Germany: Vapour Power Unit Market 2024

Vapour Power Unit Market Size in Germany

After two years of growth, the German vapour power unit market decreased by -13.6% to $X in 2021. In general, consumption, however, saw a slight expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Vapour Power Unit Production in Germany

In value terms, vapour power unit production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 47%. Vapour power unit production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Vapour Power Unit Exports

Exports from Germany

In 2021, approx. X tons of condensers for steam or other vapour power units were exported from Germany; shrinking by -30.7% on the previous year's figure. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by 195% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, vapour power unit exports contracted sharply to $X in 2021. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 49% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), the United States (X tons) and Iraq (X tons) were the main destinations of vapour power unit exports from Germany, together accounting for 62% of total exports. Bangladesh, the Czech Republic, Taiwan (Chinese), Belgium, Spain, the United Arab Emirates and the Netherlands lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +140.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Iraq ($X) and the United States ($X) constituted the largest markets for vapour power unit exported from Germany worldwide, together accounting for 58% of total exports. The Czech Republic, Bangladesh, Taiwan (Chinese), Belgium, Spain, the United Arab Emirates and the Netherlands lagged somewhat behind, together comprising a further 29%.

Taiwan (Chinese), with a CAGR of +128.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vapour power unit export price amounted to $X per ton, with an increase of 17% against the previous year. Overall, the export price posted a modest increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 97% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+72.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vapour Power Unit Imports

Imports into Germany

After two years of growth, purchases abroad of condensers for steam or other vapour power units decreased by -50% to X tons in 2021. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2020 with an increase of 325%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, vapour power unit imports shrank significantly to $X in 2021. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 304%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) was the main supplier of vapour power unit to Germany, with a 99% share of total imports. It was followed by Italy (X kg), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.2% per year) and Spain (-58.4% per year).

In value terms, Poland ($X) constituted the largest supplier of vapour power unit to Germany, comprising 96% of total imports. The second position in the ranking was taken by Italy ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.2% per year) and Spain (-50.3% per year).

Import Prices by Country

In 2021, the average vapour power unit import price amounted to $X per ton, picking up by 24% against the previous year. Over the period under review, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2013 an increase of 241%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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