Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Azerbaijan - 2023

Contents:

  1. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Azerbaijan (CIF) - 2022
  2. Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Azerbaijan

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Azerbaijan (CIF) - 2022

In 2022, the average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $112,342 per unit, picking up by 93,219% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The import price peaked at $161,947 per unit in 2013; however, from 2014 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 the United States ($618,000 per unit), while the price for Russia amounted to $61,776 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+20.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Azerbaijan

In 2022, after three years of growth, there was significant decline in purchases abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs, when their volume decreased by -15.4% to 11 units. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. Imports peaked at 13 units in 2021, and then fell dramatically in the following year.

In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs soared to $1.2M in 2022. In general, imports, however, saw a significant increase. As a result, imports reached 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 Not Exceeding 5000kW in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia5.01.20.1618398.1%
United States46.30.10.1618137.2%
ThailandN/AN/AN/AN/A0%
Germany0.1N/AN/AN/A0%
Belgium43.89.00.2N/A-93.2%
ChinaN/AN/AN/AN/A0%
LuxembourgN/A12.8N/AN/A0%
Lithuania1.10.1N/AN/A-90.9%
Poland25.40.1N/AN/A-99.6%
Czech RepublicN/A8.5N/AN/A0%
Netherlands0.80.2N/AN/A-75.0%
Turkey0.1N/AN/AN/A0%
Ukraine5.61.2N/AN/A-78.6%
Others1.10.41.1N/A0.0%
Total13033.61.61,236111.8%

Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to Azerbaijan in 2022:

  1. Russia (10.0 units)
  2. United States (1.0 units)

Source: IndexBox Market Intelligence Platform

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