Central heating boilers market in Spain

Earlier Report Observations

The market for central heating boilers in Spain experienced a gradual contraction from 252.6 million US dollars in 2018 to 234.1 million US dollars in 2020. This trend reversed sharply in 2021, with market size jumping to 308.1 million US dollars, marking a significant peak. A slight correction followed in 2022, bringing the market value to 297.7 million US dollars.

Market volume fell to 248.9 million US dollars in 2023, pressured by high inflation, economic uncertainty, and consumer confusion over the future of gas boilers, which slowed the replacement of inefficient units. The decline accelerated to 192.3 million US dollars in 2024 after the EU ban on financial incentives for new fossil fuel boilers took effect, directly constraining demand. This regulatory shift coincided with the launch of new efficient boiler technologies and growing interest in electric and biomethane-ready models, reflecting a broader transition in the heating sector.

Production central heating boilers in Spain

In value, 2017-2020, K $ US

Spain's production of central heating boilers has grown for the third consecutive year. In 2020, output reached 67 206 thousand US dollars, marking a 1.1% increase from the previous year. From 2017 to 2020, production rose by 14.3%, which translates to an average annual growth rate of 4.6%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

Exports central heating boilers from Spain

Exports in kind, t

In 2020, Spain's export volume of central heating boilers was 1 392 tonnes, a 14.6% decrease compared to 2019. Over the period from 2017 to 2020, exports fell by 17.3%, with an average annual decline of 6.1%. The highest growth was observed in 2019, with a 4.8% increase.

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

From 2017 to 2020, the top destinations for Spain's central heating boilers exports in volume terms were Portugal, accounting for 36.0% of exports, France at 19.1%, and Italy with 12.7%. Together, these three countries represented 67.8% of total export flows.

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

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

Exports in value, M $ US

Spain's exports of central heating boilers in value terms declined for the second year in a row. In 2020, exports totaled 13.0 million US dollars, a slight drop of 2.1% from 2019. Between 2017 and 2020, exports increased by 3.8%, averaging 1.2% growth per year. The peak value was recorded in 2018 at 13.3 million US dollars, with the largest increase that year of 6.3%.

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

During 2017–2020, Portugal, France, and Italy were the primary markets for Spain's central heating boilers exports in value terms, collectively absorbing 68.4% of total exports.

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

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

Imports central heating boilers to Spain

Imports in kind, t

After two years of growth, Spain's import volume of central heating boilers decreased. In 2020, imports amounted to 20 426 tonnes, down 7.5% from 2019. From 2017 to 2020, imports rose by 19.5%, with an average annual growth rate of 6.1%. The highest volume was in 2019 at 22 086 tonnes, and the largest increase occurred in 2018 at 17.5%.

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

From 2017 to 2020, France, Germany, and Italy were the leading suppliers of central heating boilers to Spain in volume terms. France contributed 31.5% of imports, Germany 25.6%, and Italy 15.2%, together making up 72.3% of total import volume.

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

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

Imports in value, M $ US

Spain's imports of central heating boilers in value terms fell for the second consecutive year. In 2020, imports totaled 179.8 million US dollars, a modest decline of 1.4% from 2019. Over the 2017–2020 period, imports grew by 10%, averaging 3.2% per year. The highest value was in 2018 at 200.6 million US dollars, with the largest increase that year of 22.7% and the largest decrease in 2019 at 9.1%.

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

Between 2017 and 2020, Germany, France, and Italy were the main sources for Spain's central heating boilers imports in value terms. Germany accounted for 25.8% of imports, France for 24.4%, and Italy for 22.2%, collectively representing 72.3% of total import value.

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

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