China: Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process 2024

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

The Chinese market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process fell to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production of reached the peak level 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 from China

In 2022, approx. X units of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process were exported from China; picking up by X% compared with the previous year. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process expanded significantly to $X in 2022. Overall, exports posted a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X units) was the main destination for exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process from China, with a X% share of total exports. Moreover, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to Canada exceeded the volume sent to the second major destination, Indonesia (X units), twofold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the United States (X% per year).

In value terms, Canada ($X), the United States ($X) and Singapore ($X) appeared to be the largest markets for machinery for material treatment by heating or cooling process exported from China worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2022, after four years of growth, there was significant decline in overseas purchases of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, when their volume decreased by X% to X units. In general, imports recorded a perceptible decline. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports of reached the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process shrank to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value 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 2018 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Germany (X units), South Korea (X units) and Switzerland (X units) were the main suppliers of imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process to China, together comprising X% of total imports. Italy, the United States, Japan, Singapore, Austria, France and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest machinery for material treatment by heating or cooling process suppliers to China were Germany ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports. Italy, the United States, Austria, Switzerland, Singapore, the Netherlands and France lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other 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, falling by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price 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, import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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