Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR - 2023
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR (CIF) - 2023
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR (FOB) - 2023
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $5.8M per unit, growing by 3.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was France ($5.8M per unit), while the price for China ($5.8M per unit) was amongst the lowest.
From July 2023 to November 2023, the most notable rate of growth in terms of prices was attained by China (+1.1%), 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 Hong Kong SAR (FOB) - 2023
The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $9.9M per unit in November 2023, increasing by 1.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In November 2023, the countries with the highest prices were China ($9.9M per unit) and France ($9.9M per unit), while the average price for exports to Singapore ($9.9M per unit) and Germany ($9.9M per unit) were amongst the lowest.
From July 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.7%), 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 Hong Kong SAR
Imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs into Hong Kong SAR declined dramatically to 5 units in 2022, with a decrease of -16.7% compared with 2021 figures. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 20%. Over the period under review, imports of hit record highs at 8 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 not exceeding 5000kWs shrank significantly to $18M in 2022. In general, imports faced a deep reduction. The growth pace was the most rapid in 2021 with an increase of 184%. Imports peaked at $27M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 3.2 | 13.8 | 5.6 | 32.3% |
| China | 23.1 | 0.9 | 5.8 | 3.5 | -46.7% |
| United States | 1.5 | 0.8 | 2.0 | 2.5 | 18.6% |
| Japan | N/A | 2.1 | N/A | 2.5 | 9.1% |
| Thailand | N/A | N/A | 0.5 | N/A | 0% |
| United Kingdom | 0.4 | N/A | N/A | N/A | 0% |
| Germany | 1.6 | 1.6 | 1.6 | N/A | 0.0% |
| Others | N/A | N/A | 0.6 | 3.9 | 550.0% |
| Total | 26.6 | 8.5 | 24.2 | 17.9 | -12.4% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to Hong Kong SAR in 2022:
- Japan (2.0 units)
- United States (1.0 units)
- China (1.0 units)
- Singapore (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs, when their volume decreased by -25% to 3 units. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +50.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Over the period under review, the exports of hit record highs at 4 units in 2021, and then dropped rapidly in the following year.
In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs shrank remarkably to $15M in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 316% against the previous year. Over the period under review, the exports of attained the peak figure at $23M in 2021, and then shrank sharply in the following year.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 4.9 | 21.4 | 11.4 | 88.6% |
| Thailand | N/A | N/A | N/A | 2.3 | 0% |
| United States | 0.4 | 0.9 | 1.3 | 0.1 | -37.0% |
| Germany | N/A | N/A | 0.1 | N/A | 0% |
| Singapore | N/A | 3.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 1.0 | 0% |
| Total | 2.1 | 8.9 | 22.7 | 14.9 | 92.2% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW from Hong Kong SAR in 2022:
- United States (1.0 units)
- Thailand (1.0 units)
- China (1.0 units)
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