central heating boilers, for producing hot water or low pressure steam exports from Ireland.

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

Export Prices by Country

The average export price for central heating boilers, for producing hot water or low pressure steam stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2023, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2023, the rate of growth in terms of prices for the UK amounted to X% per year.

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

Imports into Ireland

In 2023, overseas purchases of central heating boilers, for producing hot water or low pressure steam decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, total imports indicated a mild increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam fell slightly to $X in 2023. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2023, the UK (X units) constituted the largest central heating boilers, for producing hot water or low pressure steam supplier to Ireland, with a X% share of total imports. Moreover, imports of central heating boilers, for producing hot water or low pressure steam from the UK exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was held by Turkey (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

In value terms, the UK ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Ireland, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2023, the average import price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, picking up by X% against the previous year. In general, the import price continues to indicate resilient growth. 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 2023, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform