Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Nigeria - 2022
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Nigeria (CIF) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Nigeria
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Nigeria (CIF) - 2022
In 2022, the average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs amounted to $3,158,152 per unit, reducing by -37.4% against the previous year. Overall, the import price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $5,043,691 per unit in 2021, and then shrank rapidly in the following year.
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 Malaysia ($30,657,588 per unit), while the price for Italy ($16,667 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1,751.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Nigeria
Imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs into Nigeria surged to 36 units in 2022, picking up by 157% compared with 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs soared to $114M in 2022. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Imports peaked at $137M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 107 | 17.7 | 32.2 | 38.5 | -28.9% |
| Malaysia | N/A | N/A | N/A | 30.7 | 0% |
| Switzerland | N/A | N/A | N/A | 16.4 | 0% |
| Canada | N/A | N/A | 7.3 | 5.8 | -20.5% |
| Czech Republic | N/A | N/A | 4.7 | 5.8 | 23.4% |
| Netherlands | N/A | N/A | N/A | 4.7 | 0% |
| Sweden | N/A | 9.7 | N/A | 4.6 | -31.1% |
| Germany | 8.4 | 4.3 | N/A | 4.1 | -21.3% |
| India | 7.4 | 0.2 | N/A | N/A | -97.3% |
| Italy | 8.7 | N/A | 21.2 | N/A | 56.1% |
| Others | 5.6 | 9.3 | 5.2 | 3.1 | -17.9% |
| Total | 137 | 41.3 | 70.6 | 114 | -5.9% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Nigeria in 2022:
- Switzerland (15.0 units)
- Netherlands (10.0 units)
- United States (4.0 units)
- Canada (1.0 units)
- Italy (1.0 units)
- Czech Republic (1.0 units)
- Malaysia (1.0 units)
- Sweden (1.0 units)
- Germany (1.0 units)
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