Price for Floating or Submersible Drilling or Production Platforms in China - 2023

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in China (FOB) - 2022
2. Exports of Floating or Submersible Drilling or Production Platforms in China

Price for Floating or Submersible Drilling or Production Platforms in China (FOB) - 2022

In 2022, the average export price for floating or submersible drilling or production platformses amounted to $90,588,299 per unit, with an increase of 55% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The export price peaked at $123,955,493 per unit in 2020; however, from 2021 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 Singapore ($365,690,542 per unit), while the average price for exports to Ethiopia ($5,960 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 Cambodia (+109.9%), while the prices for the other major destinations experienced more modest paces of growth.

Exports of Floating or Submersible Drilling or Production Platforms in China

Exports of floating or submersible drilling or production platformses from China expanded significantly to 43 units in 2022, surging by 13% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. The exports peaked at 44 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of floating or submersible drilling or production platformses surged to $3.9B in 2022. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.8% against 2020 indices. Over the period under review, the exports of attained the maximum at $4B in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from China in 2022:

1. Singapore (6.0 units)
2. Bahrain (4.0 units)
3. Indonesia (2.0 units)
4. Norway (2.0 units)
5. Angola (1.0 units)
6. Bangladesh (1.0 units)
7. Gambia (1.0 units)
8. Zambia (1.0 units)
9. Cambodia (1.0 units)
10. Democratic Republic of the Congo (1.0 units)
11. Guyana (1.0 units)
12. Ethiopia (1.0 units)
13. Cameroon (1.0 units)

Source: IndexBox Market Intelligence Platform