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

Contents:

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

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Oman (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 $2,398,699 per unit, growing by 125% against the previous year. In general, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2017 an increase of 1,162%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($6,077,155 per unit), while the average price for exports to the United States ($34,861 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 United Arab Emirates (+143.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $783,993 per unit in 2022, dropping by -25.9% against the previous year. Overall, the import price showed a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 83% against the previous year. As a result, import price reached the peak level of $1,914,889 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($1,850,541 per unit), while the price for the UK ($372 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+116.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After three years of growth, overseas shipments of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs decreased by -42.9% to 4 units in 2022. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. As a result, the exports reached the peak of 7 units, and then reduced notably in the following year.

In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs soared to $9.6M in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 168% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. United States (1.0 units)
2. Qatar (1.0 units)
3. Netherlands (1.0 units)
4. Germany (1.0 units)

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

In 2022, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kws into Oman skyrocketed to 10 units, growing by 25% compared with 2021. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 83%. As a result, imports reached the peak of 11 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 contracted to $7.8M in 2022. In general, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 44%. As a result, imports attained the peak of $15M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Qatar (2.0 units)
2. Turkey (1.0 units)
3. United States (1.0 units)
4. Netherlands (1.0 units)
5. United Arab Emirates (1.0 units)
6. Luxembourg (1.0 units)
7. United Kingdom (1.0 units)
8. Germany (1.0 units)
9. Yemen (1.0 units)

Source: IndexBox Market Intelligence Platform