Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Malaysia - 2023

Contents:

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

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

The average import price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW stood at $925 per unit in 2022, picking up by 200% against the previous year. Overall, the import price, however, showed a sharp curtailment. Over the period under review, average import prices hit record highs at $9,983 per unit in 2012; however, from 2013 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 New Zealand ($1,455 per unit), while the price for India amounted to $40 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+418.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $1,788 per unit, shrinking by -10% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 906% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,839 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,132 per unit), while the average price for exports to Singapore ($1 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 (+9.0%), 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 Malaysia

In 2022, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kw into Malaysia skyrocketed to 560 units, picking up by 86% against the year before. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 336%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW surged to $518K in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. New Zealand (322.0 units)
2. India (231.0 units)

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

Exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW from Malaysia contracted notably to 7 units in 2022, waning by -41.7% compared with the previous year's figure. Over the period under review, exports faced a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 100%. Over the period under review, the exports of attained the maximum at 24 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW fell markedly to $13K in 2022. Overall, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 1,912% against the previous year. Over the period under review, the exports of reached the maximum at $37K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. United States (2.0 units)
2. Singapore (1.0 units)
3. Indonesia (1.0 units)
4. United Kingdom (1.0 units)
5. Vietnam (1.0 units)
6. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform