Southern Asia: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Southern Asia

The South Asian market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process rose sharply to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a significant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process in Southern Asia

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reached $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports in Southern Asia

For the sixth consecutive year, Southern Asia recorded growth in shipments abroad of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, which increased by X% to X units in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X in 2022. Total exports indicated a moderate 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, India (X units) was the key exporter of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process in Southern Asia, comprising X% of total export.

India was also the fastest-growing in terms of the cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest machinery for material treatment by heating or cooling process supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a precipitous decline. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports in Southern Asia

For the sixth year in a row, Southern Asia recorded growth in supplies from abroad of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, which increased by X% to X units in 2022. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reduced to $X in 2022. Total imports indicated temperate growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) was the largest importer of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, making up X% of total imports. It was distantly followed by Bangladesh (X units), comprising a X% share of total imports. Pakistan (X units), Sri Lanka (X units) and Nepal (X units) took a relatively small share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Nepal (X%), Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (X p.p.) and Sri Lanka (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Pakistan ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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