Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Panama - 2023
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Panama (CIF) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Panama
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Panama (CIF) - 2022
The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $85,272 per unit in 2022, with an increase of 82% against the previous year. In general, the import price showed a significant expansion. The growth pace was the most rapid in 2020 when the average import price increased by 1,215% against the previous year. As a result, import price reached the peak level of $159,040 per unit. From 2021 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, 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 the United States amounted to +23.8% per year.
Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Panama
In 2022, the amount of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs imported into Panama plummeted to 1 units, shrinking by -83.3% on the year before. In general, imports recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. Over the period under review, imports of attained the maximum at 20 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs contracted notably to $85K in 2022. Overall, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 97%. As a result, imports reached the peak of $477K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 232 | 11.2 | 279 | 85.3 | -28.4% |
| Nicaragua | 9.7 | 0.2 | 2.0 | N/A | -54.6% |
| India | N/A | 466 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 242 | 477 | 281 | 85.3 | -29.4% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Panama in 2022:
- United States (1.0 units)
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