Price for Turbines; Steam and Other Vapour Turbines in Canada - 2023

Contents:

1. Price for Turbines; Steam and Other Vapour Turbines in Canada (CIF) - 2022
2. Price for Turbines; Steam and Other Vapour Turbines in Canada (FOB) - 2022
3. Imports of Turbines; Steam and Other Vapour Turbines in Canada
4. Exports of Turbines; Steam and Other Vapour Turbines in Canada

Price for Turbines; Steam and Other Vapour Turbines in Canada (CIF) - 2022

The average import price for turbines; steam and other vapour turbineses stood at $838 thousand per unit in 2022, with an increase of 99% against the previous year. Overall, the import price continues to indicate slight growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 110% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Japan ($1.5 million per unit), while the price for Malaysia ($45 thousand per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+188.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbines; Steam and Other Vapour Turbines in Canada (FOB) - 2022

In 2022, the average export price for turbines; steam and other vapour turbineses amounted to $466 thousand per unit, which is down by -16.5% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 38%. The export price peaked at $1.1 million per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 ($674 thousand per unit), while the average price for exports to Croatia ($266 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 (+84.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbines; Steam and Other Vapour Turbines in Canada

Imports of turbines; steam and other vapour turbineses into Canada shrank rapidly to 90 units in 2022, reducing by -54.1% on the previous year's figure. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 151%. As a result, imports reached the peak of 196 units, and then declined dramatically in the following year.

In value terms, imports of turbines; steam and other vapour turbineses dropped to $75M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports reached the peak of $82M, and then reduced in the following year.

Top Suppliers of Turbines; Steam and Other Vapour Turbines to Canada in 2022:

1. United States (34.0 units)
2. Germany (8.0 units)
3. United Kingdom (7.0 units)
4. Japan (5.0 units)
5. Malaysia (4.0 units)
6. Netherlands (3.0 units)
7. Poland (2.0 units)
8. Sweden (2.0 units)
9. South Korea (2.0 units)
10. Czech Republic (1.0 units)
11. India (1.0 units)
12. France (1.0 units)

Exports of Turbines; Steam and Other Vapour Turbines in Canada

In 2022, after three years of growth, there was significant decline in overseas shipments of turbines; steam and other vapour turbineses, when their volume decreased by -50% to 30 units. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. As a result, the exports attained the peak of 60 units, and then shrank remarkably in the following year.

In value terms, exports of turbines; steam and other vapour turbineses reduced sharply to $14M in 2022. Over the period under review, exports, however, recorded a slight increase. The growth pace was the most rapid in 2021 when exports increased by 156% against the previous year. As a result, the exports reached the peak of $33M, and then fell significantly in the following year.

Top Export Markets for Turbines; Steam and Other Vapour Turbines from Canada in 2022:

1. United States (12.0 units)
2. France (6.0 units)
3. Algeria (2.0 units)
4. China (2.0 units)
5. Australia (1.0 units)
6. Mexico (1.0 units)
7. Cuba (1.0 units)
8. Albania (1.0 units)
9. Germany (1.0 units)
10. Chile (1.0 units)
11. Thailand (1.0 units)
12. Croatia (1.0 units)

Source: IndexBox Market Intelligence Platform