Australia: Steam Turbine Market 2025

Steam Turbine Market Size in Australia

In 2021, after two years of growth, there was decline in the Australian steam turbine market, when its value decreased by -4.3% to $X. In general, consumption, however, recorded a significant expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Steam Turbine Production in Australia

In value terms, steam turbine production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, posted significant growth. The growth pace was the most rapid in 2014 when the production volume increased by 1,545%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Steam Turbine Exports

Exports from Australia

In 2021, after two years of growth, there was significant decline in overseas shipments of steam turbines and other vapor turbines, when their volume decreased by -52.2% to X units. In general, exports recorded a abrupt contraction. The growth pace was the most rapid in 2020 when exports increased by 534% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam turbine exports soared to $X in 2021. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 188%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X units), Singapore (X units) and the United States (X units) were the main destinations of steam turbine exports from Australia, with a combined 85% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +27.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), the United States ($X) and Singapore ($X) were the largest markets for steam turbine exported from Australia worldwide, together comprising 82% of total exports.

New Zealand, with a CAGR of +34.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average steam turbine export price stood at $X per unit in 2021, growing by 213% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 an increase of 260% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+51.0%), while the prices for the other major destinations experienced mixed trend patterns.

Steam Turbine Imports

Imports into Australia

In 2021, the amount of steam turbines and other vapor turbines imported into Australia skyrocketed to X units, increasing by 158% compared with the previous year. Overall, imports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when imports increased by 647%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, steam turbine imports surged to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by 730% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest steam turbine supplier to Australia, accounting for a 69% share of total imports. Moreover, steam turbine imports from Japan exceeded the figures recorded by the second-largest supplier, the UK (X units), eightfold. The third position in this ranking was taken by Poland (X units), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+78.0% per year) and Poland (+5.4% per year).

In value terms, Japan ($X) constituted the largest supplier of steam turbines and other vapor turbines to Australia, comprising 82% of total imports. The second position in the ranking was held by India ($X), with a 7.2% share of total imports. It was followed by the Czech Republic, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+31.1% per year) and the Czech Republic (+34.5% per year).

Import Prices by Country

The average steam turbine import price stood at $X per unit in 2021, declining by -30.8% against the previous year. Overall, the import price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2015 an increase of 123%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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