ASEAN: Market for Turbo-Propellers Of A Power Not Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Not Exceeding 1,100 kW in ASEAN

The ASEAN turbo-propeller (under X kW) market dropped to $X in 2023, falling by X% against the previous year. Overall, consumption saw a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Turbo-Propellers Of A Power Not Exceeding X kW in ASEAN

In value terms, turbo-propeller (under X kW) production declined modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Exports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Exports in ASEAN

In 2023, approx. X units of turbo-propellers of a power not exceeding X kW were exported in ASEAN; which is down by X% on the year before. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, turbo-propeller (under X kW) exports contracted notably to $X in 2023. Over the period under review, exports recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Singapore (X units) and Vietnam (X units) represented the key exporters of turbo-propellers of a power not exceeding X kW in ASEAN, together resulting at approx. X% of total exports. It was distantly followed by Indonesia (X units), constituting an X% share of total exports. Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest turbo-propeller (under X kW) supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Singapore stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2023, which is down by X% against the previous year. In general, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Imports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Imports in ASEAN

In 2023, approx. X units of turbo-propellers of a power not exceeding X kW were imported in ASEAN; shrinking by X% on the previous year's figure. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, turbo-propeller (under X kW) imports fell remarkably to $X in 2023. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Singapore was the major importer of turbo-propellers of a power not exceeding X kW in ASEAN, with the volume of imports recording X units, which was approx. X% of total imports in 2023. Indonesia (X units) took the second position in the ranking, followed by Thailand (X units), the Philippines (X units) and Vietnam (X units). All these countries together took near X% share of total imports. Malaysia (X units) and Brunei Darussalam (X units) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to turbo-propeller (under X kW) imports into Singapore stood at X%. At the same time, Thailand (X%), Brunei Darussalam (X%), the Philippines (X%), Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Indonesia (X p.p.), the Philippines (X p.p.), Vietnam (X p.p.), Malaysia (X p.p.) and Brunei Darussalam (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported turbo-propellers of a power not exceeding X kW in ASEAN, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Singapore stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, which is down by X% against the previous year. Overall, the import price saw a pronounced descent. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2022, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform