Eastern Asia: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in Eastern Asia

The East Asian vapour power unit market soared to $X in 2021, with an increase of 51% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Vapour Power Unit Production in Eastern Asia

In value terms, vapour power unit production reached $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 16%. 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 in Eastern Asia

In 2021, the amount of condensers for steam or other vapour power units exported in Eastern Asia declined sharply to X tons, with a decrease of -33.6% compared with 2020. In general, exports, however, posted temperate growth. The growth pace was the most rapid in 2013 when exports increased by 150%. The volume of export peaked 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 markedly to $X in 2021. Overall, exports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 57%. 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 major exporting country with an export of about X tons, which amounted to 82% of total exports. It was distantly followed by South Korea (X tons), generating a 14% share of total exports. Japan (X tons) took a little 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%) and Japan (-18.1%) illustrated a downward trend over the same period. While the share of China (+25 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-9.1 p.p.) and Japan (-17.5 p.p.) displayed negative dynamics.

In value terms, China ($X) emerged as the largest vapour power unit supplier in Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total exports.

In China, vapour power unit exports expanded 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 Japan (-26.2% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, which is down by -25.8% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the export price increased by 47%. 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 Eastern Asia

In 2021, approx. X tons of condensers for steam or other vapour power units were imported in Eastern Asia; falling by -24.1% against the previous year's figure. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 310% against the previous year. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, vapour power unit imports dropped significantly to $X in 2021. In general, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 202%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2021, Japan (X tons) was the major importer of condensers for steam or other vapour power units, creating 81% of total imports. South Korea (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by China (6.5%).

Japan was also the fastest-growing in terms of the condensers for steam or other vapour power units imports, with a CAGR of +19.2% from 2012 to 2021. At the same time, China (+16.8%) and South Korea (+1.2%) displayed positive paces of growth. While the share of Japan (+30 p.p.) and China (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-20.4 p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported condensers for steam or other vapour power units in Eastern Asia, comprising 75% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports.

In Japan, vapour power unit imports expanded at an average annual rate of +11.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (+19.9% per year) and South Korea (+4.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, falling by -7.4% against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while South Korea ($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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