Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana - 2023

Contents:

  1. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana (CIF) - 2022
  2. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana (FOB) - 2022
  3. Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana
  4. Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana (CIF) - 2022

In 2022, the average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs amounted to $11 thousand per unit, reducing by -97.1% against the previous year. Over the period under review, the import price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 694,870%. Over the period under review, average import prices hit record highs at $1.7 million per unit in 2014; however, from 2015 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 France ($52 thousand per unit), while the price for Germany ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+163.8%), 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 Ghana (FOB) - 2022

The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $73 per unit in 2022, which is down by 99.9% against the previous year. Overall, the export price faced a sharp slump. The pace of growth appeared the most rapid in 2015 a decrease of -14%. Over the period under review, the average export prices hit record highs at $323 thousand per unit in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($145 per unit), while the average price for exports to Germany amounted to $1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-39.9%).

Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana

In 2022, overseas purchases of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs decreased by -36.4% to 7 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports faced a sharp descent. Imports peaked at 35 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs shrank dramatically to $74K in 2022. Over the period under review, imports continue to indicate a sharp decline. Imports peaked at $7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France3,431N/A3,15552.2-75.2%
United States935N/A27812.2-76.5%
Italy2,530N/A4977.5-85.6%
United Kingdom151N/A1462.2-75.6%
SpainN/AN/AN/AN/A0%
Germany0.1N/AN/AN/A0%
South Africa0.1N/A0.1N/A0.0%
OthersN/AN/A0.4N/A0%
Total7,047N/A4,07574.1-78.1%

Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Ghana in 2022:

  1. United States (1.0 units)
  2. Italy (1.0 units)
  3. South Africa (1.0 units)
  4. France (1.0 units)
  5. United Kingdom (1.0 units)
  6. Germany (1.0 units)
  7. Spain (1.0 units)

Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana

Exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs from Ghana dropped markedly to 2 units in 2022, waning by -33.3% against 2021 figures. Overall, exports showed a sharp contraction. Over the period under review, the exports of hit record highs at 3 units in 2021, and then contracted significantly in the following year.

In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs shrank rapidly to $146 in 2022. In general, exports recorded a dramatic curtailment. The exports peaked at $968K in 2021, and then dropped remarkably in the following year.

Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Ghana (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
United Kingdom2660.1-100.0%
Belgium59.1N/A0%
GermanyN/AN/A0%
United States567N/A0%
Others75.7N/A0%
Total9680.1-100.0%

Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW from Ghana in 2022:

  1. United Kingdom (1.0 units)
  2. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform

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