Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama - 2022
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama (FOB) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama (CIF) - 2022
The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $2,748 per unit in 2022, with a decrease of -97.7% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 3,961%. As a result, import price attained the peak level of $127,081 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +43.5% per year.
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama (FOB) - 2022
The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $14,041 per unit in 2022, falling by -16.7% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 538%. As a result, the export price reached the peak level of $34,036 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($38,896 per unit), while the average price for exports to the Netherlands ($773 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 (+158.6%), 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 Not Exceeding 5000kW in Panama
For the third consecutive year, Panama recorded decline in supplies from abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs, which decreased by -85.7% to 1 units in 2022. Over the period under review, imports recorded a significant curtailment. The smallest decline of -46.7% was in 2020. Imports peaked at 30 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs fell significantly to $2.7K in 2022. In general, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 2,066%. As a result, imports attained the peak of $2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 2.7 | 0% |
| South Korea | 0.3 | N/A | N/A | N/A | 0% |
| Japan | N/A | 1.2 | 0.4 | N/A | -66.7% |
| Peru | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | 0.6 | 0.3 | N/A | -50.0% |
| Poland | 90.1 | 839 | 299 | N/A | 82.2% |
| Mexico | 0.2 | 8.3 | 3.6 | N/A | 324.3% |
| Taiwan (Chinese) | N/A | N/A | 1.5 | N/A | 0% |
| Canada | 1.2 | 1,184 | 195 | N/A | 1174.8% |
| Brazil | N/A | N/A | 345 | N/A | 0% |
| Others | 2.0 | N/A | N/A | N/A | 0% |
| Total | 93.9 | 2,033 | 844 | 2.7 | -69.4% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to Panama in 2022:
- Turkey (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama
In 2022, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kws from Panama skyrocketed to 3 units, increasing by 50% compared with the previous year's figure. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs soared to $42K in 2022. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 309% against the previous year. As a result, the exports attained the peak of $51K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.4 | 47.1 | 31.9 | 38.9 | 50.6% |
| Venezuela | 0.9 | 3.5 | 1.8 | 2.5 | 40.6% |
| Netherlands | N/A | N/A | N/A | 0.8 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.3 | 50.5 | 33.7 | 42.1 | 50.7% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW from Panama in 2022:
- United States (1.0 units)
- Netherlands (1.0 units)
- Venezuela (1.0 units)
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