Eastern Asia: Vapour Generating Boiler Market 2024

Vapour Generating Boiler Market Size in Eastern Asia

In 2022, the East Asian vapour generating boiler market decreased by X% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vapour Generating Boiler Production in Eastern Asia

In value terms, vapour generating boiler production fell modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild slump. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vapour Generating Boiler Exports

Exports in Eastern Asia

In 2022, shipments abroad of vapour generating boilers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vapour generating boiler exports stood at $X in 2022. Over the period under review, exports, however, saw a deep setback. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X tons), comprising an X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of vapour generating boilers. South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest vapour generating boiler supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

In China, vapour generating boiler exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Vapour Generating Boiler Imports

Imports in Eastern Asia

In 2022, overseas purchases of vapour generating boilers increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, vapour generating boiler imports reduced notably to $X in 2022. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) represented the major importer of vapour generating boilers, creating X% of total imports. Taiwan (Chinese) (X tons) took the second position in the ranking, followed by China (X tons). All these countries together held approx. X% share of total imports. The following importers - Democratic People's Republic of Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vapour generating boiler imports into South Korea stood at X%. At the same time, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Democratic People's Republic of Korea (X%) and China (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported vapour generating boilers in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by China, with an X% share.

In South Korea, vapour generating boiler imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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