Price for Turbines; Steam and Other Vapour Turbines in Japan - 2024

Contents:

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

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

The average export price for turbines; steam and other vapour turbineses stood at $753 thousand per unit in 2022, with a decrease of -1.8% against the previous year. Overall, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 26%. Over the period under review, the average export prices reached the maximum at $848 thousand per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($2.7 million per unit), while the average price for exports to China ($285 thousand 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 Indonesia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for turbines; steam and other vapour turbineses amounted to $355 thousand per unit, which is down by -9.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the peak figure at $453 thousand per unit in 2020; however, from 2021 to 2022, 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 Germany ($672 thousand per unit), while the price for China ($219 thousand per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Turbines; Steam and Other Vapour Turbines in Japan

After two years of decline, overseas shipments of turbines; steam and other vapour turbineses increased by 3.3% to 866 units in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports of attained the peak figure at 1.1K 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 $652M in 2022. In general, exports, however, showed a noticeable shrinkage. Over the period under review, the exports of hit record highs at $753M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Turbines; Steam and Other Vapour Turbines in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bangladesh5.62.787.884.9147.5%
Vietnam5.342.317.080.7147.9%
Thailand39.078.057.477.925.9%
United States63.159.448.271.14.1%
China54.146.841.734.2-14.2%
Taiwan (Chinese)17.328.414.429.319.2%
South Korea44.683.053.627.2-15.2%
Hong Kong SAR2.115.714.424.8127.7%
Indonesia29211916.724.7-56.1%
Australia26.038.237.424.6-1.8%
Mexico0.10.415.022.7510.0%
India47.140.326.617.0-28.8%
Philippines7.030.237.69.08.7%
Others150136175124-6.1%
Total753721643652-4.7%

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

  1. Thailand (133.0 units)
  2. Bangladesh (130.0 units)
  3. China (120.0 units)
  4. Vietnam (105.0 units)
  5. United States (62.0 units)
  6. South Korea (43.0 units)
  7. Taiwan (Chinese) (33.0 units)
  8. Hong Kong SAR (32.0 units)
  9. Australia (31.0 units)
  10. Mexico (23.0 units)
  11. India (23.0 units)
  12. Philippines (11.0 units)
  13. Indonesia (9.0 units)

Imports of Turbines; Steam and Other Vapour Turbines in Japan

Imports of turbines; steam and other vapour turbineses into Japan reduced rapidly to 299 units in 2022, which is down by -45.7% compared with 2021. Over the period under review, imports faced a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of 551 units, and then contracted sharply in the following year.

In value terms, imports of turbines; steam and other vapour turbineses fell dramatically to $106M in 2022. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $217M, and then fell markedly in the following year.

Import of Turbines; Steam and Other Vapour Turbines in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China24.926.435.132.28.9%
South Korea29.227.226.323.6-6.9%
India61.662.710419.8-31.5%
Germany10.935.832.714.810.7%
Others54.822.018.715.8-33.9%
Total181174217106-16.3%

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

  1. China (147.0 units)
  2. South Korea (66.0 units)
  3. India (50.0 units)
  4. Germany (22.0 units)

Source: IndexBox Market Intelligence Platform

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