Which Country Imports the Most Turbo-Jets in the World?
Air And Spacecraft And Related Machinery May 28, 2018
In 2016, the amount of turbo-jet imported worldwide totaled 436K tonnes, rising by 7% against the previous year figure. Overall, turbo-jet imports continue to indicate a mild contraction. The growth pace was the most rapid in 2012, when imports increased by 10% y-o-y. Global turbo-jet import peaked of 542K tonnes in 2008; however, from 2009 to 2016, it failed to regain its strength.
In value terms, turbo-jet imports amounted to $127B in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value decreased at an average annual rate of -1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, turbo-jet imports increased by +45.9% against its level of 2010. Over the period under review, global turbo-jet imports attained its maximum level in 2016, and are likely to continue its growth in the near future.
Top Turbo-Jet Importing Countries in the World
1. United Kingdom (17.5 billion USD)
2. France (10.7 billion USD)
3. Germany (9.7 billion USD)
4. Japan (5.1 billion USD)
5. Netherlands (2.2 billion USD)
6. Italy (2.1 billion USD)
7. Switzerland (0.9 billion USD)
8. Saudi Arabia (0.8 billion USD)
9. Romania (0.4 billion USD)
10. Iran (0.2 billion USD)
11. Bangladesh (0.1 billion USD)
12. Angola (0.1 billion USD)
Turbo-Jet Imports By Country
In 2016, Italy (65K tonnes), followed by Germany (39K tonnes), France (28K tonnes), the Netherlands (28K tonnes), Romania (28K tonnes), Japan (25K tonnes), and the UK (25K tonnes) represented the key importers of turbo-jet, together comprising 54% of total imports. Iran (14K tonnes), Switzerland (13K tonnes), Bangladesh (11K tonnes), Saudi Arabia (10K tonnes), and Angola (10K tonnes) followed a long way behind this figure.
From 2007 to 2016, the most notable growth rate of turbo-jet imports, among the main importing countries, was attained by Angola (+51.9% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the UK ($18B), France ($11B) and Germany ($9.7B) appeared as the countries with the highest levels of imports in 2016, together accounting for 30% of global imports.Japan, the Netherlands, Italy, Switzerland, Saudi Arabia, Romania, Iran, Bangladesh and Angola lagged somewhat behind, together comprising a further 9%.
Romania (+33.9% per year) recorded the highest rates of growth with regard to the turbo-jet imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.
Turbo-Jet Import Prices By Country
In 2016, the average import price for turbo-jet amounted to $292 per kg, stabilizing at the previous year level. Overall, it indicated a strong expansion from 2007 to 2016: the import price value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, turbo-jet import price decreased by -1.8% against its level of 2014. The pace of growth appeared the most rapid in 2013, when it surged by 18% y-o-y. Global turbo-jet import peaked of $298 per kg in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Import prices varied noticeably by country of destination. the country with the highest import prices was the UK ($715 per kg), while Angola ($9,559 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of turbo-jet import prices was attained by Bangladesh (+26.0% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global turbo-jet market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- turbo-jet market share
- turbo-jet prices
- turbo-jet industry
- turbo-jet sales
- turbo-jet import
- turbo-jet export
- turbo-jet market forecast
- turbo-jet price forecast
- key turbo-jet producers
All data provided in this article covers the following product: HS Code 8411 - Turbo-jets, turbo-propellers and other gas turbines.
Source: World: Turbo-Jets Of A Thrust Exceeding 25 Kn - Market Report. Analysis and Forecast to 2025
