Price for Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR - 2022

Contents:

  1. Price for Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR (CIF) - 2022
  2. Price for Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR (FOB) - 2022
  3. Imports of Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR
  4. Exports of Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR

Price for Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for steam and other vapour turbines, for marine propulsia amounted to $520 per unit, with a decrease of -86.8% against the previous year. In general, the import price faced a dramatic slump. The most prominent rate of growth was recorded in 2016 an increase of 100% against the previous year. Over the period under review, average import prices reached the maximum at $117 thousand per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($1.9 thousand per unit), while the price for Thailand ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-17.2%), while the prices for the other major suppliers experienced a decline.

Price for Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for steam and other vapour turbines, for marine propulsia amounted to $819 per unit, declining by -72.3% against the previous year. Overall, the export price showed a dramatic setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 221% against the previous year. Over the period under review, the average export prices reached the peak figure at $11 thousand per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($1.1 thousand per unit), while the average price for exports to the Netherlands stood at $531 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-25.7%).

Imports of Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR

In 2022, imports of steam and other vapour turbines, for marine propulsia into Hong Kong SAR amounted to 5 units, therefore, remained relatively stable against the year before. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of steam and other vapour turbines, for marine propulsia contracted markedly to $2.6K in 2022. Overall, imports saw a precipitous curtailment. The growth pace was the most rapid in 2020 when imports increased by 12%. Imports peaked at $20K in 2021, and then declined rapidly in the following year.

Import of Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore0.76.19.71.939.5%
United Kingdom3.54.14.80.5-47.7%
United States4.53.32.50.2-64.6%
Denmark6.94.12.50.1-75.6%
Thailand0.20.20.2N/A0.0%
OthersN/AN/AN/AN/A0%
Total15.917.919.82.6-45.3%

Top Suppliers of Steam and Other Vapour Turbines, for Marine Propulsion to Hong Kong SAR in 2022:

  1. United States (1.0 units)
  2. Denmark (1.0 units)
  3. United Kingdom (1.0 units)
  4. Thailand (1.0 units)
  5. Singapore (1.0 units)

Exports of Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR

After two years of decline, overseas shipments of steam and other vapour turbines, for marine propulsia increased by 100% to 2 units in 2022. In general, exports, however, showed a sharp setback. Over the period under review, the exports of reached the peak figure at 4 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of steam and other vapour turbines, for marine propulsia reduced sharply to $1.6K in 2022. Overall, exports, however, showed a significant decrease. The exports peaked at $9.6K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Steam and Other Vapour Turbines, for Marine Propulsion in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BulgariaN/AN/AN/A1.10%
Netherlands5.61.83.00.5-55.3%
Spain3.4N/AN/AN/A0%
MozambiqueN/A3.5N/AN/A0%
France0.6N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total9.65.33.01.6-45.0%

Top Export Markets for Steam and Other Vapour Turbines, for Marine Propulsion from Hong Kong SAR in 2022:

  1. Netherlands (1.0 units)
  2. Bulgaria (1.0 units)

Source: IndexBox Market Intelligence Platform

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