Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Colombia - 2022

Contents:

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

Price for Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Colombia (CIF) - 2022

The average import price for turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs stood at $849,304 per unit in 2022, growing by 774% against the previous year. In general, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,591,250 per unit), while the price for Mexico ($522 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+84.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 6 units of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs were imported into Colombia; with a decrease of -50% compared with the previous year's figure. Over the period under review, imports saw a precipitous descent. Imports peaked at 12 units in 2021, and then shrank notably in the following year.

In value terms, imports of turbines; gas-turbines (excluding turbo-jets and turbo-propellers), of a power not exceeding 5000kWs surged to $5.1M in 2022. Overall, imports, however, posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Turbines; Gas-Turbines (Excluding Turbo-Jets and Turbo-Propellers), of A Power Not Exceeding 5000kW in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States97.91,22296.24,774265.3%
Japan29.710326.4321121.1%
China0.20.22.00.965.1%
MexicoN/AN/AN/A0.50%
New ZealandN/A25.47.1N/A-72.0%
South Korea2.18.62.6N/A11.3%
GermanyN/AN/AN/AN/A0%
United Kingdom3121,480379N/A10.2%
Russia22.936.01.7N/A-72.8%
Poland687297449N/A-19.2%
Italy0.31.30.4N/A15.5%
Ukraine26.622758.2N/A47.9%
Canada117300144N/A10.9%
Others28.4N/AN/AN/A0%
Total1,3243,7001,1665,09656.7%

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

  1. United States (3.0 units)
  2. Japan (1.0 units)
  3. China (1.0 units)
  4. Mexico (1.0 units)

Source: IndexBox Market Intelligence Platform

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