Price for Floating or Submersible Drilling or Production Platforms in the UK - 2023

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in the UK (FOB) - 2022
2. Price for Floating or Submersible Drilling or Production Platforms in the UK (CIF) - 2022
3. Exports of Floating or Submersible Drilling or Production Platforms in the UK
4. Imports of Floating or Submersible Drilling or Production Platforms in the UK

Price for Floating or Submersible Drilling or Production Platforms in the UK (FOB) - 2022

The average export price for floating or submersible drilling or production platformses stood at $20,256,441 per unit in 2022, increasing by 34% against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 31,380%. Over the period under review, the average export prices attained the peak figure at $590,634,283 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($122,405,174 per unit), while the average price for exports to India ($1,473 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+146.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Floating or Submersible Drilling or Production Platforms in the UK (CIF) - 2022

In 2022, the average import price for floating or submersible drilling or production platformses amounted to $3,532,082 per unit, which is down by -95.8% against the previous year. In general, the import price, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 52,895%. Over the period under review, average import prices hit record highs at $389,328,598 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($12,346,341 per unit), while the price for Spain ($13,060 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+57.6%), while the prices for the other major suppliers experienced a decline.

Exports of Floating or Submersible Drilling or Production Platforms in the UK

In 2022, approx. 7 units of floating or submersible drilling or production platformses were exported from the UK; reducing by -53.3% on the previous year. Overall, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. As a result, the exports reached the peak of 15 units, and then shrank remarkably in the following year.

In value terms, exports of floating or submersible drilling or production platformses fell significantly to $142M in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,156%. As a result, the exports reached the peak of $1.3B. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from the UK in 2022:

1. Netherlands (1.0 units)
2. Italy (1.0 units)
3. Singapore (1.0 units)
4. United Arab Emirates (1.0 units)
5. India (1.0 units)
6. Ireland (1.0 units)
7. Norway (1.0 units)

Imports of Floating or Submersible Drilling or Production Platforms in the UK

In 2022, imports of floating or submersible drilling or production platformses into the UK skyrocketed to 5 units, jumping by 25% compared with 2021. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of floating or submersible drilling or production platformses shrank sharply to $18M in 2022. Overall, imports, however, continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 124% against the previous year. Over the period under review, imports of hit record highs at $399M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to the UK in 2022:

1. United States (1.0 units)
2. Finland (1.0 units)
3. China (1.0 units)
4. Ireland (1.0 units)
5. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform