Price for Floating or Submersible Drilling or Production Platforms in India - 2022

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in India (CIF) - 2022
2. Price for Floating or Submersible Drilling or Production Platforms in India (FOB) - 2022
3. Imports of Floating or Submersible Drilling or Production Platforms in India
4. Exports of Floating or Submersible Drilling or Production Platforms in India

Price for Floating or Submersible Drilling or Production Platforms in India (CIF) - 2022

The average import price for floating or submersible drilling or production platformses stood at $64,672,375 per unit in 2022, which is down by -5.5% against the previous year. In general, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 151% against the previous year. Over the period under review, average import prices hit record highs at $352,993,622 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($161,528,186 per unit), while the price for the United Arab Emirates ($41,654,960 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for floating or submersible drilling or production platformses stood at $119,683,919 per unit in 2022, growing by 59% against the previous year. In general, the export price showed a mild increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 191%. As a result, the export price reached the peak level of $273,230,215 per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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 Sri Lanka ($237,687,755 per unit), while the average price for exports to the United Arab Emirates ($48,313,743 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 the United Arab Emirates (+82.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floating or Submersible Drilling or Production Platforms in India

For the fourth year in a row, India recorded growth in supplies from abroad of floating or submersible drilling or production platformses, which increased by 200% to 9 units in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of floating or submersible drilling or production platformses surged to $582M in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 220%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to India in 2022:

1. United Arab Emirates (7.0 units)
2. South Africa (1.0 units)
3. Malaysia (1.0 units)

Exports of Floating or Submersible Drilling or Production Platforms in India

Exports of floating or submersible drilling or production platformses from India dropped rapidly to 3 units in 2022, declining by -40% compared with the previous year's figure. Overall, exports faced a deep slump. The exports peaked at 5 units in 2021, and then declined dramatically in the following year.

In value terms, exports of floating or submersible drilling or production platformses reduced to $359M in 2022. Over the period under review, exports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, the exports of attained the maximum at $749M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Sri Lanka (1.0 units)
2. Bahrain (1.0 units)
3. United Arab Emirates (1.0 units)

Source: IndexBox Market Intelligence Platform