Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland - 2023

Contents:

  1. Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland (FOB) - 2023
  2. Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland (CIF) - 2023
  3. Exports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland
  4. Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland

Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland (FOB) - 2023

The average export price for electric generators stood at $727K per unit in October 2023, growing by 43% against the previous month. In general, the export price, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 133% against the previous month. The export price peaked at $865K per unit in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was China ($225K per unit), while the average price for exports to the United States ($101K per unit) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland (CIF) - 2023

In August 2023, the average import price for electric generators amounted to $57,179 per unit, jumping by 25% against the previous month. Over the period under review, the import price, however, faced a abrupt downturn. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 456% against the previous month. As a result, import price reached the peak level of $315K per unit. From July 2023 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Slovakia ($160K per unit), while the price for Austria ($22,920 per unit) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland

In 2022, the amount of electric generators exported from Finland soared to 422 units, growing by 80% against 2021 figures. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of electric generators surged to $204M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Denmark62.872.269.350.7-6.9%
South KoreaN/A2.629.840.2293.2%
MexicoN/A0.4N/A33.5815.2%
United StatesN/AN/AN/A25.50%
Germany7.91.53.018.532.8%
ItalyN/AN/A4.016.1302.5%
Turkey6.9N/AN/A9.09.3%
China3.51.16.83.2-2.9%
Oman5.01.3N/AN/A-74.0%
Others6.82.96.37.01.0%
Total93.082.011920429.9%

Top Export Markets for Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA from Finland in 2022:

  1. Denmark (129.0 units)
  2. Germany (81.0 units)
  3. South Korea (68.0 units)
  4. United States (36.0 units)
  5. Mexico (35.0 units)
  6. Turkey (21.0 units)
  7. Italy (17.0 units)
  8. China (12.0 units)

Imports of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland

For the fourth consecutive year, Finland recorded growth in supplies from abroad of electric generators, which increased by 99% to 368 units in 2022. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of electric generators skyrocketed to $95M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA in Finland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.47.12.479.9484.6%
Austria1.83.87.56.553.4%
Romania2.22.00.82.31.5%
Estonia2.01.1N/A1.8-3.5%
Italy0.70.70.50.3-24.6%
Others3.62.52.14.03.6%
Total10.617.213.394.8107.6%

Top Suppliers of Electric Generators; AC Generators, (Alternators), of an Output Exceeding 750kVA to Finland in 2022:

  1. China (225.0 units)
  2. Austria (74.0 units)
  3. Romania (35.0 units)
  4. Italy (10.0 units)
  5. Estonia (8.0 units)

Source: IndexBox Market Intelligence Platform

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