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

Contents:

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

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

The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $1,290,756 per unit in 2022, surging by 3.4% against the previous year. In general, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 139%. Over the period under review, average import prices reached the peak figure at $1,400,373 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($9,527,717 per unit), while the price for the Netherlands ($7,465 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+86.1%), 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 Not Exceeding 5000kW in South Korea (FOB) - 2022

In 2022, the average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $421,013 per unit, waning by -85.1% against the previous year. Overall, the export price, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2017 an increase of 750% against the previous year. Over the period under review, the average export prices attained the maximum at $2,830,992 per unit in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,275,556 per unit), while the average price for exports to the United Arab Emirates ($9,900 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 Thailand (+114.6%), 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 South Korea

In 2022, supplies from abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs decreased by -42.6% to 27 units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. Over the period under review, imports of attained the peak figure at 47 units in 2021, and then contracted significantly in the following year.

In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs fell notably to $35M in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 174%. Over the period under review, imports of attained the maximum at $59M in 2021, and then reduced remarkably in the following year.

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

1. Japan (14.0 units)
2. United States (6.0 units)
3. Ukraine (1.0 units)
4. Canada (1.0 units)
5. Netherlands (1.0 units)
6. Czech Republic (1.0 units)
7. Singapore (1.0 units)
8. France (1.0 units)
9. Russia (1.0 units)

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

In 2022, approx. 4 units of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs were exported from South Korea; reducing by -33.3% on 2021. Over the period under review, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 200% against the previous year. Over the period under review, the exports of reached the peak figure at 8 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 not exceeding 5000kWs fell markedly to $1.7M in 2022. In general, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 1,544% against the previous year. As a result, the exports attained the peak of $17M, and then reduced notably in the following year.

Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW from South Korea in 2022:

1. Ukraine (1.0 units)
2. United States (1.0 units)
3. Canada (1.0 units)
4. United Arab Emirates (1.0 units)

Source: IndexBox Market Intelligence Platform