The global export of parts of steam and vapor turbines varied significantly among countries in 2023. China led the market, contributing the highest volume but experienced a slight decline of 1.77%. Japan and Germany also contributed significantly, but both experienced reductions of 6.08% and 1.55%, respectively. Poland, with a 3.31% increase, and India, up by 2.0%, demonstrated growth. Emerging markets such as the United Arab Emirates and the Philippines saw substantial increases of 6.82% and 23.79%, respectively.
Future trends to watch include enhanced demand in emerging markets due to technological advancements and energy diversification. Additionally, geopolitical situations may influence production and export capabilities, potentially resulting in further shifts in market dynamics.
Top countries in Export of Parts of Steam and Vapour Turbines by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 37,390,000 | 2023 | -1.11% | -1.77% | View data |
| 2 | 2 Japan | 11,807,000 | 2023 | -8.52% | -6.08% | View data |
| 3 | 3 Germany | 8,978,700 | 2023 | -4.03% | -1.55% | View data |
| 4 | 4 Poland | 8,858,600 | 2023 | +1.46% | +3.31% | View data |
| 5 | 5 Italy | 7,869,600 | 2023 | -2.99% | -2.72% | View data |
| 6 | 6 India | 5,890,200 | 2023 | +4.64% | +2% | View data |
| 7 | 7 South Korea | 5,319,100 | 2023 | -3.58% | +0.028% | View data |
| 8 | 8 Czech Republic | 4,180,000 | 2023 | -0.72% | -1.79% | View data |
| 9 | 9 Austria | 4,175,100 | 2023 | -4.63% | -4.45% | View data |
| 10 | 10 Switzerland | 2,755,500 | 2023 | +2.21% | +0.64% | View data |
