Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Singapore - 2023
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Singapore (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Singapore (FOB) - 2023
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Singapore
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Singapore
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Singapore (CIF) - 2022
The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $3,962,916 per unit in 2022, falling by -2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2016 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $4,378,316 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($5,509,865 per unit) and Germany ($5,197,521 per unit), while the price for China ($4,820,679 per unit) and the United States ($4,992,167 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+148.1%), 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 Singapore (FOB) - 2023
In June 2023, the average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $9.9M per unit, flattening at the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of less than 0.1% against the previous month. The export price peaked at $9.9M per unit in April 2023; afterwards, it flattened through to June 2023.
Average prices varied noticeably for the major export markets. In June 2023, the countries with the highest prices were Germany ($9.9M per unit) and Brunei Darussalam ($9.9M per unit), while the average price for exports to Indonesia ($9.9M per unit) and China ($9.9M per unit) were amongst the lowest.
From January 2023 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.0%), 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 Singapore
In 2022, purchases abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs was finally on the rise to reach 71 units after two years of decline. In general, imports, however, faced a sharp curtailment. Over the period under review, imports of reached the maximum at 176 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $281M in 2022. Overall, imports, however, showed a sharp shrinkage. Imports peaked at $758M 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 426 | 235 | 183 | 195 | -22.9% |
| Canada | 43.4 | 14.1 | 27.8 | 27.5 | -14.1% |
| China | 200 | 63.4 | 33.2 | 19.3 | -54.1% |
| Germany | 3.4 | 14.2 | 3.6 | 10.4 | 45.2% |
| Philippines | 28.4 | 2.2 | 0.4 | 0.2 | -80.8% |
| Others | 56.7 | 28.5 | 30.9 | 29.3 | -19.8% |
| Total | 758 | 358 | 279 | 281 | -28.2% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to Singapore in 2022:
- United States (39.0 units)
- Canada (5.0 units)
- China (4.0 units)
- Germany (2.0 units)
- Philippines (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Singapore
For the third consecutive year, Singapore recorded decline in overseas shipments of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs, which decreased by -6.5% to 58 units in 2022. In general, exports faced a deep downturn. Over the period under review, the exports of hit record highs at 82 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs reduced remarkably to $269M in 2022. Overall, exports faced a abrupt contraction. The smallest decline of -13.8% was in 2021. The exports peaked at $518M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 102 | 91.9 | 72.2 | 57.1 | -17.6% |
| Japan | 90.8 | 71.2 | 41.2 | 42.5 | -22.4% |
| Hong Kong SAR | 37.2 | 86.7 | 36.6 | 23.3 | -14.4% |
| Australia | 35.1 | 17.1 | 18.8 | 20.6 | -16.3% |
| South Korea | 86.7 | 24.8 | 88.0 | 20.5 | -38.2% |
| Malaysia | 46.6 | 38.1 | 22.1 | 20.0 | -24.6% |
| Vietnam | 3.8 | 9.6 | 14.7 | 12.0 | 46.7% |
| United States | 8.1 | 6.8 | 3.9 | 8.3 | 0.8% |
| Canada | 9.9 | 7.8 | 9.1 | 7.8 | -7.6% |
| India | 14.8 | 7.1 | 5.0 | 6.5 | -24.0% |
| Poland | 2.1 | 0.2 | 2.0 | 2.8 | 10.1% |
| Czech Republic | 0.1 | 0.3 | 0.9 | 0.5 | 71.0% |
| Brunei Darussalam | 2.5 | 1.6 | N/A | 0.3 | -50.7% |
| Others | 78.6 | 68.0 | 57.2 | 46.9 | -15.8% |
| Total | 518 | 431 | 372 | 269 | -19.6% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW from Singapore in 2022:
- China (9.0 units)
- Japan (7.0 units)
- Hong Kong SAR (4.0 units)
- Australia (3.0 units)
- Malaysia (3.0 units)
- South Korea (3.0 units)
- Poland (2.0 units)
- Vietnam (2.0 units)
- Canada (1.0 units)
- Czech Republic (1.0 units)
- India (1.0 units)
- Brunei Darussalam (1.0 units)
- United States (1.0 units)
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