China: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in China

The Chinese vapour power unit market soared to $X in 2021, with an increase of 18% against the previous year. In general, consumption, however, showed a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Vapour Power Unit Production in China

In value terms, vapour power unit production reduced modestly to $X in 2021 estimated in export price. In general, production showed a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 42%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Vapour Power Unit Exports

Exports from China

Vapour power unit exports from China fell to X tons in 2021, shrinking by -12.9% compared with 2020 figures. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 267% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, vapour power unit exports contracted notably to $X in 2021. In general, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 209%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for vapour power unit exports from China, accounting for a 46% share of total exports. Moreover, vapour power unit exports to Indonesia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. Italy (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled +58.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+50.5% per year) and Italy (+108.3% per year).

In value terms, Indonesia ($X) remains the key foreign market for vapour power unit exports from China, comprising 58% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Italy, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +60.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+49.4% per year) and Italy (+84.5% per year).

Export Prices by Country

In 2021, the average vapour power unit export price amounted to $X per ton, shrinking by -7.9% against the previous year. In general, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 69%. The export price peaked at $X per ton 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 Trinidad and Tobago ($X per ton), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Power Unit Imports

Imports into China

In 2021, imports of condensers for steam or other vapour power units into China soared to X tons, rising by 68% on the previous year's figure. In general, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 469%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, vapour power unit imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 244% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest vapour power unit supplier to China, with a 71% share of total imports. Moreover, vapour power unit imports from Japan exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. The third position in this ranking was held by South Korea (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+93.7% per year) and South Korea (+9.7% per year).

In value terms, Japan ($X) constituted the largest supplier of vapour power unit to China, comprising 64% of total imports. The second position in the ranking was held by the UK ($X), with a 13% share of total imports. It was followed by South Korea, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+25.4% per year) and South Korea (+12.0% per year).

Import Prices by Country

In 2021, the average vapour power unit import price amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price recorded a measured increase. The pace of growth appeared the most rapid in 2018 an increase of 221% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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