CIS: Steam Turbine Market 2024

Steam Turbine Market Size in CIS

The CIS steam turbine market reduced to $X in 2021, falling by -2.8% against the previous year. Overall, consumption showed a significant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Steam Turbine Production in CIS

In value terms, steam turbine production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 359% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Steam Turbine Exports

Exports in CIS

In 2021, after two years of growth, there was significant decline in shipments abroad of steam turbines and other vapor turbines, when their volume decreased by -99.2% to X units. Over the period under review, exports faced a sharp setback. The growth pace was the most rapid in 2017 with an increase of 334% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020, and then dropped markedly in the following year.

In value terms, steam turbine exports surged to $X in 2021. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 213% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Belarus represented the largest exporter of steam turbines and other vapor turbines in the CIS, with the volume of exports recording X units, which was near 76% of total exports in 2021. It was distantly followed by Russia (X units), creating a 24% share of total exports.

Belarus was also the fastest-growing in terms of the steam turbines and other vapor turbines exports, with a CAGR of +7.7% from 2012 to 2021. Russia (-36.2%) illustrated a downward trend over the same period. While the share of Belarus (+74 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-73.6 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest steam turbine supplier in the CIS, comprising 100% of total exports. The second position in the ranking was taken by Belarus ($X), with a 0.2% share of total exports.

In Russia, steam turbine exports increased at an average annual rate of +13.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, surging by 23,107% against the previous year. Overall, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+77.9%).

Steam Turbine Imports

Imports in CIS

In 2021, approx. X units of steam turbines and other vapor turbines were imported in the CIS; jumping by 48% on the previous year's figure. In general, imports, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 790% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, steam turbine imports reduced modestly to $X in 2021. Overall, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by 85% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Armenia (X units), Uzbekistan (X units) and Russia (X units) was the main importer of steam turbines and other vapor turbines in the CIS, generating 80% of total import. It was distantly followed by Kazakhstan (X units) and Belarus (X units), together generating a 19% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Armenia (with a CAGR of +167.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Armenia ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 73% of total imports.

Armenia, with a CAGR of +132.9%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, falling by -32.5% against the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of 249% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+24.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :