HS Code:
Central heating boilers (other than those of heading 8402) and parts thereof, classified under HS Code 8403, include boilers used for central heating in residential, commercial, and industrial settings, excluding steam or other vapor-generating boilers. This category encompasses a wide range of products such as gas, oil, and solid fuel boilers, as well as their components and spare parts. These products are critical for heating systems in colder climates and are a significant part of the global HVAC (heating, ventilation, and air conditioning) market. Trade in this category is influenced by factors such as energy efficiency regulations, environmental policies, and seasonal demand.
Total Trade Volume
USD 10.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 2.1 billion
20% of total trade of total trade
Increasing
USD 1.8 billion
17% of total trade of total trade
Stable
USD 1.5 billion
14% of total trade of total trade
Increasing
USD 1.0 billion
10% of total trade of total trade
Stable
USD 0.8 billion
8% of total trade of total trade
Increasing
Average Rate
4.5%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU Single Market or USMCA)
Shift towards energy-efficient and eco-friendly boilers
Increased demand for condensing boilers and those compatible with renewable energy sources, driving innovation and higher production costs.
2021-2023
Rising adoption of smart heating systems
Growing integration of IoT-enabled boilers, boosting trade in high-tech components and parts, particularly in developed markets.
2022-2023
Impact of global energy price fluctuations
Volatility in oil and gas prices has influenced demand for alternative fuel boilers, affecting trade patterns in regions dependent on imports.
2022
The European Union introduced stricter regulations under the Eco-design Directive, mandating higher efficiency ratings for central heating boilers starting in 2023.
January 2023
Non-compliant manufacturers face restricted access to the EU market, pushing exporters to innovate and adapt to new standards.
A new phase of trade negotiations reduced tariffs on HVAC products, including central heating boilers, between the US and China.
March 2023
Increased exports of Chinese boilers to the US market, potentially affecting domestic producers and shifting trade dynamics.
Record-low temperatures in Northern Europe led to a spike in demand for central heating boilers and replacement parts during the 2022-2023 winter season.
December 2022
Temporary boost in trade volume for exporters in Germany and Italy, with supply chain pressures reported in key markets.