Southern Asia: Market for Parts Of Vapour Generating Boilers And Super-Heater Water Boilers 2024

Market Size for Parts Of Vapour Generating Boilers And Super-Heater Water Boilers in Southern Asia

The South Asian vapour generating boiler parts market fell to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2022, and then declined in the following year.

Production of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers in Southern Asia

In value terms, vapour generating boiler parts production declined to $X in 2023 estimated in export price. In general, production continues to indicate a mild decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Exports of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers

Exports in Southern Asia

In 2023, overseas shipments of parts of vapour generating boilers and super-heater water boilers were finally on the rise to reach X tons for the first time since 2018, thus ending a four-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, vapour generating boiler parts exports surged to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

India experienced a relatively flat trend pattern with regard to volume of exports of parts of vapour generating boilers and super-heater water boilers. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest vapour generating boiler parts supplier in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, 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 2023, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers

Imports in Southern Asia

In 2023, purchases abroad of parts of vapour generating boilers and super-heater water boilers decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports failed to regain momentum.

In value terms, vapour generating boiler parts imports contracted to $X in 2023. Over the period under review, imports, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Bangladesh represented the major importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by India (X tons), creating a X% share of total imports.

Bangladesh was also the fastest-growing in terms of the parts of vapour generating boilers and super-heater water boilers imports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. While the share of Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of India (X p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) constitutes the largest market for imported parts of vapour generating boilers and super-heater water boilers in Southern Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

In Bangladesh, vapour generating boiler parts imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, jumping by X% against the previous year. Overall, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while India totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (X%).

Source: IndexBox Platform