Asia-Pacific: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in Asia-Pacific

The Asia-Pacific vapour power unit market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Vapour Power Unit Production in Asia-Pacific

In value terms, vapour power unit production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Vapour Power Unit Exports

Exports in Asia-Pacific

In 2021, vapour power unit exports in Asia-Pacific fell notably to X tons, shrinking by -35.2% on 2020. Over the period under review, exports, however, saw a perceptible increase. The pace of growth was the most pronounced in 2013 when exports increased by 131%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, vapour power unit exports shrank sharply to $X in 2021. Overall, exports saw a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of 51%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which resulted at 76% of total exports. South Korea (X tons) ranks second in terms of the total exports with a 13% share, followed by India (4.8%). The following exporters - Japan (X tons) and Indonesia (X tons) - each recorded a 4.2% share of total exports.

China was also the fastest-growing in terms of the condensers for steam or other vapour power units exports, with a CAGR of +8.4% from 2012 to 2021. South Korea (-1.6%), India (-5.8%), Indonesia (-6.1%) and Japan (-18.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +29 percentage points.

In value terms, China ($X) emerged as the largest vapour power unit supplier in Asia-Pacific, comprising 64% of total exports. The second position in the ranking was taken by South Korea ($X), with an 18% share of total exports. It was followed by India, with a 6.6% share.

In China, vapour power unit exports increased at an average annual rate of +6.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-1.8% per year) and India (-6.7% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, which is down by -25.5% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 33% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.2%), while the other leaders experienced a decline in the export price figures.

Vapour Power Unit Imports

Imports in Asia-Pacific

In 2021, approx. X tons of condensers for steam or other vapour power units were imported in Asia-Pacific; which is down by -24.7% against the previous year's figure. In general, imports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 167%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, vapour power unit imports shrank rapidly to $X in 2021. Overall, imports, however, posted perceptible growth. The growth pace was the most rapid in 2018 when imports increased by 178%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia was the largest importer of condensers for steam or other vapour power units in Asia-Pacific, with the volume of imports finishing at X tons, which was approx. 57% of total imports in 2021. Japan (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by India (5.3%). Thailand (X tons), South Korea (X tons), Bangladesh (X tons) and the Philippines (X tons) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +13.7% from 2012 to 2021. At the same time, the Philippines (+51.3%), Japan (+19.2%), India (+13.5%), Thailand (+13.5%) and South Korea (+1.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +51.3% from 2012-2021. By contrast, Bangladesh (-5.8%) illustrated a downward trend over the same period. Indonesia (+34 p.p.), Japan (+14 p.p.), India (+3.1 p.p.), Thailand (+2.4 p.p.) and the Philippines (+2 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported condensers for steam or other vapour power units in Asia-Pacific, comprising 57% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by Thailand, with a 6.1% share.

In Indonesia, vapour power unit imports increased at an average annual rate of +12.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+11.2% per year) and Thailand (+12.7% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, reducing by -13.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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