The global export of auxiliary plants for steam or vapour generating boilers in 2023 was dominated by China, holding a substantial share of 45.18%. Despite a slight decrease of 0.62% in 2023, China remains the leader. South Korea experienced significant growth with a 15.97% increase, showing strong market momentum. Other notable increases included Malaysia's 28.21% rise, and Croatia's 14.1% growth. In contrast, Finland and Belarus saw significant declines of 18.56% and 34.66%, respectively. European countries like Italy, Germany, and the Netherlands maintained stable positions, but some faced slight declines.
Future trends to watch include the potential for further growth in Asian markets, especially in South Korea and Malaysia, due to their burgeoning industrial sectors. The sustainability and environmental regulations might influence European exports' strategies, with potential shifts towards greener technologies. Meanwhile, geopolitical factors could impact the dynamics in regions like Russia and Belarus, affecting export capabilities.
Top countries in Export of Auxiliary Plant for Steam or Vapour Generating Boilers Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 45.18 | 2023 | -0.4% | -0.62% | View data |
| 2 | 2 Italy | 11.16 | 2023 | -0.28% | -0.97% | View data |
| 3 | 3 Germany | 5.66 | 2023 | -1.01% | +0.96% | View data |
| 4 | 4 South Korea | 5.57 | 2023 | -2.87% | +15.97% | View data |
| 5 | 5 Netherlands | 4.03 | 2023 | +3.09% | +4.99% | View data |
| 6 | 6 Canada | 3.45 | 2023 | +2.13% | +3.02% | View data |
| 7 | 7 India | 3.19 | 2023 | +4.19% | +1.89% | View data |
| 8 | 8 United Kingdom | 3.18 | 2023 | -1.85% | -1.59% | View data |
| 9 | 9 United States | 3.04 | 2023 | -9.26% | +0.095% | View data |
| 10 | 10 Japan | 2.42 | 2023 | -5.86% | -1.5% | View data |
