Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait - 2022

Contents:

1. Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait (CIF) - 2022
2. Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait (FOB) - 2022
3. Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait
4. Exports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait

Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait (CIF) - 2022

In 2022, the average import price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $897 per unit, with an increase of 91% against the previous year. In general, the import price saw a significant increase. The pace of growth appeared the most rapid in 2015 an increase of 481%. Over the period under review, average import prices hit record highs at $924 per unit in 2017; however, from 2018 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 United States ($2,354 per unit), while the price for China ($376 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+119.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait (FOB) - 2022

In 2022, the average export price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $2,529 per unit, standing approx. at the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 199%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2014 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +13.9% per year.

Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait

In 2022, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kw into Kuwait dropped dramatically to 13 units, shrinking by -84.5% compared with the year before. Overall, imports faced a precipitous descent. The pace of growth was the most pronounced in 2021 when imports increased by 211%. Imports peaked at 333 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW contracted markedly to $12K in 2022. In general, imports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 448% against the previous year. Imports peaked at $62K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW to Kuwait in 2022:

1. China (7.0 units)
2. United States (2.0 units)
3. Italy (2.0 units)
4. Germany (1.0 units)
5. Costa Rica (1.0 units)

Exports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in Kuwait

In 2022, overseas shipments of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW decreased by 0% to 2 units, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2020 when exports increased by 60%. As a result, the exports attained the peak of 24 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW stood at $5.1K in 2022. Over the period under review, exports enjoyed a modest expansion. The pace of growth appeared the most rapid in 2020 with an increase of 355% against the previous year. As a result, the exports reached the peak of $22K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW from Kuwait in 2022:

1. Saudi Arabia (2.0 units)

Source: IndexBox Market Intelligence Platform