Which Country Imports the Most Steam Turbines and Other Vapor Turbines in the World?

Engines And Turbines May 28, 2018
Author: Anna Sergeeva
Market Analyst

Which Country Imports the Most Steam Turbines and Other Vapor Turbines in the World?

IndexBox has just published a new report "World: Steam Turbines And Other Vapor Turbines - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of steam turbine totaled 249K tonnes, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +3.7% over the period from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations over the period under review. The growth pace was the most rapid in 2015, when import increased by 31% from the previous year level. In that year, global steam turbine imports reached its maximum volume of 250K tonnes, leveling off in the following year.

In value terms, steam turbine imports stood at $5.5B in 2016. Overall, it indicated a slight expansion from 2007 to 2016: the total imports value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, steam turbine imports decreased by -35.6% against its level of 2011. Over the period under review, global steam turbine imports reached its maximum level of $8.6B in 2011- however, from 2012 to 2016, it stood at a somewhat lower level.

Top Steam Turbine Importing Countries in the World

1. Indonesia (641.5 million USD)

2. South Africa (294.2 million USD)

3. Turkey (276.6 million USD)

4. China (233.5 million USD)

5. Germany (199.9 million USD)

6. Saudi Arabia (148.8 million USD)

7. Philippines (148.5 million USD)

8. Japan (101.5 million USD)

9. Italy (87.8 million USD)

10. Bangladesh (50.4 million USD)

11. Austria (16.1 million USD)

Steam Turbine Imports By Country

In 2016, South Africa (61K tonnes), and Indonesia (43K tonnes) represented the largest importers of steam turbine in the globe, together accounting for near 42% of total imports. It was distantly followed by Turkey (26K tonnes), China (15K tonnes), and Germany (14K tonnes), together comprising 22% share of total steam turbine imports. The following importers - Bangladesh (11K tonnes), Japan (6K tonnes), Italy (5.9K tonnes), Saudi Arabia (5.4K tonnes), the Philippines (4.7K tonnes), and Austria (3.9K tonnes) together made up 15% of total imports.

From 2007 to 2016, the most notable growth rate of steam turbine imports, among the main importing countries, was attained by Bangladesh (+80.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($642M) constitutes the largest market for imported steam turbine worldwide, making up 12% of global imports. The second position in the ranking was occupied by South Africa ($294M), with the share of 5% of global imports. It was followed by Turkey, with the share of 5%.

From 2007 to 2016, the average annual growth rate of value of steam turbine imports in Indonesia expanded at +21.9%. The remaining importing countries recorded the following average annual rates: South Africa (+19.8% per year) and Turkey (+25.1% per year).

Steam Turbine Import Prices By Country

In 2016, the average import price for steam turbine amounted to $22 per kg, waning by -6.2% against the previous year. Overall, steam turbine import price continues to indicate a temperate descent. The pace of growth appeared the most rapid in 2009, when import increased by 25% year-to-year. Over the period under review, average steam turbine import price attained its maximum level of $50 per kg in 2011- however, from 2012 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was the Philippines ($32 per kg), while Austria ($4,159 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of steam turbine import prices was attained by Indonesia (+9.0% per year), while the other global leaders experienced mixed trends in the import price figures.

Do you want to know more about global steam turbine market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • steam turbine market share
  • steam turbine prices
  • steam turbine industry
  • steam turbine sales
  • steam turbine import
  • steam turbine export
  • steam turbine market forecast
  • steam turbine price forecast
  • key steam turbine producers

All data provided in this article covers the following product: HS Code 8406 - Turbines- steam and other vapour turbines.

Source: World: Steam Turbines And Other Vapor Turbines - Market Report. Analysis and Forecast to 2025