Overview of the Global Market for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Market Size for Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

In 2022, the global market for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2021, and then fell modestly in the following year.

Production of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

In value terms, production of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Exports

In 2022, global exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process reached X units, picking up by X% on the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process fell to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, China (X units) represented the largest exporter of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process, committing X% of total exports. The United States (X units) took the second position in the ranking, followed by South Korea (X units), Germany (X units) and Italy (X units). All these countries together took approx. X% share of total exports. Malaysia (X units), Indonesia (X units), Belgium (X units), Turkey (X units), India (X units) and Japan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to machinery for material treatment by heating or cooling process exports from China stood at X%. At the same time, Indonesia (X%), Turkey (X%), the United States (X%), Malaysia (X%) and India (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Italy (X%), Japan (X%), Belgium (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), the United States (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Belgium (X p.p.), Italy (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest machinery for material treatment by heating or cooling process supplying countries worldwide were Germany ($X), China ($X) and the United States ($X), with a combined X% share of global exports. South Korea, Italy, Japan, India, Indonesia, Belgium, Turkey and Malaysia lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The global export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Imports of Cooling Towers, Vacuum-Vapour Plants, And Other Machinery for Material Treatment by Heating or Cooling Process

Imports

In 2022, approx. X units of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process were imported worldwide; waning by X% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process expanded to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of global imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X units) and Nigeria (X units) were the major importers of cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling processaround the world, together committing X% of total imports. China (X units) held the next position in the ranking, followed by Turkey (X units) and the United States (X units). All these countries together held near X% share of total imports. Germany (X units), Mexico (X units), South Korea (X units), Vietnam (X units), Indonesia (X units), Singapore (X units), Thailand (X units) and Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest machinery for material treatment by heating or cooling process importing markets worldwide were China ($X), Russia ($X) and the United States ($X), together accounting for X% of global imports. Mexico, Germany, South Korea, Turkey, Singapore, Indonesia, Taiwan (Chinese), Vietnam, Nigeria and Thailand lagged somewhat behind, together accounting for a further X%.

Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for cooling towers, vacuum-vapour plants, and other machinery for material treatment by heating or cooling process stood at $X per unit in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. Global import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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