Southern Asia: Heat Exchange Unit Market 2024

Heat Exchange Unit Market Size in Southern Asia

The South Asian heat exchange unit market reached $X in 2022, flattening at the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.3% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Heat Exchange Unit Production in Southern Asia

In value terms, heat exchange unit production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 41%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Heat Exchange Unit Exports

Exports in Southern Asia

Heat exchange unit exports dropped to X units in 2022, with a decrease of -7.1% against the previous year. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +10.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 109% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, heat exchange unit exports shrank notably to $X in 2022. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 117%. The level of export peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

The biggest shipments were from India (X units), together reaching 100% of total export.

India was also the fastest-growing in terms of the heat exchange units exports, with a CAGR of +10.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest heat exchange unit supplier in Southern Asia.

In India, heat exchange unit exports increased at an average annual rate of +10.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, shrinking by -10.3% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.0% per year.

Heat Exchange Unit Imports

Imports in Southern Asia

Heat exchange unit imports dropped slightly to X units in 2022, waning by -3.7% against 2021. In general, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 150%. The volume of import peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, heat exchange unit imports declined modestly to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 144% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced slightly in the following year.

Imports by Country

Bangladesh (X units) and India (X units) prevails in imports structure, together committing 95% of total imports. The following importers - Pakistan (X units) and Sri Lanka (X units) - each resulted at a 3.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +38.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Bangladesh ($X), India ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2022, with a combined 97% share of total imports.

Bangladesh, with a CAGR of +39.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bangladesh ($X per unit) and Sri Lanka ($X per unit), while Pakistan ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+0.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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