Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in the Philippines - 2023
Contents:
- Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in the Philippines (CIF) - 2022
- Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in the Philippines
Price for Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in the Philippines (CIF) - 2022
In 2022, the average import price for turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW amounted to $9,311 per unit, dropping by -31.7% against the previous year. Overall, the import price, however, recorded a strong increase. The pace of growth was the most pronounced in 2013 an increase of 349%. Over the period under review, average import prices reached the maximum at $17,207 per unit in 2014; however, from 2015 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 Italy ($174,964 per unit), while the price for the Netherlands ($499 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1,427.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in the Philippines
In 2022, the amount of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW imported into the Philippines shrank significantly to 43 units, waning by -21.8% compared with the previous year. Over the period under review, imports continue to indicate a significant contraction. Over the period under review, imports of reached the peak figure at 150 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of turbines; hydraulic turbines and water wheels, of a power not exceeding 1000kW reduced sharply to $400K in 2022. Overall, imports saw a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 4.9%. Imports peaked at $950K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 175 | 0% |
| Indonesia | 16.1 | 8.9 | 18.7 | 128 | 99.6% |
| Singapore | 2.2 | 0.9 | 0.6 | 75.2 | 224.5% |
| Taiwan (Chinese) | 3.2 | 0.4 | 0.1 | 8.9 | 40.6% |
| China | 65.0 | 37.1 | 37.7 | 7.2 | -52.0% |
| Netherlands | N/A | N/A | 0.2 | 5.5 | 2650.0% |
| United States | 14.2 | 10.4 | 12.3 | 0.9 | -60.1% |
| South Korea | 172 | 87.6 | 79.3 | N/A | -32.1% |
| Germany | N/A | 168 | 171 | N/A | 1.8% |
| Austria | 388 | 241 | 268 | N/A | -16.9% |
| Czech Republic | 204 | 117 | 120 | N/A | -23.3% |
| Others | 86.2 | 43.0 | 42.5 | N/A | -29.8% |
| Total | 950 | 715 | 750 | 400 | -25.0% |
Top Suppliers of Turbines; Hydraulic Turbines and Water Wheels, of A Power Not Exceeding 1000kW to the Philippines in 2022:
- Singapore (12.0 units)
- Netherlands (11.0 units)
- China (10.0 units)
- Indonesia (6.0 units)
- Taiwan (Chinese) (2.0 units)
- Italy (1.0 units)
- United States (1.0 units)
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