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

Contents:

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

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hungary (CIF) - 2022

The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $5,906 per unit in 2022, which is down by -59.8% against the previous year. Overall, the import price continues to indicate a sharp slump. The most prominent rate of growth was recorded in 2018 an increase of 26,767%. As a result, import price reached the peak level of $164,853 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($6,142 per unit), while the price for the Czech Republic ($262 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+23.2%), while the prices for the other major suppliers experienced a decline.

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hungary (FOB) - 2022

In 2022, the average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $4,695 per unit, dropping by -70% against the previous year. In general, the export price, however, posted significant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 302,899% against the previous year. As a result, the export price attained the peak level of $1,048,376 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($9,115 per unit), while the average price for exports to the UK stood at $274 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+8.3%), 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 Hungary

Imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs into Hungary surged to 34 units in 2022, increasing by 55% on the year before. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 493,771%. As a result, imports attained the peak of 35K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs reduced markedly to $201K in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 91,908%. As a result, imports reached the peak of $14M. 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 Not Exceeding 5000kW in Hungary (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
CanadaN/AN/A0.20.20.0%
United StatesN/A13.70.1N/A-99.3%
Czech RepublicN/AN/AN/AN/A0%
IsraelN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
TotalN/A13.80.30.2-88.0%

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

  1. Canada (31.0 units)
  2. Israel (2.0 units)
  3. Czech Republic (1.0 units)

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

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 -80% to 2 units. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 300% against the previous year. Over the period under review, the exports of hit record highs at 10 units in 2021, and then declined markedly in the following year.

In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs declined markedly to $9.4K in 2022. Overall, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 12,663%. As a result, the exports reached the peak of $157K, and then dropped rapidly in the following year.

Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IsraelN/AN/AN/A9.10%
United KingdomN/AN/A1550.3-99.8%
China21.2N/AN/AN/A0%
AustriaN/A1.21.2N/A0.0%
OthersN/AN/AN/AN/A0%
Total21.21.21579.4-23.7%

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

  1. United Kingdom (1.0 units)
  2. Israel (1.0 units)

Source: IndexBox Market Intelligence Platform

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