Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria - 2022
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria (FOB) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria (CIF) - 2022
In 2022, the average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $390,467 per unit, rising by 23% against the previous year. In general, the import price, however, saw a pronounced contraction. The growth pace was the most rapid in 2016 when the average import price increased by 460% against the previous year. Over the period under review, average import prices hit record highs at $1,515,691 per unit in 2019; however, from 2020 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 the Czech Republic ($1,766,841 per unit), while the price for Belgium ($969 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+72.0%), 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 Nigeria (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 $300,133 per unit, falling by -5.5% against the previous year. Overall, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2015 an increase of 687% against the previous year. The export price peaked at $388,485 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($509,794 per unit), while the average price for exports to the United States ($1,221 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 Czech Republic (+48.7%), 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 Nigeria
In 2022, after two years of decline, there was significant growth in purchases abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs, when their volume increased by 154% to 33 units. Over the period under review, imports saw significant growth. 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 surged to $13M in 2022. In general, imports, however, showed a precipitous contraction. Imports peaked at $29M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 9.0 | 0% |
| Czech Republic | 4.9 | 0.2 | 1.2 | 1.8 | -28.4% |
| India | N/A | N/A | N/A | 1.2 | 0% |
| Canada | 0.6 | 0.4 | 0.7 | 0.9 | 14.5% |
| United States | 16.4 | 3.1 | 1.8 | 0.1 | -81.7% |
| Germany | 0.1 | N/A | N/A | N/A | 0% |
| Belgium | 0.1 | N/A | N/A | N/A | 0% |
| China | N/A | N/A | N/A | N/A | 0% |
| France | 3.0 | 0.3 | N/A | N/A | -90.0% |
| Italy | 2.5 | 0.2 | N/A | N/A | -92.0% |
| Netherlands | 0.5 | N/A | 0.1 | N/A | -55.3% |
| Others | 0.7 | 0.2 | 0.1 | N/A | -62.2% |
| Total | 28.8 | 4.5 | 4.1 | 12.9 | -23.5% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to Nigeria in 2022:
- Switzerland (18.0 units)
- India (11.0 units)
- Canada (1.0 units)
- Czech Republic (1.0 units)
- United States (1.0 units)
- Belgium (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria
In 2022, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs from Nigeria surged to 3 units, rising by 50% on 2021. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +50.0% against 2019 indices. 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 skyrocketed to $900K in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 682%. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 149 | 132 | 634 | 510 | 50.7% |
| Slovenia | N/A | N/A | N/A | 389 | 0% |
| United States | 0.5 | 0.4 | 1.8 | 1.2 | 33.9% |
| Canada | N/A | 1,033 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 149 | 1,165 | 635 | 900 | 82.1% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW from Nigeria in 2022:
- United States (1.0 units)
- Slovenia (1.0 units)
- United Kingdom (1.0 units)
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