Global Vapour Power Unit Market 2023

Vapour Power Unit Market Size

In 2021, after two years of growth, there was significant decline in the global vapour power unit market, when its value decreased by -87.1% to $X. Over the period under review, consumption, however, saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the global market remained at a lower figure.

Vapour Power Unit Production

In value terms, vapour power unit production surged to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Over the period under review, global production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Vapour Power Unit Exports

Exports

In 2021, approx. X tons of condensers for steam or other vapour power units were exported worldwide; with a decrease of -25.7% compared with the previous year. In general, exports, however, continue to indicate a slight increase. The pace of growth appeared the most rapid in 2013 when exports increased by 110%. Over the period under review, the global exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, vapour power unit exports contracted remarkably to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 56%. The global exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China was the major exporter of condensers for steam or other vapour power units in the world, with the volume of exports finishing at X tons, which was approx. 62% of total exports in 2021. South Korea (X tons) took the second position in the ranking, followed by the United States (X tons). All these countries together held approx. 18% share of total exports. India (X tons), the Netherlands (X tons), Spain (X tons), Japan (X tons), Italy (X tons) and Indonesia (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to vapour power unit exports from China stood at +8.4%. At the same time, the Netherlands (+15.8%) and Spain (+7.5%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.8% from 2012-2021. By contrast, South Korea (-1.6%), India (-5.8%), the United States (-6.0%), Indonesia (-6.1%), Italy (-7.4%) and Japan (-18.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the Netherlands increased by +28 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) emerged as the largest vapour power unit supplier worldwide, comprising 42% of global exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of global exports. It was followed by South Korea, with a 12% share.

In China, vapour power unit exports expanded at an average annual rate of +6.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+17.3% per year) and South Korea (-1.8% per year).

Export Prices by Country

The average vapour power unit export price stood at $X per ton in 2021, shrinking by -13.5% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.3%), while the other global leaders experienced a decline in the export price figures.

Vapour Power Unit Imports

Imports

In 2021, global imports of condensers for steam or other vapour power units dropped to X tons, with a decrease of -13% compared with 2020. In general, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.5% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 95%. Over the period under review, global imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vapour power unit imports reduced markedly to $X in 2021. Over the period under review, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 70% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of global imports remained at a lower figure.

Imports by Country

Nigeria represented the largest importing country with an import of around X tons, which amounted to 42% of total imports. Indonesia (X tons) held the second position in the ranking, distantly followed by Japan (X tons) and the United States (X tons). All these countries together held approx. 34% share of total imports. The following importers - India (X tons), the United Arab Emirates (X tons), Ethiopia (X tons) and Thailand (X tons) - each resulted at a 6.7% share of total imports.

From 2012 to 2021, the biggest increases were in Nigeria (with a CAGR of +42.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported condensers for steam or other vapour power units worldwide, comprising 26% of global imports. The second position in the ranking was taken by Nigeria ($X), with a 10% share of global imports. It was followed by the United States, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value in Indonesia amounted to +12.6%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+37.9% per year) and the United States (-10.6% per year).

Import Prices by Country

The average vapour power unit import price stood at $X per ton in 2021, falling by -3.7% against the previous year. In general, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2019 an increase of 41% against the previous year. Global import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ethiopia (+8.8%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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