Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Kuwait - 2022
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Kuwait (CIF) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Kuwait
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Kuwait (CIF) - 2022
The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $340,587 per unit in 2022, growing by 406% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 an increase of 9,470% against the previous year. Over the period under review, average import prices attained the peak figure at $1,108,483 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($993,478 per unit), while the price for Japan ($1,178 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+789,950.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Kuwait
Imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs into Kuwait contracted to 12 units in 2022, waning by -7.7% on the previous year's figure. In general, imports recorded a noticeable decrease. Over the period under review, imports of hit record highs at 13 units in 2021, and then reduced in the following year.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs soared to $4.1M in 2022. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 9,470%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 3.7 | 1.4 | 3,974 | 3312.5% |
| Taiwan (Chinese) | N/A | N/A | N/A | 47.4 | 0% |
| Italy | 0.7 | 59.5 | 37.0 | 41.9 | 291.2% |
| China | N/A | N/A | N/A | 7.0 | 0% |
| Spain | N/A | N/A | N/A | 3.1 | 0% |
| Czech Republic | N/A | 2.3 | 0.7 | 2.8 | 10.3% |
| United Kingdom | N/A | 0.1 | N/A | 2.6 | 409.9% |
| India | N/A | N/A | N/A | 2.1 | 0% |
| Japan | N/A | 0.3 | N/A | 1.2 | 100.0% |
| South Korea | N/A | 0.4 | 0.3 | N/A | -25.0% |
| Germany | 2.1 | 178 | 114 | N/A | 636.8% |
| Sweden | 0.2 | 19.7 | 12.4 | N/A | 687.4% |
| France | N/A | 0.1 | N/A | N/A | 0% |
| Others | 9.5 | 951 | 710 | 4.9 | -19.8% |
| Total | 12.7 | 1,215 | 876 | 4,087 | 585.3% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Kuwait in 2022:
- United States (4.0 units)
- Italy (1.0 units)
- Czech Republic (1.0 units)
- Taiwan (Chinese) (1.0 units)
- India (1.0 units)
- United Kingdom (1.0 units)
- China (1.0 units)
- Japan (1.0 units)
- Spain (1.0 units)
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