The global export of auxiliary plants for steam or vapour generating boilers is predominantly led by China, accounting for over 65% of the share, with a slight annual growth of 1.06%. South Korea and Italy also hold significant shares, experiencing growth of 5.34% and 1.75%, respectively. Notably, Malaysia and Thailand have seen remarkable year-on-year growth rates of 69.62% and 102.89%. In contrast, the United States, Germany, and Russia saw declines in their export shares. Over the past five years, the compound annual growth rate (CAGR) reflects varying trends among countries, with China steadily maintaining its dominant position while others exhibit mixed performances.
Looking ahead, global market dynamics may shift with increasing innovation and green energy initiatives potentially impacting the demand and technology in steam or vapour generating boilers. Emerging markets, technological advancements, and geopolitical factors are key areas to monitor for future realignment in the export landscape.
Top countries in Export of Auxiliary Plant for Steam or Vapour Generating Boilers Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 65.2 | 2023 | +1.55% | +1.06% | View data |
| 2 | 2 South Korea | 6.66 | 2023 | -4% | +5.34% | View data |
| 3 | 3 Italy | 6.33 | 2023 | +1.7% | +1.75% | View data |
| 4 | 4 India | 3.66 | 2023 | +4.61% | +1.65% | View data |
| 5 | 5 Estonia | 1.88 | 2023 | +1.37% | +2.38% | View data |
| 6 | 6 Germany | 1.79 | 2023 | -4.09% | -1.7% | View data |
| 7 | 7 Malaysia | 1.02 | 2023 | +3.16% | +69.62% | View data |
| 8 | 8 United States | 0.94 | 2023 | -11.53% | -3.24% | View data |
| 9 | 9 Japan | 0.84 | 2023 | -6.36% | +0.78% | View data |
| 10 | 10 Russia | 0.79 | 2023 | -6.74% | -1.56% | View data |
