Price for Turbines; Steam and Other Vapour Turbines in South Korea - 2022
Contents:
- Price for Turbines; Steam and Other Vapour Turbines in South Korea (CIF) - 2022
- Price for Turbines; Steam and Other Vapour Turbines in South Korea (FOB) - 2022
- Imports of Turbines; Steam and Other Vapour Turbines in South Korea
- Exports of Turbines; Steam and Other Vapour Turbines in South Korea
Price for Turbines; Steam and Other Vapour Turbines in South Korea (CIF) - 2022
In 2022, the average import price for turbines; steam and other vapour turbineses amounted to $530 thousand per unit, with a decrease of -31.2% against the previous year. In general, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 25%. The import price peaked at $850 thousand per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1.8 million per unit), while the price for China ($173 thousand per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbines; Steam and Other Vapour Turbines in South Korea (FOB) - 2022
The average export price for turbines; steam and other vapour turbineses stood at $220 thousand per unit in 2022, declining by -18.9% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. Over the period under review, the average export prices reached the maximum at $450 thousand per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($757 thousand per unit), while the average price for exports to Vietnam ($19 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 Egypt (+71.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Turbines; Steam and Other Vapour Turbines in South Korea
In 2022, the amount of turbines; steam and other vapour turbineses imported into South Korea surged to 204 units, growing by 50% on 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.2% 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 +96.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of turbines; steam and other vapour turbineses expanded modestly to $108M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 42% against the previous year. As a result, imports reached the peak of $126M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Turbines; Steam and Other Vapour Turbines in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.2 | 11.5 | 15.8 | 36.1 | 57.7% |
| Japan | 44.6 | 70.5 | 49.2 | 26.8 | -15.6% |
| Poland | 1.0 | 0.3 | 3.3 | 14.3 | 142.7% |
| United States | 5.8 | 17.6 | 9.2 | 11.0 | 23.8% |
| China | 0.5 | 2.0 | 3.9 | 10.5 | 175.9% |
| Czech Republic | 8.3 | 7.9 | 6.7 | 3.6 | -24.3% |
| India | 6.5 | 3.4 | 6.1 | 3.4 | -19.4% |
| Others | 12.5 | 12.4 | 10.6 | 2.5 | -41.5% |
| Total | 88.4 | 126 | 105 | 108 | 6.9% |
Top Suppliers of Turbines; Steam and Other Vapour Turbines to South Korea in 2022:
- China (61.0 units)
- Germany (55.0 units)
- Japan (37.0 units)
- Poland (28.0 units)
- United States (6.0 units)
- Czech Republic (4.0 units)
- India (3.0 units)
Exports of Turbines; Steam and Other Vapour Turbines in South Korea
After three years of growth, overseas shipments of turbines; steam and other vapour turbineses decreased by -59.9% to 139 units in 2022. In general, exports saw a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of 347 units, and then fell rapidly in the following year.
In value terms, exports of turbines; steam and other vapour turbineses contracted notably to $31M in 2022. Over the period under review, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 99%. As a result, the exports attained the peak of $94M, and then fell markedly in the following year.
| Export of Turbines; Steam and Other Vapour Turbines in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.2 | 24.2 | 14.6 | 8.7 | -15.1% |
| Saudi Arabia | 0.6 | N/A | 0.2 | 8.3 | 140.1% |
| China | 4.1 | 8.7 | 14.6 | 4.3 | 1.6% |
| Turkey | N/A | N/A | N/A | 2.4 | 0% |
| Brazil | 1.7 | 0.7 | 2.8 | 1.7 | 0.0% |
| Indonesia | 4.6 | 0.6 | 1.9 | 1.3 | -34.4% |
| India | 0.7 | 0.5 | 2.4 | 1.3 | 22.9% |
| Canada | N/A | 0.9 | N/A | 0.5 | -25.5% |
| United States | 1.9 | 1.3 | 1.0 | 0.2 | -52.8% |
| United Arab Emirates | 5.3 | N/A | 51.7 | 0.1 | -73.4% |
| Hong Kong SAR | N/A | N/A | 1.7 | N/A | 0% |
| Vietnam | 4.3 | 8.2 | 1.4 | N/A | -42.9% |
| Others | 8.0 | 2.2 | 2.0 | 1.8 | -39.2% |
| Total | 45.3 | 47.4 | 94.3 | 30.6 | -12.3% |
Top Export Markets for Turbines; Steam and Other Vapour Turbines from South Korea in 2022:
- China (34.0 units)
- Turkey (19.0 units)
- Brazil (17.0 units)
- Japan (17.0 units)
- India (15.0 units)
- Saudi Arabia (11.0 units)
- Canada (3.0 units)
- United Arab Emirates (1.0 units)
- Indonesia (1.0 units)
- United States (1.0 units)
- Vietnam (1.0 units)
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In 2016, the global imports of steam turbine totaled X tons, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the perio...
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In 2016, the global imports of steam turbine totaled X tons, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the perio...
794
In value terms, turbines imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern remained consistent, wi...
1086
In value terms, turbines exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
1226
In 2016, the global imports of steam turbine totaled X tons, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the perio...
1147
In 2016, the global imports of steam turbine totaled X tons, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the perio...
