Central heating boilers market in Portugal

Earlier Report Observations

From 2018 to 2024, the market size for central heating boilers in Portugal experienced notable fluctuations. After an initial decline in 2019 to 26.2 million US dollars, demand recovered steadily, peaking at 38.4 million US dollars in 2023 before contracting again to 33.3 million US dollars in 2024.

The recovery and growth phase from 2020 to 2022 was underpinned by several key developments. In 2020, the COVID-19 pandemic increased the need for efficient home heating solutions as people spent more time indoors. The following year, the entry of new players broadened product availability, while updated energy efficiency incentives encouraged the replacement of older boilers. By 2022, the ongoing shift toward more efficient condensing models and compliance with the EU's ErP directive on emissions further supported market expansion.

Throughout the period, technological advancements and changing consumer preferences shaped the market. The adoption of remote monitoring capabilities, extended warranty offerings, and the growing popularity of pellet and wood-fired boilers as renewable alternatives provided additional momentum, particularly in segments seeking sustainability and convenience.

Production central heating boilers in Portugal

In value, 2018-2021, K $ US

Portugal's central heating boiler production has grown for the second year in a row. In 2021, output reached 67 960 thousand US dollars, marking a significant increase of 32.9% compared to the previous year. Over the period from 2018 to 2021, production rose by 31.6%, with an average annual growth rate of 9.6%. The lowest production value was recorded in 2019 at 44 266 thousand US dollars, which also saw the largest decline of 14.3% during this timeframe.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

Exports central heating boilers from Portugal

Exports in kind, t

Portugal's central heating boiler exports have increased for the second consecutive year. In 2021, export volume stood at 4 375 tonnes, representing a 45.0% rise from the year before. From 2018 to 2021, exports grew by 46.6%, with an average annual growth rate of 13.6%. The lowest export volume was in 2019 at 2 819 tonnes, which also experienced the largest decline of 5.5% during this period.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

Between 2018 and 2021, the United Kingdom, Italy, and Spain were the main destinations for Portugal's central heating boiler exports by volume. The United Kingdom accounted for 55.3% of exports, Italy for 19.6%, and Spain for 8.3%, together making up 83.1% of total export volume.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

Portugal's central heating boiler exports in value terms have risen for the second year in a row. In 2021, exports totaled 56 342 thousand US dollars, showing a 50.7% increase year-over-year. Over the 2018-2021 period, export value grew by 56%, with an average annual growth rate of 16.0%. The lowest value was recorded in 2019 at 33 613 thousand US dollars, which also saw the largest decline of 6.9%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

From 2018 to 2021, the leading destinations for Portugal's central heating boiler exports by value were the United Kingdom, Italy, and the Netherlands. The United Kingdom represented 56.8% of export value, Italy 18.1%, and the Netherlands 8.3%, collectively accounting for 83.1% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports central heating boilers to Portugal

Imports in kind, t

After a two-year decline, Portugal's central heating boiler imports have rebounded. In 2021, imports reached 1 849 tonnes, a 44.4% increase compared to the previous year. However, over the 2018-2021 period, imports decreased by 7.2%, equivalent to an average annual decline of 2.5%. The lowest import volume was in 2020 at 1 280 tonnes, which also recorded the largest drop of 20.9%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

Between 2018 and 2021, Spain, Italy, and Turkey were the primary sources for Portugal's central heating boiler imports by volume, together accounting for 63.9% of total import volume.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

Following a two-year decline, Portugal's central heating boiler imports in value terms have increased. In 2021, imports totaled 21 093 thousand US dollars, up by 54.0% from 2020. Over the 2018-2021 period, import value rose by 16.5%, with an average annual growth rate of 5.2%. The lowest value was in 2020 at 13 693 thousand US dollars, while the largest decline occurred in 2019 at 14.0%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

From 2018 to 2021, Spain, Italy, and Turkey remained the top sources for Portugal's central heating boiler imports by value. Spain accounted for 41.1% of import value, Italy for 21.7%, and Turkey for 10.0%, together making up 72.8% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021