Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan - 2023
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan (FOB) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan (CIF) - 2022
The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $687 per unit in 2022, which is down by -99.9% against the previous year. Overall, the import price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2018 an increase of 837% against the previous year. The import price peaked at $14,093,100 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +4,931.5% per year.
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan (FOB) - 2022
The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $652,311 per unit in 2022, flattening at the previous year. Overall, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2015 when the average export price decreased by -49.3% against the previous year. Over the period under review, the average export prices hit record highs at $1,328,827 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($968,514 per unit), while the average price for exports to the UK stood at $336,108 per unit.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.8%), while the prices for the other major destinations experienced a decline.
Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan
In 2022, purchases abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs decreased by -85.7% to 1 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of 7 units, and then declined rapidly in the following year.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs contracted notably to $687 in 2022. Overall, imports saw a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 187%. As a result, imports reached the peak of $70M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | N/A | 4.0 | N/A | 0% |
| Germany | 3.7 | 13.4 | 1.3 | N/A | -40.7% |
| China | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | 13.2 | 30.9 | 2.0 | N/A | -61.1% |
| France | N/A | 0.3 | N/A | N/A | 0% |
| Czech Republic | N/A | N/A | 0.4 | N/A | 0% |
| United States | 2.3 | 20.2 | 1.1 | N/A | -30.8% |
| Canada | 1.5 | 5.6 | 0.4 | N/A | -48.4% |
| Others | 3.8 | N/A | N/A | N/A | 0% |
| Total | 24.5 | 70.5 | 9.2 | N/A | -38.7% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Azerbaijan in 2022:
- China (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan
In 2022, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kws from Azerbaijan stood at 2 units, approximately equating the previous year's figure. In general, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs totaled $1.3M in 2022. Overall, exports continue to indicate a precipitous decrease. The smallest decline of 99.9% was in 2021. The exports peaked at $2.6M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | 1,788 | N/A | 969 | -26.4% | |
| United Kingdom | 822 | N/A | 336 | -36.1% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 2,609 | N/A | 1,305 | -29.3% | |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW from Azerbaijan in 2022:
- United States (1.0 units)
- United Kingdom (1.0 units)
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