Price for Turbines; Steam and Other Vapour Turbines in Iran - 2022

Contents:

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

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

In 2022, the average export price for turbines; steam and other vapour turbineses amounted to $175 thousand per unit, with a decrease of -21.3% against the previous year. Overall, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 97% against the previous year. As a result, the export price attained the peak level of $677 thousand per unit. From 2017 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Iraq amounted to -23.8% per year.

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

The average import price for turbines; steam and other vapour turbineses stood at $273 thousand per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 67% against the previous year. As a result, import price attained the peak level of $555 thousand per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($1.1 million per unit), while the price for Sweden ($56 thousand per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Turbines; Steam and Other Vapour Turbines in Iran

For the fourth consecutive year, Iran recorded growth in shipments abroad of turbines; steam and other vapour turbineses, which increased by 22% to 710 units in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 209% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of turbines; steam and other vapour turbineses contracted slightly to $124M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 160% against the previous year. As a result, the exports reached the peak of $134M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Turbines; Steam and Other Vapour Turbines in Iran (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iraq50.413412912435.0%
Others1.30.30.30.4-32.5%
Total51.713412912433.9%

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

  1. Iraq (701.0 units)

Imports of Turbines; Steam and Other Vapour Turbines in Iran

After two years of decline, supplies from abroad of turbines; steam and other vapour turbineses increased by 63% to 132 units in 2022. In general, imports, however, continue to indicate a significant decrease. Over the period under review, imports of reached the peak figure at 922 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of turbines; steam and other vapour turbineses soared to $36M in 2022. Overall, imports, however, continue to indicate a dramatic slump. Imports peaked at $240M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Turbines; Steam and Other Vapour Turbines in Iran (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates18411714.221.1-51.4%
China4.48.90.53.9-3.9%
Japan11.910.51.62.6-39.8%
Italy4.34.20.92.3-18.8%
France1.50.80.20.3-41.5%
Spain0.62.30.10.2-30.7%
Others32.729.54.95.6-44.5%
Total24017322.236.0-46.9%

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

  1. United Arab Emirates (82.0 units)
  2. Japan (14.0 units)
  3. China (4.0 units)
  4. Italy (2.0 units)
  5. France (2.0 units)
  6. Spain (2.0 units)

Source: IndexBox Market Intelligence Platform

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