Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China - 2023
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China (FOB) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China (CIF) - 2022
The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $6,699,810 per unit in 2022, rising by 13% against the previous year. In general, the import price continues to indicate a temperate expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 64%. Over the period under review, average import prices attained the peak figure at $7,276,573 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 the United States ($18,937,002 per unit), while the price for Germany ($3,990,336 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China (FOB) - 2022
In 2022, the average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs amounted to $3,905,962 per unit, waning by -7.1% against the previous year. Overall, the export price recorded a deep slump. The growth pace was the most rapid in 2015 when the average export price increased by 570% against the previous year. As a result, the export price reached the peak level of $20,731,246 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,259,877 per unit), while the average price for exports to the UK ($158,063 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 Russia (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China
In 2022, overseas purchases of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs were finally on the rise to reach 63 units after two years of decline. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports of attained the peak figure at 87 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs surged to $422M in 2022. Overall, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 30.3 | N/A | N/A | 112 | 54.6% |
| Japan | 9.9 | 33.3 | 42.9 | 93.8 | 111.6% |
| Germany | 63.6 | 17.3 | 24.6 | 63.8 | 0.1% |
| United States | 55.3 | 78.7 | 32.7 | 56.8 | 0.9% |
| Italy | 10.6 | 50.5 | 77.2 | 35.9 | 50.2% |
| Sweden | 39.8 | 7.5 | 49.3 | 28.2 | -10.8% |
| United Kingdom | 4.6 | 25.2 | 10.5 | 22.1 | 68.7% |
| Norway | 1.1 | 1.3 | N/A | N/A | 18.2% |
| Ukraine | 8.8 | N/A | N/A | N/A | 0% |
| Others | 38.2 | N/A | N/A | 9.7 | -36.7% |
| Total | 262 | 214 | 237 | 422 | 17.2% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to China in 2022:
- France (21.0 units)
- Germany (16.0 units)
- Japan (13.0 units)
- Italy (5.0 units)
- United States (3.0 units)
- United Kingdom (2.0 units)
- Sweden (2.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China
After three years of growth, overseas shipments of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs decreased by 0% to 14 units in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs contracted to $55M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 123%. As a result, the exports attained the peak of $59M, and then reduced in the following year.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 9.3 | N/A | N/A | 28.6 | 45.4% |
| Equatorial Guinea | N/A | N/A | N/A | 16.8 | 0% |
| United States | 5.5 | 17.8 | 11.8 | 7.3 | 9.9% |
| Russia | 1.3 | 8.0 | N/A | 1.4 | 2.5% |
| Iran | N/A | N/A | 47.0 | 0.5 | -98.9% |
| United Kingdom | 1.0 | 0.6 | N/A | 0.2 | -41.5% |
| Nigeria | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.2 | 26.4 | 58.8 | 54.7 | 47.1% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW from China in 2022:
- Malaysia (7.0 units)
- Equatorial Guinea (3.0 units)
- United States (1.0 units)
- Iran (1.0 units)
- United Kingdom (1.0 units)
- Russia (1.0 units)
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