Price for Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria - 2023
Contents:
- Price for Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria (CIF) - 2022
- Price for Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria (FOB) - 2022
- Imports of Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria
- Exports of Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria
Price for Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria (CIF) - 2022
The average import price for steam and other vapour turbines, for marine propulsia stood at $4,288 per unit in 2022, which is down by -93.4% against the previous year. Over the period under review, the import price continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 546% against the previous year. Over the period under review, average import prices hit record highs at $167,636 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($6,475 per unit), while the price for China ($514 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+22.7%), while the prices for the other major suppliers experienced a decline.
Price for Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria (FOB) - 2022
In 2022, the average export price for steam and other vapour turbines, for marine propulsia amounted to $259,444 per unit, with an increase of 5.4% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steam and other vapour turbines, for marine propulsia decreased by -14.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 81% against the previous year. As a result, the export price reached the peak level of $301,870 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +18.8% per year.
Imports of Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria
In 2022, overseas purchases of steam and other vapour turbines, for marine propulsia decreased by -92.7% to 3 units, falling for the second year in a row after two years of growth. Over the period under review, imports faced a dramatic decrease. The pace of growth was the most pronounced in 2020 when imports increased by 622%. As a result, imports attained the peak of 65 units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of steam and other vapour turbines, for marine propulsia fell significantly to $13K in 2022. Overall, imports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 950% against the previous year. As a result, imports attained the peak of $5.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 415 | 918 | 100 | 6.5 | -75.0% |
| South Africa | N/A | N/A | N/A | 5.9 | 0% |
| China | 54.8 | 2,567 | 1,539 | 0.5 | -79.1% |
| Germany | 2.2 | 11.6 | 3.0 | N/A | 16.8% |
| United Kingdom | 0.7 | 1,304 | 839 | N/A | 3362.0% |
| France | 1.4 | 8.8 | 2.7 | N/A | 38.9% |
| Japan | 10.8 | 252 | 81.7 | N/A | 175.0% |
| Others | 19.6 | 240 | 92.5 | N/A | 117.2% |
| Total | 505 | 5,302 | 2,658 | 12.9 | -70.5% |
Top Suppliers of Steam and Other Vapour Turbines, for Marine Propulsion to Nigeria in 2022:
- India (1.0 units)
- China (1.0 units)
- South Africa (1.0 units)
Exports of Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria
In 2022, exports of steam and other vapour turbines, for marine propulsia from Nigeria was estimated at 1 units, almost unchanged from 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of steam and other vapour turbines, for marine propulsia expanded rapidly to $259K in 2022. In general, exports continue to indicate a noticeable curtailment. Over the period under review, the exports of reached the peak figure at $302K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Steam and Other Vapour Turbines, for Marine Propulsion in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 302 | 273 | 246 | 259 | -5.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 302 | 273 | 246 | 259 | -5.0% |
Top Export Markets for Steam and Other Vapour Turbines, for Marine Propulsion from Nigeria in 2022:
- United States (1.0 units)
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This report provides an in-depth analysis of the steam turbine market in Nigeria.
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This report provides an in-depth analysis of the steam turbine market in Nigeria.
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This report provides an in-depth analysis of the global steam turbine market.
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In 2016, the global imports of steam turbine totaled X tons, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the perio...
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In 2016, the global imports of steam turbine totaled X tons, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the perio...
693
In value terms, turbines imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern remained consistent, wi...
982
In value terms, turbines exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
1102
In 2016, the global imports of steam turbine totaled X tons, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the perio...
1092
In 2016, the global imports of steam turbine totaled X tons, remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the perio...
