Price for Floating or Submersible Drilling or Production Platforms in the United States - 2023

Contents:

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

Price for Floating or Submersible Drilling or Production Platforms in the United States (CIF) - 2022

The average import price for floating or submersible drilling or production platformses stood at $215,391,594 per unit in 2022, jumping by 332% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2015 when the average import price increased by 202,602%. The import price peaked at $298,500,173 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 Singapore ($439,035,251 per unit), while the price for Austria ($31,301 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+99.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Floating or Submersible Drilling or Production Platforms in the United States (FOB) - 2022

In 2021, the average export price for floating or submersible drilling or production platformses amounted to $7,800,000 per unit, reducing by -40.4% against the previous year. In general, the export price continues to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 522% against the previous year. Over the period under review, the average export prices reached the maximum at $111,706,000 per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkmenistan ($11,000,000 per unit), while the average price for exports to Turkey amounted to $4,600,000 per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+823.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Floating or Submersible Drilling or Production Platforms in the United States

In 2022, the amount of floating or submersible drilling or production platformses imported into the United States shrank significantly to 3 units, which is down by -25% against the previous year's figure. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, imports reached the peak of 4 units, and then declined rapidly in the following year.

In value terms, imports of floating or submersible drilling or production platformses skyrocketed to $646M in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 79,250%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to the United States in 2022:

1. Austria (1.0 units)
2. South Korea (1.0 units)
3. Singapore (1.0 units)

Exports of Floating or Submersible Drilling or Production Platforms in the United States

In 2021, shipments abroad of floating or submersible drilling or production platformses decreased by -60% to 2 units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 400% against the previous year. As a result, the exports reached the peak of 5 units, and then plummeted in the following year.

In value terms, exports of floating or submersible drilling or production platformses dropped markedly to $16M in 2021. Overall, exports faced a dramatic decrease. The smallest decline of -41.4% was in 2020. Over the period under review, the exports of reached the maximum at $112M in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from the United States in 2022:

1. Turkey (1.0 units)
2. Turkmenistan (1.0 units)

Source: IndexBox Market Intelligence Platform