Central heating boiler parts market in Slovakia

Earlier Report Observations

The market for central heating boiler parts in Slovakia expanded from $157.3 million in 2018 to $395.5 million in 2022. This sustained growth was primarily driven by regulatory actions that forced the replacement and modernization of old heating systems. A ban on using boilers of emission classes 1, 2, and 3, which had been in effect since 2014, created continuous demand for compliant parts and upgrades. The introduction of mandatory regular boiler inspections under national law further supported after-sales service and maintenance needs. From 2020 onward, state subsidy programs for renewable energy and heating system modernization provided additional financial impetus for investments in newer, more efficient boiler components, while the preparation of new rules for allocating heating costs spurred market activity.

The market's upward trajectory reversed after its 2022 peak, contracting to $334.3 million in 2023 and $249.1 million in 2024. This decline coincided with the implementation of complex new regulations for allocating heating costs in multi-apartment buildings, which took effect in January 2023 and altered the economic calculations for property owners, likely delaying investments in boiler repairs and parts. Simultaneously, a significant market shift toward heat pumps accelerated, supported by growing consumer interest, technological advancements, and upcoming EU legislation that will ban new gas boiler installations in buildings from 2028. This transition reduced the relative demand for traditional boiler parts, a trend reflected in the product strategies of major manufacturers like Vaillant, which introduced new energy-efficient systems and digital services.

Production central heating boiler parts in Slovakia

In value, 2017-2020, M $ US

Slovakia's production of central heating boiler parts has grown for the third consecutive year. In 2020, output reached 569.6 million US dollars, marking a strong year-over-year increase of 11.0%. From 2017 to 2020, production rose by 45.7%, with an average annual growth rate of 13.4%.

Annual dynamics of production in Slovakia in value, 2017-2020, M $ US

Exports central heating boiler parts from Slovakia

Exports in kind, t

Slovakia's exports of central heating boiler parts by volume have fallen for the second year in a row. In 2020, exports totaled 28 367 tonnes, down 30.5% compared to the previous year. Between 2017 and 2020, exports decreased by 34.5%, representing an annualized decline of 13.1%. The highest volume was recorded in 2018 at 61 622 tonnes, while the largest drop occurred in 2019 with a 33.7% decrease. In contrast, exports saw their biggest increase in 2018, rising by 42.3%.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, t

From 2017 to 2020, France, Germany, and the United Kingdom were the top buyers of central heating boiler parts from Slovakia by volume. France accounted for 47.3% of exports, Germany for 23.9%, and the United Kingdom for 16.3%. Together, these three countries made up 87.5% of Slovakia's total exports in this category.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Slovakia in kind, 2017-2020

Exports in value, M $ US

In 2020, Slovakia's exports of central heating boiler parts by value amounted to 442.0 million US dollars, up 3.7% year-over-year. Over the period from 2017 to 2020, exports increased by 23.5%, with an average annual growth rate of 7.3%. The largest decline was in 2019 at 0.5%, while the biggest increase occurred in 2018 with a 19.7% rise.

Annual dynamics of product's exports from Slovakia in value, 2017-2020, M $ US

From 2017 to 2020, Germany, the United Kingdom, and France were the main destinations for Slovakia's central heating boiler parts exports by value. Germany represented 42.1% of exports, the United Kingdom 24.1%, and France 17.9%. Combined, these three countries accounted for 84.0% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Slovakia in value, 2017-2020

Imports central heating boiler parts to Slovakia

Imports in kind, t

After two years of growth, Slovakia's imports of central heating boiler parts by volume declined. In 2020, imports totaled 7 751 tonnes, showing a slight decrease of 1.1% compared to the previous year. From 2017 to 2020, imports increased by 8.3%, with an average annual growth rate of 2.7%. The peak volume was recorded in 2019 at 7 751 tonnes, which also saw the largest increase of 6.2%.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, t

Between 2017 and 2020, Germany, Italy, and China were the leading sources for Slovakia's imports of central heating boiler parts by volume. Germany supplied 29.0% of imports, Italy 16.0%, and China 14.7%. Together, these three countries represented 59.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Slovakia in kind, 2017-2020

Imports in value, M $ US

Slovakia's imports of central heating boiler parts by value have decreased for the second consecutive year. In 2020, imports stood at 81.1 million US dollars, reflecting a modest year-over-year decline of 1.1%. From 2017 to 2020, imports grew by 13.3%, with an average annual increase of 4.3%. The highest value was in 2018 at 82.3 million US dollars, which also experienced the largest rise of 15.0%.

Annual dynamics of product's imports to Slovakia in value, 2017-2020, M $ US

From 2017 to 2020, Germany, Italy, and China were the primary sources for Slovakia's imports of central heating boiler parts by value. Germany accounted for 40.1% of imports, Italy for 17.0%, and China for 8.3%. Collectively, these three countries made up 65.4% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Slovakia in value, 2017-2020