Report Update Nov 1, 2024

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

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Sweden: Steam Turbine Market 2024

Steam Turbine Market Size in Sweden

After seven years of growth, the Swedish steam turbine market decreased by -10.8% to $X in 2021. Overall, consumption, however, saw resilient growth. Steam turbine consumption peaked at $X in 2020, and then dropped in the following year.

Steam Turbine Production in Sweden

In value terms, steam turbine production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Steam Turbine Exports

Exports from Sweden

In 2021, after three years of decline, there was significant growth in overseas shipments of steam turbines and other vapor turbines, when their volume increased by 119% to X units. In general, exports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2017 with an increase of 5,179% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam turbine exports surged to $X in 2021. Overall, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 4,417%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Greenland (X units), Iceland (X units) and Japan (X units) were the main destinations of steam turbine exports from Sweden, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +2,204.3%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for steam turbine exported from Sweden were Iceland ($X), Greenland ($X) and Japan ($X), together accounting for 91% of total exports.

Iceland, with a CAGR of +1,651.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average steam turbine export price stood at $X per unit in 2021, with an increase of 3.3% against the previous year. Over the period under review, the export price showed a temperate expansion. The growth pace was the most rapid in 2018 when the average export price increased by 138%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while the average price for exports to Greenland ($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 Turkey (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Steam Turbine Imports

Imports into Sweden

In 2021, purchases abroad of steam turbines and other vapor turbines was finally on the rise to reach X units after five years of decline. In general, imports, however, faced a deep setback. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, steam turbine imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a abrupt descent. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest steam turbine supplier to Sweden, accounting for a 84% share of total imports. Moreover, steam turbine imports from Germany exceeded the figures recorded by the second-largest supplier, Iceland (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -4.8%.

In value terms, Germany ($X) constituted the largest supplier of steam turbines and other vapor turbines to Sweden, comprising 66% of total imports. The second position in the ranking was taken by Iceland ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +2.7%.

Import Prices by Country

In 2021, the average steam turbine import price amounted to $X per unit, falling by -47.8% against the previous year. In general, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of 403%. As a result, import price attained the peak level of $X per unit. From 2019 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 Iceland ($X per unit), while the price for Germany stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+31.0%), 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. These countries were followed by Sweden, Turkey, Germany, Japan and Mongolia, which together accounted 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 Sweden?

In value terms, Germany constituted the largest supplier of steam turbine to Sweden, comprising 66% of total imports. The second position in the ranking was occupied by Iceland, with a 29% share of total imports.

What are the leading importers of steam turbines and other vapor turbines from Sweden?

In value terms, the largest markets for steam turbine exported from Sweden were Iceland, Greenland and Japan, with a combined 91% share of total exports.

What is the average export price for steam turbines and other vapor turbines in Sweden?

In 2021, the average steam turbine export price amounted to $1,484 per unit, surging by 25% against the previous year.

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

The average steam turbine import price stood at $551 per unit in 2021, waning by -36.1% against the previous year.

This report provides an in-depth analysis of the steam turbine market in Sweden. 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:

Sweden

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sweden
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