Report Update Nov 1, 2024

Sri Lanka - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Steam Turbine Market 2024

Steam Turbine Market Size in Sri Lanka

In 2021, the Sri Lankan steam turbine market decreased by -2.2% to $X for the first time since 2013, thus ending a seven-year rising trend. In general, consumption, however, continues to indicate significant growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced slightly in the following year.

Steam Turbine Production in Sri Lanka

In value terms, steam turbine production declined slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 657% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Steam Turbine Exports

Exports from Sri Lanka

In 2015, after two years of decline, there was decline in overseas shipments of steam turbines and other vapor turbines, when their volume decreased by 0% to X units. Overall, exports posted a significant increase. The smallest decline of 99.9% was in 2013. The exports peaked in 2015 and are expected to retain growth in the near future.

In value terms, steam turbine exports shrank remarkably to $X in 2015. In general, exports saw a significant increase. The exports peaked at $X in 2014, and then fell markedly in the following year.

Exports by Country

From 2012 to 2017, the average annual growth rate of volume to No country was relatively modest.

From 2012 to 2017, the average annual rate of growth in terms of value to No country was relatively modest.

Export Prices by Country

In 2015, the average steam turbine export price amounted to $X per unit, remaining constant against the previous year. Overall, the export price posted significant growth. The pace of growth was the most pronounced in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the maximum in 2015 and is expected to retain growth in the near future.

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

From 2012 to 2015, the rate of growth in terms of prices for Pakistan amounted to 0.0% per year.

Steam Turbine Imports

Imports into Sri Lanka

In 2021, supplies from abroad of steam turbines and other vapor turbines decreased by -14.7% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 222% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, steam turbine imports contracted significantly to $X in 2021. In general, imports recorded a significant decline. The most prominent rate of growth was recorded in 2017 when imports increased by 328%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X units) was the main steam turbine supplier to Sri Lanka, accounting for a 99% share of total imports. It was followed by Singapore (X units), with a 1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India totaled +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+3.8% per year) and the United States (-43.0% per year).

In value terms, India ($X) constituted the largest supplier of steam turbines and other vapor turbines to Sri Lanka, comprising 89% of total imports. The second position in the ranking was taken by Singapore ($X), with a 6.4% share of total imports. It was followed by the United States, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled -23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+4.9% per year) and the United States (-30.9% per year).

Import Prices by Country

The average steam turbine import price stood at $X per unit in 2021, shrinking by -90.7% against the previous year. Overall, the import price faced a significant contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 107%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, 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 the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+47.0%), 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 steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Indonesia, together accounting for 72% of global consumption. Sweden, Turkey, Germany, Japan and Mongolia lagged somewhat behind, together accounting for a further 16%.

What are the largest producers of steam turbines and other vapor turbines in the world?

The countries with the highest volumes of in 2021 were China, India and Sweden, together accounting for 82% of global production.

What are the leading suppliers of steam turbines and other vapor turbines to Sri Lanka?

In value terms, China constituted the largest supplier of steam turbine to Sri Lanka, comprising 69% of total imports. The second position in the ranking was occupied by Singapore, with a 17% share of total imports. It was followed by India, with an 8% share.

What is the average import price for steam turbines and other vapor turbines in Sri Lanka?

The average steam turbine import price stood at $232 per unit in 2021, which is down by -48.6% against the previous year.

This report provides an in-depth analysis of the steam turbine 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 28112130 -
Prodcom 28112150 -

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023