Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in the UK - 2022

Contents:

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

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

In 2022, the average export price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $9,962 per unit, with a decrease of -20.5% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 37%. As a result, the export price reached the peak level of $31,458 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($14,599 per unit), while the average price for exports to Faroe Islands ($5,440 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 France (+92.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In December 2022, the average import price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $39,762 per unit, remaining constant against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2022 when the average import price increased by less than 0.1% month-to-month. As a result, import price reached the peak level of $39,769 per unit; afterwards, it flattened through to December 2022.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from India ($39,979 per unit) and China ($39,975 per unit), while the price for Spain ($39,756 per unit) and Germany ($39,760 per unit) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, the UK recorded growth in shipments abroad of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW, which increased by 4.6% to 982 units in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 445%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW shrank markedly to $9.8M in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 320% against the previous year. Over the period under review, the exports of attained the maximum at $12M in 2021, and then declined sharply in the following year.

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

1. Spain (200.0 units)
2. France (189.0 units)
3. United States (139.0 units)
4. Australia (112.0 units)
5. Japan (89.0 units)
6. Canada (52.0 units)
7. Faroe Islands (43.0 units)
8. Saudi Arabia (42.0 units)
9. Sweden (21.0 units)

Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in the UK

In 2022, approx. 225 units of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW were imported into the UK; growing by 150% against the previous year's figure. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 166% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW skyrocketed to $8.7M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 111%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. United States (132.0 units)
2. Czech Republic (30.0 units)
3. Spain (17.0 units)
4. Saudi Arabia (15.0 units)
5. Australia (6.0 units)
6. China (6.0 units)
7. France (4.0 units)

Source: IndexBox Market Intelligence Platform