Asia: 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 Asia

In 2023, the Asian turbo-propeller (under X kW) market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a perceptible decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, turbo-propeller (under X kW) production reached $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 throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2023 and is likely to see steady growth in the near future.

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

Exports in Asia

Turbo-propeller (under X kW) exports fell notably to X units in 2023, shrinking by X% against 2022 figures. Total exports indicated a slight increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2021 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, turbo-propeller (under X kW) exports fell rapidly to $X in 2023. Over the period under review, exports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. 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), India (X units), China (X units) and Vietnam (X units) was the major exporter of turbo-propellers of a power not exceeding X kW in Asia, constituting X% of total export. Indonesia (X units) ranks next in terms of the total exports with a X% share, followed by Israel (X%) and Turkey (X%).

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, the largest turbo-propeller (under X kW) supplying countries in Asia were Singapore ($X), India ($X) and Israel ($X), together accounting for X% of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. 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 peak figure at $X per unit in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (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 Asia

In 2023, imports of turbo-propellers of a power not exceeding X kW in Asia shrank notably to X units, which is down by X% compared with 2022 figures. Over the period under review, imports faced a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, turbo-propeller (under X kW) imports dropped remarkably to $X in 2023. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Singapore (X units), Qatar (X units), Indonesia (X units), Thailand (X units), Kazakhstan (X units), Japan (X units), India (X units), the United Arab Emirates (X units), Turkey (X units), the Philippines (X units), Vietnam (X units) and Kuwait (X units) represented the key importer of turbo-propellers of a power not exceeding X kW in Asia, committing X% of total import. Bahrain (X units) took a relatively small share of total imports.

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

In value terms, Singapore ($X), Japan ($X) and India ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. The United Arab Emirates, Kuwait, Qatar, Indonesia, Kazakhstan, Turkey, the Philippines, Thailand, Vietnam and Bahrain lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price, however, saw a moderate increase. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X,557 per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform