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

Contents:

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

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

The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $8,695,727 per unit in 2022, reducing by -8.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 33%. The export price peaked at $10,711,878 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($25,848,088 per unit), while the average price for exports to China ($3,799,833 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 Netherlands (+127.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the UK (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 $5,346,140 per unit, growing by 14% against the previous year. In general, the import price, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2017 an increase of 60%. As a result, import price reached the peak level of $10,755,234 per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($9,778,727 per unit), while the price for Ghana ($1,233 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+171.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kws from the UK was estimated at 112 units, approximately equating the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 4.7%. The exports peaked at 114 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs contracted to $974M in 2022. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. The exports peaked at $1.2B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. United States (12.0 units)
2. China (9.0 units)
3. Canada (5.0 units)
4. Netherlands (5.0 units)
5. Italy (5.0 units)
6. Czech Republic (4.0 units)
7. Ireland (4.0 units)
8. Argentina (4.0 units)
9. United Arab Emirates (3.0 units)
10. France (3.0 units)
11. India (2.0 units)
12. Nigeria (2.0 units)
13. Spain (2.0 units)

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

In 2022, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs into the UK amounted to 56 units, growing by 3.7% against 2021 figures. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 20% against the previous year. As a result, imports reached the peak of 125 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 skyrocketed to $299M in 2022. Over the period under review, imports, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, imports attained the peak of $824M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United States (17.0 units)
2. Canada (11.0 units)
3. Germany (4.0 units)
4. France (3.0 units)
5. Italy (2.0 units)
6. Ghana (1.0 units)
7. Czech Republic (1.0 units)
8. Denmark (1.0 units)
9. Greece (1.0 units)
10. China (1.0 units)
11. Colombia (1.0 units)
12. Belgium (1.0 units)
13. Argentina (1.0 units)

Source: IndexBox Market Intelligence Platform