Netherlands: Steam Turbine Market 2024

Steam Turbine Market Size in the Netherlands

The Dutch steam turbine market totaled $X in 2021, picking up by 3.6% against the previous year. In general, consumption enjoyed significant growth. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Steam Turbine Production in the Netherlands

In value terms, steam turbine production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 469% against the previous year. Steam turbine production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Steam Turbine Exports

Exports from the Netherlands

In 2021, after two years of growth, there was significant decline in overseas shipments of steam turbines and other vapor turbines, when their volume decreased by -98.2% to X units. Over the period under review, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 2,237% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam turbine exports declined notably to $X in 2021. In general, exports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2019 when exports increased by 1,263% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for steam turbine exports from the Netherlands, accounting for a 56% share of total exports. Moreover, steam turbine exports to the UK exceeded the volume sent to the second major destination, Russia (X units), fourfold. Turkey (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-22.3% per year) and Turkey (+58.6% per year).

In value terms, the UK ($X), Russia ($X) and Turkey ($X) appeared to be the largest markets for steam turbine exported from the Netherlands worldwide, together comprising 88% of total exports.

Turkey, with a CAGR of +68.6%, recorded the highest growth rate of the value of exports, among 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

The average steam turbine export price stood at $X per unit in 2021, rising by 160% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 263% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained 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 Russia ($X per unit), while the average price for exports to China ($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 France (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.

Steam Turbine Imports

Imports into the Netherlands

Steam turbine imports into the Netherlands dropped dramatically to X units in 2021, declining by -75.8% compared with 2020 figures. Over the period under review, imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2017 with an increase of 136% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, steam turbine imports dropped dramatically to $X in 2021. In general, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 310%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X units), France (X units) and Germany (X units) were the main suppliers of steam turbine imports to the Netherlands, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of -3.5%), while imports for the other leaders experienced a decline.

In value terms, the largest steam turbine suppliers to the Netherlands were Brazil ($X), France ($X) and Germany ($X), with a combined 98% share of total imports.

France, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average steam turbine import price stood at $X per unit in 2021, increasing by 95% against the previous year. In general, the import price posted a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+62.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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