Super-heated water boilers market in Spain

Earlier Report Observations

The Spanish market for super-heated water boilers, measured in value, showed considerable movement between 2018 and 2022. Starting at 20.3 million dollars in 2018, it grew sharply to 28.4 million in 2019, stabilized near 28.0 million in 2020, then contracted to 22.2 million in 2021. A strong rebound followed in 2022, pushing the market size to 33.6 million dollars.

This upward trend reversed in 2023 and 2024, with the market falling to 27.9 million and then 25.1 million dollars. High inflation and rising interest rates significantly reduced consumer purchasing power, depressing sales. Simultaneously, increased costs for the industry, linked to the war in Ukraine, pressured market value. From 2024, a key regulatory change took effect as the European Union's energy efficiency directive banned incentives for installing new gas or diesel boilers, redirecting demand toward hybrid systems and heat pumps.

Production super-heated water boilers in Spain

In value, 2017-2020, K $ US

Spain's production of super-heated water boilers declined after two years of growth. In 2020, output was valued at 27 774 thousand US dollars, marking a 3.5% decrease from 2019. Over the 2017-2020 period, production rose by 53.4%, with a compound annual growth rate of 15.3%. The peak value occurred in 2019 at 28 790 thousand US dollars, which also saw the largest annual increase of 30.4%.

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

Exports super-heated water boilers from Spain

Exports in kind, t

Spain's exports of super-heated water boilers fell for the third year in a row. In 2020, export volume dropped to 28.3 tonnes, a sharp year-on-year decline of 62.6%. From 2017 to 2020, exports plummeted by 96.2%, equivalent to an annualized decrease of 66.3%.

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

Between 2017 and 2020, the top destinations for Spain's exports of super-heated water boilers in volume terms were Israel, with 55.1% of the total, Saudi Arabia at 12.1%, and Italy at 10.4%. Together, these three countries accounted for 77.6% of all exports.

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, K $ US

Spain's exports of super-heated water boilers in value terms declined for the third consecutive year. In 2020, exports amounted to 484 thousand US dollars, a dramatic 54.7% drop compared to 2019. Over the 2017-2020 period, exports fell by 92.3%, translating to an annualized rate of decrease of 57.5%.

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

From 2017 to 2020, Israel, Saudi Arabia, and Italy consistently led as the main destinations for Spain's exports of super-heated water boilers in value terms. Israel accounted for 39.8% of exports, Saudi Arabia for 16.8%, and Italy for 13.7%, together making up 70.3% of total export value.

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

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

Imports super-heated water boilers to Spain

Imports in kind, t

Spain's imports of super-heated water boilers in volume terms increased after two years of decline. In 2020, imports rose to 99.8 tonnes, a sharp 53.8% jump from the previous year. However, over the 2017-2020 period, imports decreased by 73.2%, with a compound annual growth rate of -35.5%. The lowest volume was recorded in 2019 at 64.9 tonnes, which also saw the largest annual decline of 60.8%.

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

Throughout 2017-2020, France dominated Spain's imports of super-heated water boilers in volume terms, holding a 71.7% share of total imports, while all other markets combined accounted for the remainder.

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, K $ US

Spain's imports of super-heated water boilers in value terms increased after two years of decrease. In 2020, imports reached approximately 723 thousand US dollars, a moderate 7.0% rise from the previous year. From 2017 to 2020, imports fell by 41.4%, equivalent to an annualized decrease of 16.3%. The lowest value was in 2019 at 676 thousand US dollars, with the largest annual decline occurring in 2018 at 37.4%.

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

From 2017 to 2020, France, Italy, and Serbia were the key partners for Spain's imports of super-heated water boilers in value terms. France accounted for 32.2% of imports, Italy for 23.7%, and Serbia for 10.9%, together representing 66.7% 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