Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates - 2022

Contents:

1. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates (CIF) - 2022
2. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates (FOB) - 2022
3. Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates
4. Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates (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 $1,833,055 per unit, dropping by -55.2% against the previous year. Over the period under review, the import price saw a abrupt contraction. The growth pace was the most rapid in 2014 when the average import price increased by 44% against the previous year. The import price peaked at $4,459,149 per unit in 2020; however, from 2021 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 France ($4,762,048 per unit), while the price for Germany ($8,195 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+118.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates (FOB) - 2022

The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs stood at $3,658,957 per unit in 2022, growing by 460% against the previous year. In general, the export price saw a strong increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,472%. The export price peaked at $12,520,342 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($9,520,749 per unit), while the average price for exports to Somalia ($149 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates

After two years of decline, overseas purchases of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs increased by 322% to 169 units in 2022. In general, imports posted a significant expansion. 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 skyrocketed to $310M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to the United Arab Emirates in 2022:

1. United States (129.0 units)
2. Netherlands (20.0 units)
3. Canada (9.0 units)
4. France (4.0 units)
5. United Kingdom (1.0 units)
6. Germany (1.0 units)

Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in the United Arab Emirates

In 2022, overseas shipments of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs decreased by -33.3% to 20 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 500%. As a result, the exports reached the peak of 30 units, and then fell notably in the following year.

In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs skyrocketed to $73M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 588%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW from the United Arab Emirates in 2022:

1. United States (7.0 units)
2. Canada (1.0 units)
3. Saudi Arabia (1.0 units)
4. Iraq (1.0 units)
5. Italy (1.0 units)
6. Czech Republic (1.0 units)
7. Qatar (1.0 units)
8. Uzbekistan (1.0 units)
9. China (1.0 units)
10. Somalia (1.0 units)
11. United Kingdom (1.0 units)
12. Bahrain (1.0 units)
13. Russia (1.0 units)

Source: IndexBox Market Intelligence Platform