EU: Steam Turbine Market 2024

Steam Turbine Market Size in the EU

The EU steam turbine market totaled $X in 2021, standing approx. at the previous year. Over the period under review, consumption continues to indicate significant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Steam Turbine Production in the EU

In value terms, steam turbine production expanded to $X in 2021 estimated in export price. Overall, production recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 521%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Steam Turbine Exports

Exports in the EU

In 2021, shipments abroad of steam turbines and other vapor turbines decreased by -6.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 19%. Over the period under review, the exports attained 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 reached $X in 2021. Overall, exports showed a deep setback. The growth pace was the most rapid in 2014 when exports increased by 14%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the Czech Republic (X units), France (X units) and Germany (X units) was the key exporter of steam turbines and other vapor turbines in the European Union, comprising 95% of total export. Italy (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by France (with a CAGR of +19.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, France ($X), the Czech Republic ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together comprising 94% of total exports.

Among the main exporting countries, France, with a CAGR of +16.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, with an increase of 21% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 22%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.4%), while the other leaders experienced mixed trends in the export price figures.

Steam Turbine Imports

Imports in the EU

For the third year in a row, the European Union recorded decline in supplies from abroad of steam turbines and other vapor turbines, which decreased by -7.4% to X units in 2021. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 132%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, steam turbine imports declined markedly to $X in 2021. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by 3.1% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Poland was the key importer of steam turbines and other vapor turbines in the European Union, with the volume of imports recording X units, which was near 46% of total imports in 2021. Germany (X units) held the second position in the ranking, distantly followed by Italy (X units). All these countries together held approx. 37% share of total imports. France (X units), Belgium (X units), Spain (X units) and Portugal (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +14.5%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest steam turbine importing markets in the European Union were Poland ($X), Germany ($X) and Italy ($X), with a combined 77% share of total imports.

Among the main importing countries, Poland, with a CAGR of +12.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, falling by -18.8% against the previous year. Overall, the import price saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 an increase of 42%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Portugal ($X per unit), while Belgium ($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 (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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