EU: Steam Turbine Market 2024

Steam Turbine Market Size in the EU

In 2022, the EU steam turbine market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Steam Turbine Production in the EU

In value terms, steam turbine production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Steam Turbine Exports

Exports in the EU

After three years of decline, shipments abroad of steam turbines and other vapor turbines increased by X% to X units in 2022. Over the period under review, exports, however, saw a precipitous descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, steam turbine exports reduced to $X in 2022. In general, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Italy (X units) and the Czech Republic (X units) represented roughly X% of total exports in 2022. It was distantly followed by France (X units), achieving a X% share of total exports. The following exporters - Belgium (X units), Slovakia (X units) and Sweden (X units) - each reached a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Germany ($X), the Czech Republic ($X) and Italy ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, reducing by X% against the previous year. Overall, the export price, however, recorded a significant expansion. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then fell notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Steam Turbine Imports

Imports in the EU

After two years of growth, purchases abroad of steam turbines and other vapor turbines decreased by X% to X units in 2022. In general, imports showed a significant decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, steam turbine imports skyrocketed to $X in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units), followed by Germany (X units), France (X units), Italy (X units), Spain (X units), Portugal (X units), Bulgaria (X units) and Slovenia (X units) represented the largest importers of steam turbines and other vapor turbines, together making up X% of total imports. The following importers - Romania (X units), the Netherlands (X units), Ireland (X units), Finland (X units) and Lithuania (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovenia ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Italy, Germany, Portugal, Bulgaria, Spain, Lithuania, Romania, Finland, the Netherlands and Ireland lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bulgaria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovenia ($X per unit), while Ireland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform