U.S.: Vapour Power Unit Market 2023

Vapour Power Unit Market Size in the U.S.

The U.S. vapour power unit market skyrocketed to $X in 2021, picking up by 148% against the previous year. In general, consumption saw a strong increase. Vapour power unit consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Vapour Power Unit Production in the U.S.

In value terms, vapour power unit production stood at $X in 2021. Overall, production saw a resilient expansion. The growth pace was the most rapid in 2016 when the production volume decreased by -41.1%. Vapour power unit production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Vapour Power Unit Exports

Exports from the U.S.

In 2021, after two years of decline, there was significant growth in shipments abroad of condensers for steam or other vapour power units, when their volume increased by 120% to X tons. Overall, exports, however, continue to indicate a abrupt setback. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, vapour power unit exports soared to $X in 2021. In general, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 129% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons) was the main destination for vapour power unit exports from the United States, with a 49% share of total exports. Moreover, vapour power unit exports to Venezuela exceeded the volume sent to the second major destination, Egypt (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela stood at +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+10.2% per year) and Mexico (-1.2% per year).

In value terms, Mexico ($X), Canada ($X) and Indonesia ($X) were the largest markets for vapour power unit exported from the United States worldwide, together accounting for 67% of total exports. These countries were followed by the Philippines, Egypt, Venezuela, Saudi Arabia and China, which together accounted for a further 20%.

In terms of the main countries of destination, Venezuela, with a CAGR of +11.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vapour power unit export price stood at $X per ton in 2021, reducing by -27.7% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per ton), while the average price for exports to Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Power Unit Imports

Imports into the U.S.

For the fourth year in a row, the United States recorded decline in overseas purchases of condensers for steam or other vapour power units, which decreased by -9.2% to X tons in 2021. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 825%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, vapour power unit imports surged to $X in 2021. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 280% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Israel (X tons) constituted the largest supplier of vapour power unit to the United States, accounting for a 79% share of total imports. Moreover, vapour power unit imports from Israel exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Israel amounted to +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.3% per year) and South Korea (-31.9% per year).

In value terms, Israel ($X) constituted the largest supplier of vapour power unit to the United States, comprising 85% of total imports. The second position in the ranking was taken by Canada ($X), with a 5.2% share of total imports. It was followed by China, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Israel amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+2.4% per year) and China (+7.6% per year).

Import Prices by Country

In 2021, the average vapour power unit import price amounted to $X per ton, growing by 53% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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