France: Steam Turbine Market 2024

Steam Turbine Market Size in France

The French steam turbine market dropped to $X in 2021, approximately equating the previous year. Over the period under review, consumption, however, recorded a significant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Steam Turbine Production in France

In value terms, steam turbine production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 794% against the previous year. Steam turbine production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Steam Turbine Exports

Exports from France

In 2021, shipments abroad of steam turbines and other vapor turbines increased by 622% to X units, rising for the second year in a row after two years of decline. Overall, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, steam turbine exports surged to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) was the main destination for steam turbine exports from France, accounting for a 75% share of total exports. Moreover, steam turbine exports to Turkey exceeded the volume sent to the second major destination, Belgium (X units), ninefold. Tunisia (X units) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+57.9% per year) and Tunisia (-4.5% per year).

In value terms, Turkey ($X) emerged as the key foreign market for steam turbines and other vapor turbines exports from France, comprising 77% of total exports. The second position in the ranking was held by Tunisia ($X), with a 5.5% share of total exports. It was followed by Italy, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to Turkey amounted to +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+5.7% per year) and Italy (+5.6% per year).

Export Prices by Country

In 2021, the average steam turbine export price amounted to $X per unit, waning by -3.9% against the previous year. Overall, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Tunisia ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Turbine Imports

Imports into France

In 2021, purchases abroad of steam turbines and other vapor turbines decreased by -49.9% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2015 with an increase of 979% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, steam turbine imports fell remarkably to $X in 2021. Overall, imports faced a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 633% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X units) constituted the largest steam turbine supplier to France, with a 41% share of total imports. Moreover, steam turbine imports from Portugal exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. The third position in this ranking was held by Germany (X units), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal stood at +93.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-19.6% per year) and Germany (-7.0% per year).

In value terms, the largest steam turbine suppliers to France were Brazil ($X), Germany ($X) and Poland ($X), with a combined 82% share of total imports. These countries were followed by Portugal, Egypt and the United States, which together accounted for a further 9.3%.

Portugal, with a CAGR of +21.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average steam turbine import price amounted to $X per unit, which is down by -40.8% against the previous year. In general, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2013 when the average import price increased by 77% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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