Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR - 2022

Contents:

1. Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR (CIF) - 2022
2. Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR (FOB) - 2022
3. Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR
4. Exports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR

Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $6 thousand per unit, with an increase of 36% against the previous year. In general, the import price saw a measured expansion. The growth pace was the most rapid in 2020 when the average import price increased by 435% against the previous year. Over the period under review, average import prices reached the peak figure at $12 thousand per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($32 thousand per unit), while the price for Singapore ($1.1 thousand per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+55.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR (FOB) - 2022

The average export price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW stood at $691 per unit in 2022, jumping by 158% against the previous year. Over the period under review, the export price, however, saw a deep downturn. Over the period under review, the average export prices hit record highs at $2.8 thousand per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($680 per unit), while the average price for exports to Chile ($264 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 Germany (+73.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR

In 2022, overseas purchases of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW decreased by -35.7% to 9 units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 100% against the previous year. As a result, imports attained the peak of 20 units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW contracted to $54K in 2022. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 970%. As a result, imports reached the peak of $70K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW to Hong Kong SAR in 2022:

1. France (2.0 units)
2. United States (1.0 units)
3. Netherlands (1.0 units)
4. Italy (1.0 units)
5. Singapore (1.0 units)
6. United Kingdom (1.0 units)
7. China (1.0 units)
8. Japan (1.0 units)

Exports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Hong Kong SAR

Exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW from Hong Kong SAR surged to 67 units in 2022, growing by 1,017% on the previous year. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW soared to $46K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW from Hong Kong SAR in 2022:

1. Indonesia (58.0 units)
2. Malaysia (6.0 units)
3. Romania (1.0 units)
4. Chile (1.0 units)

Source: IndexBox Market Intelligence Platform