Report Update Feb 1, 2025

Sri Lanka - Condensers for Steam or Other Vapour Power Units - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in Sri Lanka

After two years of growth, the Sri Lankan vapour power unit market decreased by -33.4% to $X in 2021. Overall, consumption continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Vapour Power Unit Exports

Exports from Sri Lanka

In 2021, shipments abroad of condensers for steam or other vapour power units was finally on the rise to reach X kg for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, saw a significant decrease. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, vapour power unit exports contracted to $X in 2021. In general, exports, however, saw a sharp decrease. The pace of growth was the most pronounced in 2016 when exports increased by 39%. 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

Seychelles (X kg) and Maldives (X kg) were the main destinations of vapour power unit exports from Sri Lanka.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Seychelles (with a CAGR of -19.7%).

From 2012 to 2021, the average annual growth rate of value to Seychelles stood at -26.1%.

Export Prices by Country

The average vapour power unit export price stood at $X per ton in 2021, which is down by -62.9% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 119%. As a result, the export price reached the peak level of $X per ton, and then reduced dramatically in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Maldives totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+695.4%), while the prices for the other major destinations experienced a decline.

Vapour Power Unit Imports

Imports into Sri Lanka

In 2021, purchases abroad of condensers for steam or other vapour power units decreased by -30.4% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports faced a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 335% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, vapour power unit imports declined notably to $X in 2021. Overall, imports saw a pronounced contraction. The growth pace was the most rapid in 2020 when imports increased by 438% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Japan (X kg) were the main suppliers of vapour power unit imports to Sri Lanka, together comprising 95% of total imports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +30.8%), while purchases for the other leaders experienced a decline.

In value terms, India ($X) constituted the largest supplier of vapour power unit to Sri Lanka, comprising 63% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by China, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from India stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+52.3% per year) and China (-15.4% per year).

Import Prices by Country

The average vapour power unit import price stood at $X per ton in 2021, which is down by -16.6% against the previous year. Overall, the import price, however, posted a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 358%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then reduced notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for condensers for steam or other vapour power units in the world?

The countries with the highest volumes of in 2021 were Nigeria, the United Arab Emirates and Indonesia, together accounting for 59% of global consumption. China, Italy, Poland, Russia, Pakistan, Ecuador and Saudi Arabia lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of condensers for steam or other vapour power units in the world?

China remains the largest vapour power unit producing country worldwide, accounting for 44% of total volume. Moreover, vapour power unit production in China exceeded the figures recorded by the second-largest producer, the United Arab Emirates, threefold. South Korea ranked third in terms of total production with an 11% share.

What are the leading suppliers of condensers for steam or other vapour power units to Sri Lanka?

In value terms, India constituted the largest supplier of vapour power unit to Sri Lanka, comprising 62% of total imports. The second position in the ranking was occupied by Singapore, with a 15% share of total imports. It was followed by China, with an 8.3% share.

What are the leading importers of condensers for steam or other vapour power units from Sri Lanka?

In value terms, Seychelles $98) remains the key foreign market for vapour power unit exports from Sri Lanka, comprising 89% of total exports. The second position in the ranking was occupied by Maldives $12), with an 11% share of total exports.

What is the average export price for condensers for steam or other vapour power units in Sri Lanka?

In 2021, the average vapour power unit export price amounted to $1,978 per ton, increasing by 33% against the previous year.

What is the average import price for condensers for steam or other vapour power units in Sri Lanka?

In 2021, the average vapour power unit import price amounted to $11,561 per ton, which is down by -37% against the previous year.

This report provides an in-depth analysis of the vapour power unit market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25301250 - Condensers for steam or other vapour power units

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024