MERCOSUR: Steam Turbine Market 2024

Steam Turbine Market Size in MERCOSUR

In 2022, after two years of growth, there was decline in the MERCOSUR steam turbine market, when its value decreased by X% to $X. Overall, consumption faced a precipitous contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Steam Turbine Production in MERCOSUR

In value terms, steam turbine production reached $X in 2022 estimated in export price. The total output 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 most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Steam Turbine Exports

Exports in MERCOSUR

In 2022, steam turbine exports in MERCOSUR skyrocketed to X units, increasing by X% on 2021. Over the period under review, exports, however, continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, steam turbine exports surged to $X in 2022. Overall, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia was the largest exporter of steam turbines and other vapor turbines in MERCOSUR, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Brazil (X units), mixing up a X% share of total exports.

Colombia was also the fastest-growing in terms of the steam turbines and other vapor turbines exports, with a CAGR of X% from 2012 to 2022. Brazil (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest steam turbine supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

In Brazil, steam turbine exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Colombia amounted to $X per unit.

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

Steam Turbine Imports

Imports in MERCOSUR

In 2022, overseas purchases of steam turbines and other vapor turbines decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a deep contraction. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, steam turbine imports reduced remarkably to $X in 2022. In general, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Colombia was the major importer of steam turbines and other vapor turbines in MERCOSUR, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Chile (X units) and Argentina (X units), together comprising a X% share of total imports. Brazil (X units) and Ecuador (X units) took a little share of total imports.

Colombia was also the fastest-growing in terms of the steam turbines and other vapor turbines imports, with a CAGR of X% from 2012 to 2022. At the same time, Ecuador (X%) displayed positive paces of growth. By contrast, Argentina (X%), Brazil (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.), Argentina (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steam turbine importing markets in MERCOSUR were Colombia ($X), Brazil ($X) and Argentina ($X), together accounting for X% of total imports. Ecuador and Chile lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, approximately equating the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 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 Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform