Overview of the Global Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

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

The global market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process expanded modestly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market remained at a lower figure.

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

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate moderate growth. The growth pace was the most rapid in 2019 when the production volume increased by X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports

In 2022, the amount of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process exported worldwide reached X units, rising by X% on the previous year. Overall, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process shrank to $X in 2022. The total export 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 with an increase of X%. The global exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

China dominates process structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Mexico (X units), comprising a X% share of total exports. India (X units) held a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%) and Mexico (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest machinery for material treatment by heating or cooling process supplier worldwide, comprising X% of global exports. The second position in the ranking was held by India ($X), with a X% share of global exports.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price faced a deep setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while China ($X per unit) was amongst the lowest.

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

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

Imports

In 2022, approx. X units of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process were imported worldwide; therefore, remained relatively stable against 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its volume 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%. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units), distantly followed by China (X units) and Taiwan (Chinese) (X units) represented the key importers of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, together generating X% of total imports. Mexico (X units), Russia (X units), Indonesia (X units), India (X units), South Korea (X units), Malaysia (X units), Singapore (X units), Brazil (X units), Chile (X units) and Egypt (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Mexico ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Indonesia, South Korea, Singapore, India, Malaysia, Taiwan (Chinese), Russia, Brazil, Chile and Egypt lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by X%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Egypt ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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