Australia: Steam Turbine Market 2024

Steam Turbine Market Size in Australia

The Australian steam turbine market was estimated at $X in 2022, remaining constant against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Steam Turbine Production in Australia

In value terms, steam turbine production expanded to $X in 2022 estimated in export price. In general, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Steam Turbine Exports

Exports from Australia

In 2022, overseas shipments of steam turbines and other vapor turbines decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp decline. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steam turbine exports surged to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), New Zealand (X units) and the United States (X units) were the main destinations of steam turbine exports from Australia, together accounting for X% of total exports. Malaysia, Fiji, Papua New Guinea, the Philippines, Christmas Island, South Africa, China, the United Arab Emirates, Canada and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), New Zealand ($X) and Canada ($X) constituted the largest markets for steam turbine exported from Australia worldwide, with a combined X% share of total exports. The Philippines, Christmas Island, Fiji, Singapore, Malaysia, Papua New Guinea, the UK, South Africa, the United States and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average steam turbine export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price saw a significant expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Turbine Imports

Imports into Australia

In 2022, approx. X units of steam turbines and other vapor turbines were imported into Australia; waning by X% against 2021. Over the period under review, imports faced a precipitous descent. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, steam turbine imports shrank rapidly to $X in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X units), the United States (X units) and China (X units) were the main suppliers of steam turbine imports to Australia. Moreover, steam turbine imports in the Czech Republic exceeded the figures recorded by the second-largest supplier, the United States, twofold.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X) constituted the largest supplier of steam turbines and other vapor turbines to Australia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average steam turbine import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, saw a remarkable increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X,283 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform