EU: Gas Turbine Market 2020

Gas Turbine Market Size in the EU

The revenue of the gas turbine market in the European Union amounted to $X in 2017, jumping by X% against the previous year. The total market indicated a measured growth from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas turbine consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. In that year, the gas turbine market reached their peak level of $X. From 2009 to 2017, growth of the gas turbine market failed to regain its momentum.

Gas Turbine Production in the EU

In 2017, the amount of gas turbines produced in the European Union totaled X units, remaining constant against the previous year. The gas turbine production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, with an increase of X% year-to-year. Over the period under review, the gas turbine production reached its maximum volume of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Gas Turbine Exports in the EU

In 2017, approx. X units of gas turbines were exported in the European Union; shrinking by -X% against the previous year. The gas turbine exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when exports increased by X% y-o-y. The volume of exports peaked of X units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, gas turbine exports stood at $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The level of exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Gas Turbine Exports by Country in the EU

Italy was the major exporter of gas turbines in the European Union, with the volume of exports recording X units, which was approx. X% of total exports in 2017. The UK (X units) ranks second in terms of the global exports with a X% share, followed by Poland (X%), the Czech Republic (X%) and France (X%). Denmark (X units) took the minor share of total exports.

Exports from Italy increased at an average annual rate of +X% from 2007 to 2017. At the same time, the Czech Republic (+X%), Poland (+X%) and Denmark (+X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest growing exporter in the European Union, with a CAGR of +X% from 2007-2017. By contrast, the UK (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of France and the UK increased by X% and X% percentage points, while Denmark (-X%), the Czech Republic (-X%), Poland (-X%) and Italy (-X%) saw their share reduced.

In value terms, the largest gas turbine markets worldwide were the UK ($X), France ($X) and Italy ($X), together comprising X% of total exports. These countries were followed by Poland, the Czech Republic and Denmark, which together accounted for a further X%.

Among the main exporting countries , the Czech Republic (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Gas Turbine Export Prices by Country in the EU

The gas turbine export price in the European Union stood at $X thousand per unit in 2017, picking up by X% against the previous year. The export price indicated a notable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas turbine export price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. In that year, the export prices for gas turbines reached their peak level of $X thousand per unit. From 2009 to 2017, growth of the export prices for gas turbines failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was France ($X thousand per unit), while Italy ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Czech Republic (+X% per year), while the other leaders experienced more modest paces of growth.

Gas Turbine Imports in the EU

In 2017, the amount of gas turbines imported in the European Union stood at X units, falling by -X% against the previous year. The gas turbine imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015, when imports increased by X% year-to-year. Over the period under review, the gas turbine imports reached its maximum volume of X units in 2016, and then declined slightly in the following year.

In value terms, gas turbine imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The level of imports peaked in 2017, and are expected to retain its growth in the near future.

Gas Turbine Imports by Country in the EU

The UK prevails in gas turbine imports structure, accounting for X units, which was near X% of total imports in 2017. It was distantly followed by Poland (X units), creating X% share of total imports. The Netherlands (X units), France (X units), Belgium (X units), Germany (X units), the Czech Republic (X units) and Hungary (X units) held the slight share of total imports.

Imports into the UK increased at an average annual rate of +X% from 2007 to 2017. At the same time, Poland (+X%), Hungary (+X%), the Netherlands (+X%), France (+X%), the Czech Republic (+X%), Belgium (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest growing importer in the European Union, with a CAGR of +X% from 2007-2017. While the share of Hungary (-X%), Belgium (-X%), France (-X%), the Netherlands (-X%), Poland (-X%) and the UK (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) constitutes the largest market for imported gas turbines in the European Union, making up X% of global imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of global imports. It was followed by Poland, with a X% share.

In the UK, gas turbine imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Belgium (+X% per year) and Poland (+X% per year).

Gas Turbine Import Prices by Country in the EU

In 2017, the gas turbine import price in the European Union amounted to $X thousand per unit, picking up by X% against the previous year. The gas turbine import price continues to indicate a deep decline. The growth pace was the most rapid in 2012, an increase of X% against the previous year. The level of import price peaked of $X thousand per unit in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Hungary ($X thousand per unit), while the Czech Republic ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Belgium (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform