Central heating boilers market in Italy

Earlier Report Observations

In the initial years from 2018 to 2020, the Italian central heating boiler market contracted, with production value declining from 1 165 млн долл. США to 1 008 млн долл. США and total market size falling from 763 млн to 684 млн долл. США. This period was marked by regulatory efforts to modernize the aging boiler stock, including a confirmed 65% tax deduction for installing high-efficiency condensing boilers and standards phasing out less efficient models. The market also saw significant activity from domestic players, such as Italtherm, which reported strong revenue growth and launched new products.

A strong recovery began in 2021, with production jumping to 1 291 млн долл. США and market size reaching 965 млн долл. США. Growth accelerated in 2022, peaking at 1 527 млн долл. США in production and 1 272 млн долл. США in market size, directly supported by policies targeting building decarbonization, including the planned phase-out of incentives for fossil-fuel-only boilers, and the mandatory introduction of individual heat metering systems for centrally heated buildings. Subsequently, the market corrected, with production falling to 1 200 млн долл. США in 2023 and 1 113 млн долл. США in 2024, and market size dropping to 904 млн and 820 млн долл. США respectively.

Production central heating boilers in Italy

In value, 2017-2020, M $ US

Italy's central heating boiler production declined for the second consecutive year. In 2020, output was valued at 1 008 million US dollars, representing a controlled contraction of 4.7% compared to 2019. Production peaked in 2018 at 1 165 million US dollars, with a 6.6% increase that year. The largest decline occurred in 2019, falling by 9.3%. Overall, between 2017 and 2020, production decreased by 7.9%, equating to an annualized rate of 2.7%.

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

Exports central heating boilers from Italy

Exports in kind, t

Central heating boiler exports from Italy declined for the second consecutive year. In 2020, exports totaled 54 455 tonnes, marking a substantial year-over-year loss of 10.3%. Exports peaked in 2018 at 65 424 tonnes, with a 4.0% increase that year. Over the period from 2017 to 2020, exports decreased by 13.4%, corresponding to a compound annual growth rate of -4.7%.

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

The structure of Italy's central heating boiler exports in kind from 2017 to 2020 shows a diversified set of partners. Russia accounted for 14.6% of exports, Romania for 10.3%, and Spain for 9.2%. Together, these three countries represented only 34.1% of total flows, while the remaining 65.9% was distributed among numerous smaller markets.

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

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

Exports in value, M $ US

Central heating boiler exports from Italy declined for the second consecutive year. In 2020, exports amounted to 606.1 million US dollars, showing a decline of 6.5% relative to the prior year. Exports peaked in 2018 at 725.9 million US dollars, with a 13.9% increase that year. The largest decline occurred in 2019, falling by 10.7%. Overall, between 2017 and 2020, exports decreased by 4.9%, equating to an annualized rate of 1.7%.

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

The analysis of Italy's central heating boiler exports in value terms from 2017 to 2020 reveals a broad distribution across many markets. Romania accounted for 11.2% of exports, Spain for 11.1%, and Russia for 9.4%. Together, these three countries represented only 31.7% of total flows, with a significant 68.3% falling on other partners.

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

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

Imports central heating boilers to Italy

Imports in kind, t

In 2020, central heating boiler imports into Italy totaled 20 382 tonnes, which is 5.4% above the previous year. Imports reached their lowest point in 2019 at 19 329 tonnes, with a 17.9% decline that year. The maximum value was recorded in 2018 at 23 546 tonnes, with a 7.0% increase. Over the period from 2017 to 2020, imports decreased by 7.4%, corresponding to a compound annual growth rate of -2.5%.

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

Throughout 2017 to 2020, Poland, Germany, and Turkey were the main sources for Italy's central heating boiler imports in kind. Poland accounted for 25.4% of imports, Germany for 22.8%, and Turkey for 11.7%. Together, these three countries took 59.9% of total flows.

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

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

Imports in value, M $ US

In 2020, imported central heating boilers into Italy totaled 282.4 million US dollars, which is 2.4% more than the prior year. Imports reached their lowest point in 2019 at 275.7 million US dollars, with a 14.8% decline that year. The maximum value was recorded in 2018 at 323.7 million US dollars, with a 10.5% increase. Overall, between 2017 and 2020, imports decreased by 3.6%, equating to an annualized rate of 1.2%.

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

Throughout 2017 to 2020, Poland, Germany, and Turkey formed the core of Italy's central heating boiler imports in value terms. Poland accounted for 27.9% of imports, Germany for 24.3%, and Turkey for 10.5%. Together, these three countries took 62.7% of total flows.

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

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