Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in India - 2023

Contents:

1. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in India (FOB) - 2023
2. Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in India (CIF) - 2023
3. Exports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in India
4. Imports of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in India

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in India (FOB) - 2023

The average export price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $9.9M per unit in November 2023, picking up by 1.7% against the previous month. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In November 2023, the countries with the highest prices were France ($9.9M per unit) and the United Arab Emirates ($9.9M per unit), while the average price for exports to Singapore ($9.9M per unit) and the United States ($9.9M per unit) were amongst the lowest.

From July 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in India (CIF) - 2023

In November 2023, the average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs amounted to $5.8M per unit, with an increase of 3.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Singapore ($5.8M per unit) and Turkey ($5.8M per unit), while the price for Vietnam ($5.8M per unit) and China ($5.8M per unit) were amongst the lowest.

From July 2023 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.8%), 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 India

In 2022, exports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kws from India shrank markedly to 11 units, waning by -21.4% on the previous year. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 7.7%. The exports peaked at 21 units in 2019; however, from 2020 to 2022, the exports 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 significantly to $58M in 2022. In general, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2021 when exports increased by 61%. The exports peaked at $121M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Canada (1.0 units)
2. United States (1.0 units)
3. Bangladesh (1.0 units)
4. Singapore (1.0 units)
5. United Arab Emirates (1.0 units)
6. Poland (1.0 units)
7. France (1.0 units)
8. United Kingdom (1.0 units)
9. Germany (1.0 units)
10. Japan (1.0 units)
11. Thailand (1.0 units)

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

In 2022, purchases abroad of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs was finally on the rise to reach 16 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep setback. Imports peaked at 19 units in 2019; however, from 2020 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 soared to $56M in 2022. Over the period under review, imports recorded a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW to India in 2022:

1. United States (3.0 units)
2. Turkey (1.0 units)
3. Canada (1.0 units)
4. Netherlands (1.0 units)
5. Singapore (1.0 units)
6. Poland (1.0 units)
7. France (1.0 units)
8. Malaysia (1.0 units)
9. Australia (1.0 units)
10. China (1.0 units)
11. Switzerland (1.0 units)
12. Thailand (1.0 units)
13. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform