Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea - 2022

Contents:

1. Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea (FOB) - 2022
2. Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea (CIF) - 2022
3. Exports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea
4. Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea

Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea (FOB) - 2022

The average export price for turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW stood at $75 per unit in 2022, shrinking by -1.5% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 2,567% against the previous year. The export price peaked at $148,226 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +54.0% per year.

Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea (CIF) - 2022

In 2022, the average import price for turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW amounted to $1,237 per unit, reducing by -25% against the previous year. Over the period under review, the import price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when the average import price decreased by -15.6% against the previous year. The import price peaked at $1,650 per unit in 2021, and then reduced dramatically in the following year.

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 Germany ($2,398 per unit), while the price for China ($5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+60.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea

After two years of decline, shipments abroad of turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW decreased by -83.3% to 1 units in 2022. Over the period under review, exports faced a sharp shrinkage. The smallest decline of -40% was in 2020. Over the period under review, the exports of attained the maximum at 10 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW fell notably to $75 in 2022. Overall, exports recorded a precipitous decline. The pace of growth was the most pronounced in 2020 with an increase of 1,500%. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW from South Korea in 2022:

1. United States (1.0 units)

Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW in South Korea

In 2022, supplies from abroad of turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW decreased by -33.3% to 6 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a prominent increase. Over the period under review, imports of reached the maximum at 9 units in 2021, and then contracted remarkably in the following year.

In value terms, imports of turbines; hydraulic turbines and water wheels, of a power exceeding 10000kW contracted notably to $7.4K in 2022. Overall, imports, however, posted a significant increase. Over the period under review, imports of hit record highs at $15K in 2021, and then declined dramatically in the following year.

Top Suppliers of Turbines; Hydraulic Turbines and Water Wheels, of A Power Exceeding 10000kW to South Korea in 2022:

1. Germany (3.0 units)
2. United States (1.0 units)
3. China (1.0 units)
4. Italy (1.0 units)

Source: IndexBox Market Intelligence Platform