China leads in the global export of parts for steam and vapor turbines, representing a significant share with 34.12 kilograms, despite a slight 1.77% decline from the previous year. Japan and Germany follow but have experienced larger decreases of 6.08% and 1.55%, respectively. Poland and India have shown growth, notably 3.31% and 2%. The Philippines and Finland have displayed remarkable growth at 23.79% and 24.2%, respectively, while Sweden and Belgium saw dramatic declines. Russia and Ukraine both experienced slight decreases, with 2.52% and 5.59%, primarily due to geopolitical issues.
Future trends to observe include:
- China's sustained dominance and potential further fluctuations in export volumes.
- The impact of geopolitical tensions on Russia and Ukraine's export capabilities.
- The continued growth potential in emerging markets like the Philippines and regions recovering from declines such as Finland.
- Monitoring technological advancements and their influence on the global supply chain, impacting countries' export shares.
Top countries in Export of Parts of Steam and Vapour Turbines Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 34.12 | 2023 | -1.11% | -1.77% | View data |
| 2 | 2 Japan | 10.77 | 2023 | -8.52% | -6.08% | View data |
| 3 | 3 Germany | 8.19 | 2023 | -4.03% | -1.55% | View data |
| 4 | 4 Poland | 8.08 | 2023 | +1.46% | +3.31% | View data |
| 5 | 5 Italy | 7.18 | 2023 | -2.99% | -2.72% | View data |
| 6 | 6 India | 5.37 | 2023 | +4.64% | +2% | View data |
| 7 | 7 South Korea | 4.85 | 2023 | -3.58% | +0.028% | View data |
| 8 | 8 Czech Republic | 3.81 | 2023 | -0.72% | -1.79% | View data |
| 9 | 9 Austria | 3.81 | 2023 | -4.63% | -4.45% | View data |
| 10 | 10 Switzerland | 2.51 | 2023 | +2.21% | +0.64% | View data |
