Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in Nigeria - 2022
Contents:
- Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in Nigeria (CIF) - 2022
- Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in Nigeria
Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in Nigeria (CIF) - 2022
In 2022, the average import price for turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW amounted to $21,087 per unit, reducing by -49.5% against the previous year. Over the period under review, the import price faced a sharp decrease. The pace of growth was the most pronounced in 2017 an increase of 57,426%. The import price peaked at $517,735 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($39,468 per unit), while the price for China stood at $2,706 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the prices for the other major suppliers experienced a decline.
Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in Nigeria
In 2022, the amount of turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW imported into Nigeria contracted notably to 2 units, shrinking by -33.3% against 2021. In general, imports continue to indicate a significant decrease. Imports peaked at 86 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW fell sharply to $42K in 2022. Over the period under review, imports saw a sharp shrinkage. The smallest decline of -24% was in 2020. Imports peaked at $15M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.0 | 11.4 | N/A | N/A | -24.0% |
| Austria | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 15.0 | 11.4 | 0.1 | N/A | -91.8% |
Top Suppliers of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW to Nigeria in 2022:
- Austria (1.0 units)
- China (1.0 units)
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