Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in China - 2023

Contents:

1. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in China (CIF) - 2023
2. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in China (FOB) - 2022
3. Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in China
4. Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in China

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in China (CIF) - 2023

The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $350K per unit in December 2023, falling by -40.5% against the previous month. Overall, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 59% against the previous month. Over the period under review, average import prices hit record highs at $893K per unit in April 2023; however, from May 2023 to December 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was France ($710K per unit), while the price for Canada ($146K per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+24.4%), 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 China (FOB) - 2022

The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $4,519 per unit in 2022, reducing by -97.7% against the previous year. Overall, the export price continues to indicate a precipitous decrease. The growth pace was the most rapid in 2013 when the average export price increased by 159%. As a result, the export price reached the peak level of $2,162,208 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($17,592 per unit), while the average price for exports to Vietnam ($31 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 UK (-49.8%), while the prices for the other major destinations experienced a decline.

Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in China

For the fourth year in a row, China recorded growth in purchases abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs, which increased by 28% to 41 units in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.4% against 2019 indices. 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 not exceeding 5000kWs declined to $129M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of $147M, and then dropped in the following year.

Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to China in 2022:

1. United States (13.0 units)
2. Poland (8.0 units)
3. France (8.0 units)
4. Italy (3.0 units)
5. Japan (2.0 units)
6. Ukraine (1.0 units)
7. Canada (1.0 units)
8. Czech Republic (1.0 units)
9. Singapore (1.0 units)
10. Germany (1.0 units)
11. Russia (1.0 units)

Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in China

For the fourth consecutive year, China recorded growth in overseas shipments of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs, which increased by 3,424% to 3.3K units in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs contracted significantly to $15M in 2022. Over the period under review, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. The exports peaked at $21M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW from China in 2022:

1. Nigeria (2998.0 units)
2. Singapore (242.0 units)
3. Philippines (14.0 units)
4. Vietnam (10.0 units)
5. United Kingdom (4.0 units)
6. Thailand (3.0 units)

Source: IndexBox Market Intelligence Platform