Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland - 2023
Contents:
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland (FOB) - 2022
- Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland (CIF) - 2022
- Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland
- Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland (FOB) - 2022
The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $41,531 per unit in 2022, falling by -86.2% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 112% against the previous year. The export price peaked at $514,723 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
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 the UK ($63,317 per unit), while the average price for exports to Belgium ($3,954 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 States (+81.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland (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 $73,790 per unit, shrinking by -24.9% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 189% against the previous year. As a result, import price attained the peak level of $912,416 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
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 ($121,083 per unit), while the price for Belgium ($21,518 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+56.7%), 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 Finland
In 2022, after two years of growth, there was decline in shipments abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs, when their volume decreased by 0% to 8 units. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 700% against the previous year. The exports peaked in 2022 and are likely to see steady 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 shrank dramatically to $332K in 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 369% against the previous year. As a result, the exports reached the peak of $2.4M, and then shrank remarkably in the following year.
| Export of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | N/A | 140 | 317 | 126.4% | |
| Slovakia | N/A | N/A | 6.0 | 0% | |
| Estonia | N/A | N/A | 5.7 | 0% | |
| Belgium | N/A | 4.3 | 4.0 | -7.0% | |
| Russia | N/A | 48.7 | N/A | 0% | |
| Switzerland | N/A | 95.2 | N/A | 0% | |
| United States | 515 | 1,923 | N/A | 273.4% | |
| Canada | N/A | 204 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 515 | 2,415 | 332 | -19.7% | |
Top Export Markets for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW from Finland in 2022:
- United Kingdom (5.0 units)
- Belgium (1.0 units)
- Slovakia (1.0 units)
- Estonia (1.0 units)
Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Finland
In 2022, approx. 3 units of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs were imported into Finland; declining by -57.1% on 2021 figures. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 75% against the previous year. Over the period under review, imports of attained the maximum at 7 units in 2021, and then reduced remarkably in the following year.
In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs contracted markedly to $221K in 2022. In general, imports saw a dramatic contraction. The smallest decline of -40.1% was in 2020. Over the period under review, imports of hit record highs at $2.7M 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 Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,092 | 499 | 12.4 | 121 | -52.0% |
| Switzerland | N/A | N/A | 96.4 | 78.8 | -18.3% |
| Belgium | N/A | 7.8 | 13.5 | 21.5 | 66.0% |
| Germany | 755 | N/A | N/A | N/A | 0% |
| United Kingdom | 244 | 60.4 | 237 | N/A | -1.4% |
| France | N/A | N/A | 1.0 | N/A | 0% |
| Czech Republic | N/A | 1,023 | N/A | N/A | 0% |
| Netherlands | 560 | N/A | N/A | N/A | 0% |
| Canada | N/A | N/A | 327 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,652 | 1,589 | 688 | 221 | -56.3% |
Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to Finland in 2022:
- United States (1.0 units)
- Switzerland (1.0 units)
- Belgium (1.0 units)
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