Price for Turbines; Steam and Other Vapour Turbines in Sri Lanka - 2022

Contents:

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

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

In 2022, the average import price for turbines; steam and other vapour turbineses amounted to $5.7 thousand per unit, waning by -78.3% against the previous year. In general, the import price faced a significant curtailment. The pace of growth appeared the most rapid in 2018 an increase of 143% against the previous year. Over the period under review, average import prices attained the peak figure at $384 thousand per unit in 2013; however, from 2014 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 India ($63 thousand per unit), while the price for Hong Kong SAR ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+19.4%), while the prices for the other major suppliers experienced a decline.

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

The average export price for turbines; steam and other vapour turbineses stood at $6.1 thousand per unit in 2022, increasing by 1,237% against the previous year. Overall, the export price showed temperate growth. Over the period under review, the average export prices attained the peak figure at $55 thousand per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($30 thousand per unit), while the average price for exports to Maldives ($23 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 Singapore (+59.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbines; Steam and Other Vapour Turbines in Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in overseas purchases of turbines; steam and other vapour turbineses, which decreased by 0% to 19 units in 2022. Overall, imports continue to indicate a abrupt contraction. The smallest decline of -8.7% was in 2020. Over the period under review, imports of attained the peak figure at 23 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of turbines; steam and other vapour turbineses dropped dramatically to $108K in 2022. Over the period under review, imports saw a dramatic downturn. The smallest decline of -65.6% was in 2020. Imports peaked at $5.8M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Turbines; Steam and Other Vapour Turbines in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3,7981,09827262.6-74.6%
Iran49.06.561.416.5-30.4%
South Korea12896.543.311.6-55.1%
Malaysia67210923.94.9-80.6%
Austria38328.50.44.1-78.0%
China22525.29.03.8-74.3%
Japan14.528844.51.6-52.0%
Germany18330.95.70.7-84.4%
Netherlands16.24.10.70.3-73.5%
Italy28.73.45.90.2-80.9%
Hong Kong SAR0.1N/AN/AN/A0%
France13.621.33.1N/A-52.3%
Bangladesh1.60.40.1N/A-75.0%
Others32129629.12.1-81.3%
Total5,8332,008499108-73.5%

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

  1. Netherlands (1.0 units)
  2. Italy (1.0 units)
  3. Bangladesh (1.0 units)
  4. Japan (1.0 units)
  5. India (1.0 units)
  6. France (1.0 units)
  7. Malaysia (1.0 units)
  8. Austria (1.0 units)
  9. China (1.0 units)
  10. Germany (1.0 units)
  11. Iran (1.0 units)
  12. South Korea (1.0 units)
  13. Hong Kong SAR (1.0 units)

Exports of Turbines; Steam and Other Vapour Turbines in Sri Lanka

In 2022, the amount of turbines; steam and other vapour turbineses exported from Sri Lanka surged to 6 units, increasing by 50% against the previous year's figure. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of turbines; steam and other vapour turbineses skyrocketed to $37K in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Turbines; Steam and Other Vapour Turbines in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A29.50%
India16.523.61.73.8-38.7%
MalaysiaN/AN/AN/A3.00%
Singapore0.30.40.10.30.0%
China0.20.2N/A0.1-20.6%
Chile1.5N/AN/AN/A0%
United Arab EmiratesN/A0.1N/AN/A0%
Maldives0.1N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total18.524.41.836.825.8%

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

  1. Maldives (1.0 units)
  2. Singapore (1.0 units)
  3. India (1.0 units)
  4. United States (1.0 units)
  5. Malaysia (1.0 units)
  6. China (1.0 units)

Source: IndexBox Market Intelligence Platform

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