Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary - 2023
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary (CIF) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary (FOB) - 2022
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary (CIF) - 2022
In 2022, the average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs amounted to $5,828,042 per unit, declining by -39% against the previous year. Overall, the import price showed a drastic downturn. The growth pace was the most rapid in 2019 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $22,365,138 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 the United States ($6,457,278 per unit), while the price for Italy ($144,806 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-8.1%).
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power 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 exceeding 5000kWs amounted to $5,396,739 per unit, increasing by 42% against the previous year. Over the period under review, the export price showed a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 312% against the previous year. The export price peaked at $21,837,020 per unit in 2016; however, from 2017 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 Argentina ($8,939,225 per unit), while the average price for exports to the UK ($715 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 Austria (+98.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary
In 2022, the amount of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs imported into Hungary skyrocketed to 28 units, jumping by 100% compared with 2021. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 250% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs skyrocketed to $163M in 2022. Overall, imports saw tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 127%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 150 | 59.0 | 131 | 161 | 2.4% |
| Belgium | N/A | N/A | N/A | 1.5 | 0% |
| Italy | N/A | N/A | N/A | 0.3 | 0% |
| Czech Republic | N/A | N/A | 2.3 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 150 | 59.0 | 134 | 163 | 2.8% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW to Hungary in 2022:
- United States (25.0 units)
- Italy (2.0 units)
- Belgium (1.0 units)
Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary
In 2022, overseas shipments of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power exceeding 5000kWs increased by 600% to 7 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a sharp descent. The exports peaked at 25 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 exceeding 5000kWs skyrocketed to $38M in 2022. Over the period under review, exports, however, continue to indicate a sharp descent. The exports peaked at $101M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 62.7 | 12.9 | 3.8 | 28.8 | -22.8% |
| Argentina | N/A | N/A | N/A | 8.9 | 0% |
| Japan | 7.0 | N/A | N/A | N/A | 0% |
| Switzerland | N/A | N/A | N/A | N/A | 0% |
| Germany | 19.7 | N/A | N/A | N/A | 0% |
| Austria | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | N/A | N/A | 0% |
| Serbia | 11.1 | 0.1 | N/A | N/A | -99.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 101 | 13.0 | 3.8 | 37.8 | -27.9% |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Exceeding 5000kW from Hungary in 2022:
- United States (5.0 units)
- United Kingdom (1.0 units)
- Argentina (1.0 units)
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