Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore - 2022
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore (FOB) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore (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 $3,625,606 per unit, jumping by 36% against the previous year. Overall, the import price continues to indicate a perceptible expansion. The growth pace was the most rapid in 2018 an increase of 76%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($30,029,958 per unit), while the price for Germany ($308,685 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+55.6%), 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 Singapore (FOB) - 2022
The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $2,015,069 per unit in 2022, increasing by 52% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 ($3,978,415 per unit), while the average price for exports to Brazil ($1,760 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 the United Arab Emirates (+131.8%), 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 Singapore
In 2022, overseas purchases of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs decreased by -29.1% to 73 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. As a result, imports reached the peak of 171 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs shrank to $265M in 2022. Overall, imports saw a deep reduction. Over the period under review, imports of reached the maximum at $333M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 178 | 125 | 92.0 | 180 | 0.4% |
| Canada | 13.7 | 15.2 | 8.9 | 27.0 | 25.4% |
| Japan | 0.2 | 0.4 | 1.1 | 13.2 | 304.1% |
| Germany | 5.5 | 14.8 | N/A | 7.7 | 11.9% |
| Hungary | N/A | 2.1 | N/A | 6.4 | 74.6% |
| United Kingdom | 37.7 | 13.7 | 55.2 | 4.9 | -49.3% |
| Italy | 38.4 | 46.3 | 36.1 | 2.3 | -60.9% |
| Malaysia | N/A | 0.1 | 0.5 | 0.6 | 144.9% |
| Papua New Guinea | 8.3 | 4.2 | 2.1 | N/A | -49.7% |
| Netherlands | 22.2 | 24.1 | 26.9 | N/A | 10.1% |
| Others | 28.9 | 64.4 | 52.3 | 22.3 | -8.3% |
| Total | 333 | 310 | 275 | 265 | -7.3% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Singapore in 2022:
- Germany (25.0 units)
- Japan (14.0 units)
- Canada (13.0 units)
- United States (6.0 units)
- Hungary (5.0 units)
- Italy (2.0 units)
- Malaysia (2.0 units)
- United Kingdom (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore
In 2022, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kws from Singapore contracted significantly to 119 units, shrinking by -19.6% on 2021. In general, exports saw a dramatic setback. The smallest decline of -17.6% was in 2020. Over the period under review, the exports of reached the peak figure at 279 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs soared to $240M in 2022. Over the period under review, exports showed a deep reduction. Over the period under review, the exports of reached the maximum at $410M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 64.8 | 53.6 | 54.9 | 99.3 | 15.3% |
| United States | 142 | 42.4 | 24.7 | 31.8 | -39.3% |
| Australia | 0.4 | 4.2 | 5.6 | 11.6 | 207.2% |
| Italy | 3.3 | 4.3 | 3.4 | 9.0 | 39.7% |
| Myanmar | 0.9 | 3.2 | 4.4 | 8.0 | 107.1% |
| Brunei Darussalam | 2.0 | 21.7 | 3.5 | 7.8 | 57.4% |
| China | 10.4 | 44.5 | 1.3 | 6.0 | -16.8% |
| United Arab Emirates | 16.5 | 30.0 | 8.5 | 5.5 | -30.7% |
| Papua New Guinea | 26.0 | 9.7 | 3.7 | 5.0 | -42.3% |
| Czech Republic | 0.4 | 0.8 | 2.0 | 2.7 | 89.0% |
| Finland | N/A | N/A | N/A | 2.3 | 0% |
| India | 1.1 | 0.3 | 0.3 | 1.9 | 20.0% |
| Brazil | N/A | N/A | N/A | N/A | 0% |
| Others | 142 | 135 | 83.5 | 48.9 | -29.9% |
| Total | 410 | 350 | 196 | 240 | -16.3% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW from Singapore in 2022:
- Malaysia (56.0 units)
- United States (8.0 units)
- China (8.0 units)
- India (6.0 units)
- Czech Republic (5.0 units)
- Italy (4.0 units)
- Australia (3.0 units)
- Myanmar (3.0 units)
- United Arab Emirates (3.0 units)
- Brunei Darussalam (3.0 units)
- Papua New Guinea (3.0 units)
- Brazil (2.0 units)
- Finland (2.0 units)
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