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

Contents:

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

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

The average import price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW stood at $35,557 per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of 207% against the previous year. The import price peaked at $51,334 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($46,000 per unit), while the price for the UK ($3,760 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+666.1%), 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 Vietnam (FOB) - 2022

The average export price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW stood at $22,460 per unit in 2022, with an increase of 7,166% against the previous year. Overall, the export price continues to indicate a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,031 per unit), while the average price for exports to Indonesia totaled $1,535 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+35.6%), 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 Vietnam

In 2022, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW into Vietnam shrank significantly to 21 units, declining by -55.3% compared with 2021. Over the period under review, imports showed a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports attained the peak of 47 units, and then reduced markedly in the following year.

In value terms, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW fell remarkably to $747K in 2022. In general, imports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Over the period under review, imports of reached the maximum at $2.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Vietnam (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,092592805655-15.7%
India1,02180781646.0-64.4%
FranceN/A0.5N/A29.6669.4%
Germany15.73.79.57.4-22.2%
CanadaN/AN/A0.94.8433.3%
United Kingdom9.13.17.93.8-25.3%
Belgium0.30.20.4N/A15.5%
Others18.212.525.1N/A17.4%
Total2,1561,4191,665747-29.8%

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

  1. China (16.0 units)
  2. Canada (1.0 units)
  3. India (1.0 units)
  4. France (1.0 units)
  5. United Kingdom (1.0 units)
  6. Germany (1.0 units)

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

In 2022, overseas shipments of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW decreased by -80% to 2 units for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a dramatic contraction. The exports peaked at 10 units in 2021, and then reduced sharply in the following year.

In value terms, exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW skyrocketed to $45K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Vietnam (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States101N/A1,7323,031210.8%
Indonesia51.0N/A7.01,535211.1%
France190N/A9.0N/A-78.2%
China88.0N/A4.0N/A-78.7%
Germany2,368N/A237N/A-68.4%
United Kingdom160N/A10.0N/A-75.0%
South AfricaN/AN/A17.0N/A0%
IndiaN/AN/A1,039N/A0%
Finland110N/A6.0N/A-76.6%
Singapore2,134N/A15.0N/A-91.6%
Others693N/A15.040,353287.6%
Total5,895N/A3,09144,91996.8%

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

  1. United States (1.0 units)
  2. Indonesia (1.0 units)

Source: IndexBox Market Intelligence Platform

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