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

Contents:

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

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

In 2022, the average import price for turbines; steam and other vapour turbineses amounted to $19 thousand per unit, declining by -12.1% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 399%. As a result, import price attained the peak level of $454 thousand per unit. From 2015 to 2022, the average 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 China ($191 thousand per unit), while the price for Poland ($279 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+47.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for turbines; steam and other vapour turbineses stood at $77 per unit in 2022, standing approx. at the previous year. Overall, the export price showed a significant decrease. The pace of growth appeared the most rapid in 2014 an increase of 30,229% against the previous year. The export price peaked at $110 thousand per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +9.5% per year.

Imports of Turbines; Steam and Other Vapour Turbines in Ghana

In 2022, approx. 20 units of turbines; steam and other vapour turbineses were imported into Ghana; with an increase of 18% on the previous year's figure. In general, imports, however, saw a sharp descent. Imports peaked at 124 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of turbines; steam and other vapour turbineses amounted to $390K in 2022. Overall, imports, however, saw a precipitous curtailment. Over the period under review, imports of hit record highs at $33M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Netherlands (1.0 units)
2. Italy (1.0 units)
3. Bangladesh (1.0 units)
4. South Africa (1.0 units)
5. Poland (1.0 units)
6. Greece (1.0 units)
7. India (1.0 units)
8. France (1.0 units)
9. Malaysia (1.0 units)
10. China (1.0 units)
11. Belgium (1.0 units)
12. Japan (1.0 units)
13. Nigeria (1.0 units)

Exports of Turbines; Steam and Other Vapour Turbines in Ghana

In 2022, shipments abroad of turbines; steam and other vapour turbineses decreased by 0% to 1 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a dramatic downturn. The smallest decline of 99.9% was in 2020. The exports peaked at 2 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of turbines; steam and other vapour turbineses amounted to $77 in 2022. In general, exports saw a significant decrease. The smallest decline of 99.9% was in 2020. The exports peaked at $3K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform