Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria - 2022
Contents:
- Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria (CIF) - 2022
- Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria (FOB) - 2022
- Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria
- Exports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria
Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria (CIF) - 2022
In 2022, the average import price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $14,754 per unit, jumping by 111% against the previous year. Over the period under review, the import price enjoyed significant growth. The pace of growth was the most pronounced in 2013 an increase of 405% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +112.1% per year.
Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria (FOB) - 2022
In 2022, the average export price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $2,668 per unit, surging by 12% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 18,397%. As a result, the export price reached the peak level of $38,243 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Ghana.
From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to -12.1% per year.
Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria
In 2022, supplies from abroad of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW decreased by -75% to 3 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a precipitous curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year. As a result, imports attained the peak of 18 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW declined sharply to $44K in 2022. Overall, imports saw a precipitous slump. The smallest decline of -4.8% was in 2020. Over the period under review, imports of reached the peak figure at $200K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 60.7 | 20.3 | N/A | 44.3 | -10.0% |
| Norway | 12.6 | 9.9 | 0.4 | N/A | -82.2% |
| Japan | 68.3 | 74.4 | 2.8 | N/A | -79.8% |
| Belgium | 0.9 | 0.7 | N/A | N/A | -22.2% |
| Germany | 5.4 | 3.6 | 0.1 | N/A | -86.4% |
| China | 24.7 | 55.2 | 0.5 | N/A | -85.8% |
| Switzerland | 0.2 | 0.1 | N/A | N/A | -50.0% |
| United Kingdom | 0.8 | 3.2 | 0.1 | N/A | -64.6% |
| France | 4.7 | 1.8 | 0.1 | N/A | -85.4% |
| Italy | 0.9 | 2.8 | 0.1 | N/A | -66.7% |
| United States | 1.9 | 6.2 | 0.4 | N/A | -54.1% |
| Canada | 16.6 | 12.1 | 0.5 | N/A | -82.6% |
| Others | 2.2 | N/A | 79.0 | N/A | 499.2% |
| Total | 200 | 190 | 84.1 | 44.3 | -39.5% |
Top Suppliers of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW to Nigeria in 2022:
- India (3.0 units)
Exports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria
Exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW from Nigeria amounted to 1 units in 2022, flattening at 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW rose notably to $2.7K in 2022. Overall, exports continue to indicate a abrupt decline. The exports peaked at $3.7K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 3.7 | 3.0 | 2.4 | 2.7 | -10.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.7 | 3.0 | 2.4 | 2.7 | -10.0% |
Top Export Markets for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW from Nigeria in 2022:
- Ghana (1.0 units)
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