Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia - 2024
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia (FOB) - 2024
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia (CIF) - 2022
The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $4,276,803 per unit in 2022, with an increase of 4.3% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 an increase of 28%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,353,223 per unit), while the price for Japan ($2,664 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+28.3%), 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 Not Exceeding 5000kW in Australia (FOB) - 2024
In January 2024, the average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $9.9M per unit, leveling off at the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 1.7% m-o-m. Over the period under review, the average export prices reached the peak figure at $9.9M per unit in November 2023; afterwards, it flattened through to January 2024.
Average prices varied noticeably for the major foreign markets. In January 2024, the country with the highest price was the United States ($9.9M per unit), while the average price for exports to Canada ($9.9M per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+0.2%), 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 Not Exceeding 5000kW in Australia
In 2022, the amount of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs imported into Australia expanded to 25 units, with an increase of 4.2% compared with 2021 figures. Over the period under review, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4.3%. Imports peaked at 27 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs rose rapidly to $107M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.9% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.1 | 33.8 | 48.1 | 73.5 | 31.8% |
| Canada | 20.1 | 25.9 | 25.5 | 11.7 | -16.5% |
| Denmark | N/A | 5.7 | 6.1 | 5.5 | -1.8% |
| France | 5.0 | 0.4 | 4.1 | 4.6 | -2.7% |
| Singapore | 1.5 | 0.9 | N/A | 3.7 | 35.1% |
| China | 0.7 | 2.7 | N/A | 1.8 | 37.0% |
| Malaysia | N/A | N/A | N/A | 0.8 | 0% |
| India | N/A | N/A | N/A | 0.5 | 0% |
| New Zealand | 0.5 | 0.2 | 0.4 | 0.2 | -26.3% |
| Germany | 1.3 | N/A | 4.6 | N/A | 88.1% |
| Japan | N/A | N/A | N/A | N/A | 0% |
| Czech Republic | N/A | N/A | N/A | N/A | 0% |
| Netherlands | 0.1 | 0.9 | 3.1 | N/A | 456.8% |
| Others | 11.4 | 5.2 | 6.5 | 4.6 | -26.1% |
| Total | 72.8 | 75.8 | 98.4 | 107 | 13.7% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to Australia in 2022:
- United States (10.0 units)
- Canada (2.0 units)
- Denmark (2.0 units)
- Netherlands (1.0 units)
- Czech Republic (1.0 units)
- Singapore (1.0 units)
- Japan (1.0 units)
- India (1.0 units)
- France (1.0 units)
- Malaysia (1.0 units)
- China (1.0 units)
- Germany (1.0 units)
- New Zealand (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia
Exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs from Australia fell slightly to 36 units in 2022, waning by -2.7% compared with 2021 figures. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of 37 units, and then dropped slightly in the following year.
In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $25M in 2022. Overall, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 57%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.9 | 3.5 | 7.7 | 6.6 | 19.2% |
| Canada | N/A | 3.7 | 6.5 | 5.5 | 21.9% |
| United Kingdom | 0.3 | N/A | 0.1 | 3.5 | 126.8% |
| China | N/A | 0.1 | N/A | 2.1 | 358.3% |
| Papua New Guinea | N/A | N/A | 2.3 | 1.7 | -26.1% |
| Czech Republic | 2.5 | 1.0 | N/A | 1.4 | -17.6% |
| Italy | 0.6 | 2.4 | N/A | 1.1 | 22.4% |
| Netherlands | 0.4 | N/A | 2.1 | 1.0 | 35.7% |
| Thailand | N/A | N/A | N/A | 0.8 | 0% |
| France | 0.2 | 1.2 | N/A | 0.6 | 44.2% |
| New Zealand | 2.0 | 2.2 | 0.6 | 0.6 | -33.1% |
| Singapore | 9.7 | 0.3 | 0.1 | 0.2 | -72.6% |
| Spain | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 4.7 | 1.6 | 5.5 | 0.2 | -65.1% |
| Total | 24.4 | 16.0 | 25.1 | 25.3 | 1.2% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW from Australia in 2022:
- United States (12.0 units)
- Papua New Guinea (6.0 units)
- United Kingdom (5.0 units)
- Canada (3.0 units)
- Czech Republic (2.0 units)
- Netherlands (1.0 units)
- Italy (1.0 units)
- Singapore (1.0 units)
- France (1.0 units)
- China (1.0 units)
- Thailand (1.0 units)
- New Zealand (1.0 units)
- Spain (1.0 units)
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