The import volume of central heating boilers to the UK has displayed fluctuations over the past decade. Standing at 40.579 million kilograms in 2023, it saw significant growth in early years, peaking at 41.543 million kilograms in 2015. Declines were notable, particularly in 2018 and steeply in 2020 but recovering thereafter with slight annual increases. The past two years, 2022 and 2023, showcased stable growth around 0.8%. The 5-year CAGR up to 2023 stands at 1.39%. Forecasted data suggests a gradual increase, projecting a growth rate of 3.34% by 2028 and a 5-year CAGR of 0.66%.
Future trends to watch for:
- Impact of decarbonization policies and regulations
- Technological advancements in boiler efficiency
- Shifts in energy source preferences
- Market reaction to potential supply chain disruptions
- Economic factors influencing construction and renovations in the UK
