Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hong Kong SAR - 2022
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hong Kong SAR (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hong Kong SAR (FOB) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hong Kong SAR
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hong Kong SAR
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hong Kong SAR (CIF) - 2022
The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $4,554,875 per unit in 2022, with an increase of 353% against the previous year. In general, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 665% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,712,057 per unit), while the price for China ($1,300,070 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+68.1%), 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 Hong Kong SAR (FOB) - 2022
The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $2,035,643 per unit in 2022, with an increase of 52% against the previous year. Overall, the export price showed a significant increase. The growth pace was the most rapid in 2014 an increase of 380%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.
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 China ($2,371,506 per unit), while the average price for exports to the United States stood at $1,363,916 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+58.2%), 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 Hong Kong SAR
Imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs into Hong Kong SAR soared to 13 units in 2022, picking up by 63% compared with the year before. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2020 indices. Over the period under review, imports of attained the peak figure at 15 units in 2020; however, from 2021 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 skyrocketed to $59M in 2022. Over the period under review, imports continue to indicate a significant increase. 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 Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 28.6 | 0% |
| Japan | 5.0 | 5.5 | 2.1 | 24.6 | 70.1% |
| United States | 1.7 | 3.8 | 0.4 | 3.2 | 23.5% |
| United Arab Emirates | N/A | N/A | N/A | 1.5 | 0% |
| China | 0.8 | 3.4 | 0.2 | 1.3 | 17.6% |
| South Korea | 0.5 | 0.7 | 0.2 | N/A | -36.8% |
| Belgium | 0.2 | N/A | N/A | N/A | 0% |
| France | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Singapore | 4.5 | 14.2 | 4.9 | N/A | 4.3% |
| United Kingdom | 0.5 | 0.3 | 0.1 | N/A | -55.3% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.3 | 27.9 | 8.1 | 59.2 | 64.5% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Hong Kong SAR in 2022:
- Japan (5.0 units)
- Germany (5.0 units)
- United States (1.0 units)
- China (1.0 units)
- United Arab Emirates (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs, which decreased by -57.1% to 3 units in 2022. Overall, exports saw a dramatic setback. The smallest decline of -12.5% was in 2021. Over the period under review, the exports of reached the peak figure at 13 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs reduced dramatically to $6.1M in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.3%. The exports peaked at $9.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 4.0 | 3.5 | 4.7 | 13.7% |
| United States | 1.6 | 2.2 | 1.0 | 1.4 | -4.4% |
| Spain | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | 4.7 | 1.5 | 4.3 | N/A | -4.3% |
| France | N/A | N/A | N/A | N/A | 0% |
| Philippines | N/A | N/A | N/A | N/A | 0% |
| Singapore | 0.4 | 0.9 | 0.6 | N/A | 22.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.9 | 8.6 | 9.4 | 6.1 | -14.9% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW from Hong Kong SAR in 2022:
- China (2.0 units)
- United States (1.0 units)
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