Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Libya - 2022
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Libya (CIF) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Libya
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Libya (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 $1.9 million per unit, growing by 30% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 137% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3.4 million per unit), while the price for the UK ($89 thousand 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 (+79.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Libya
For the fourth year in a row, Libya recorded growth in purchases abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs, which increased by 21% to 17 units in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs surged to $32M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 256%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Libya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 4.6 | 10.0 | 15.8 | 129.9% |
| Germany | 0.9 | 3.2 | 8.7 | 11.4 | 133.1% |
| Italy | 0.1 | 0.3 | 1.0 | 3.4 | 224.0% |
| Netherlands | N/A | 0.1 | 0.3 | 0.9 | 200.0% |
| Sweden | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.4 | 8.5 | 20.3 | 32.1 | 137.4% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Libya in 2022:
- United States (7.0 units)
- Germany (6.0 units)
- Netherlands (1.0 units)
- Italy (1.0 units)
- United Kingdom (1.0 units)
- Sweden (1.0 units)
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