Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Norway - 2024

Contents:

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

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Norway (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 $1,599,076 per unit, with a decrease of -27% against the previous year. In general, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 133% against the previous year. Over the period under review, average import prices attained the peak figure at $2,945,138 per unit in 2020; however, from 2021 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 ($8,757,042 per unit), while the price for Poland ($474 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+406.3%), 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 Norway (FOB) - 2022

The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $972,965 per unit in 2022, which is down by -49.1% against the previous year. In general, the export price showed a mild descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 393% against the previous year. As a result, the export price reached the peak level of $3,202,110 per unit. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($2,565,003 per unit), while the average price for exports to Denmark ($14,211 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 Brazil (+30.1%), 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 Norway

Imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs into Norway amounted to 14 units in 2022, standing approx. at the previous year's figure. Over the period under review, imports continue to indicate a abrupt setback. The smallest decline of -22.2% was in 2021. Imports peaked at 18 units in 2020; however, from 2021 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 declined dramatically to $22M in 2022. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 76% against the previous year. As a result, imports reached the peak of $53M. 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 Norway in 2022:

1. France (2.0 units)
2. United States (1.0 units)
3. Italy (1.0 units)
4. Estonia (1.0 units)
5. Mexico (1.0 units)
6. Denmark (1.0 units)
7. Poland (1.0 units)
8. Singapore (1.0 units)
9. Sweden (1.0 units)
10. United Kingdom (1.0 units)
11. Austria (1.0 units)
12. Germany (1.0 units)
13. Japan (1.0 units)

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

In 2022, overseas shipments of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs decreased by 0% to 9 units, falling for the second year in a row after two years of growth. Overall, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 75% against the previous year. As a result, the exports reached the peak of 14 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs dropped dramatically to $8.8M in 2022. In general, exports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. As a result, the exports attained the peak of $32M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Brazil (1.0 units)
2. United States (1.0 units)
3. Canada (1.0 units)
4. Denmark (1.0 units)
5. Lithuania (1.0 units)
6. United Kingdom (1.0 units)
7. Germany (1.0 units)
8. Japan (1.0 units)
9. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform