# HS 840420 Condensers global trade data overview | Yugalinks

Reported global trade in condensers, for steam or other vapour power units reached $198.7M in 2024, with five-year annual growth of -6.3%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $366.7M | +6.7% | -0.7% |
| 2014 | $537.1M | +46.5% | +28.2% |
| 2015 | $286.5M | -46.7% | -5.9% |
| 2016 | $316.5M | +10.5% | -4.8% |
| 2017 | $192.6M | -39.2% | -29% |
| 2018 | $326.8M | +69.7% | +4.5% |
| 2019 | $275.8M | -15.6% | -4.5% |
| 2020 | $247.2M | -10.4% | +8.7% |
| 2021 | $216.4M | -12.5% | -12.8% |
| 2022 | $200.8M | -7.2% | -10% |
| 2023 | $289.0M | +43.9% | +5.3% |
| 2024 | $198.7M | -31.2% | -2.8% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Indonesia | $21.9M | -21.3% | 20 |
| USA | $15.8M | -12.2% | 25 |
| Taiwan | $13.7M | +96.7% | 16 |
| United Kingdom | $13.6M | +50.2% | 26 |
| Mongolia | $11.3M | +334% | 3 |
| India | $9.9M | +58.3% | 16 |
| Malaysia | $8.1M | -13% | 14 |
| Qatar | $6.7M | +48.5% | 5 |
| United Arab Emirates | $6.6M | +34.9% | 24 |
| Canada | $6.0M | +6.3% | 16 |
| Turkey | $5.1M | +40.1% | 11 |
| Germany | $4.5M | +19.7% | 21 |

_Source: reported merchandise trade data. Updated 2026-08-14._