Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland - 2024
Contents:
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland (CIF) - 2022
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland (FOB) - 2022
- Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland
- Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland (CIF) - 2022
In 2022, the average import price for turbo-jets, turbo-propellers and other gas turbineses amounted to $1.4 million per unit, falling by -10.3% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for turbo-jets, turbo-propellers and other gas turbineses decreased by -21.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 77% against the previous year. As a result, import price reached the peak level of $1.8 million per unit. From 2020 to 2022, the average 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 France ($4.7 million per unit), while the price for Turkey ($609 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+101.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland (FOB) - 2022
In 2022, the average export price for turbo-jets, turbo-propellers and other gas turbineses amounted to $811 thousand per unit, with an increase of 24% against the previous year. Overall, the export price posted a strong increase. The pace of growth was the most pronounced in 2013 an increase of 111% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1.9 million per unit), while the average price for exports to the United Arab Emirates ($42 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 Kazakhstan (+94,764.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland
In 2022, the amount of turbo-jets, turbo-propellers and other gas turbineses imported into Finland soared to 132 units, with an increase of 91% on the previous year. Over the period under review, imports posted a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses surged to $191M in 2022. Overall, imports, however, showed a perceptible decrease. Imports peaked at $222M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 88.9 | 29.8 | 78.9 | 71.3 | -7.1% |
| United Kingdom | 23.7 | 36.7 | 1.0 | 58.3 | 35.0% |
| France | 77.3 | 15.1 | 13.1 | 23.7 | -32.6% |
| Germany | 7.8 | 6.9 | 3.5 | 11.3 | 13.2% |
| China | 0.7 | N/A | 0.3 | 8.8 | 132.5% |
| India | 0.1 | 0.2 | 0.1 | 3.0 | 210.7% |
| Switzerland | 1.2 | 1.1 | 1.4 | 2.3 | 24.2% |
| Czech Republic | N/A | 3.8 | N/A | 1.5 | -37.2% |
| Ireland | 12.0 | 0.3 | 3.6 | 0.4 | -67.8% |
| Turkey | 2.4 | N/A | N/A | N/A | 0% |
| Others | 7.4 | 9.2 | 9.1 | 10.2 | 11.3% |
| Total | 222 | 103 | 111 | 191 | -4.9% |
Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Finland in 2022:
- China (32.0 units)
- United States (30.0 units)
- United Kingdom (29.0 units)
- France (5.0 units)
- India (4.0 units)
- Germany (3.0 units)
- Switzerland (3.0 units)
- Turkey (1.0 units)
- Czech Republic (1.0 units)
- Ireland (1.0 units)
Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland
In 2022, shipments abroad of turbo-jets, turbo-propellers and other gas turbineses decreased by -42.8% to 119 units, falling for the second consecutive year after two years of growth. In general, exports recorded a perceptible descent. The pace of growth appeared the most rapid in 2020 with an increase of 122%. As a result, the exports attained the peak of 287 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of turbo-jets, turbo-propellers and other gas turbineses dropped notably to $96M in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 104% against the previous year. The exports peaked at $136M in 2021, and then reduced markedly in the following year.
| Export of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.8 | 40.9 | 53.5 | 42.1 | 57.4% |
| United Kingdom | 0.5 | 0.4 | 20.7 | 19.7 | 240.3% |
| China | 1.1 | 6.2 | N/A | 8.6 | 98.5% |
| Russia | 18.5 | 27.1 | 15.2 | 7.6 | -25.7% |
| Canada | 0.4 | 0.7 | 4.0 | 6.4 | 152.0% |
| Switzerland | 2.5 | 0.7 | 0.8 | 3.8 | 15.0% |
| South Korea | N/A | N/A | 6.5 | 3.0 | -53.8% |
| Kazakhstan | N/A | N/A | N/A | 2.0 | 0% |
| Sweden | 0.8 | 1.8 | 2.0 | 1.8 | 31.0% |
| Bulgaria | N/A | 10.2 | 9.5 | N/A | -6.9% |
| United Arab Emirates | 7.3 | N/A | 5.5 | N/A | -13.2% |
| South Africa | N/A | 2.0 | N/A | N/A | 0% |
| Turkey | 1.0 | 7.6 | 0.1 | N/A | -68.4% |
| Others | 11.0 | 12.3 | 18.3 | 1.4 | -49.7% |
| Total | 53.9 | 110 | 136 | 96.5 | 21.4% |
Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Finland in 2022:
- United States (40.0 units)
- United Kingdom (15.0 units)
- Sweden (13.0 units)
- China (9.0 units)
- Canada (6.0 units)
- Switzerland (4.0 units)
- South Korea (4.0 units)
- Russia (4.0 units)
- Kazakhstan (3.0 units)
- United Arab Emirates (1.0 units)
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