Canada: 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 Canada

The Canadian turbo-propeller (under X kW) market was finally on the rise to reach $X in 2023, after two years of decline. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Turbo-propeller (under X kW) consumption peaked at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

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

In value terms, turbo-propeller (under X kW) production contracted to $X in 2023 estimated in export price. Over the period under review, the total production indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

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

Exports from Canada

In 2023, after two years of growth, there was significant decline in shipments abroad of turbo-propellers of a power not exceeding X kW, when their volume decreased by X% to X units. Over the period under review, exports recorded a slight slump. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, turbo-propeller (under X kW) exports dropped to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for turbo-propeller (under X kW) exports from Canada, with a X% share of total exports. Moreover, turbo-propeller (under X kW) exports to the United States exceeded the volume sent to the second major destination, Switzerland (X units), sevenfold. France (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for turbo-propellers of a power not exceeding X kW exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and France (X% per year).

Export Prices by Country

The average turbo-propeller (under X kW) export price stood at $X per unit in 2023, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and France ($X per unit), while the average price for exports to Germany ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Canada

In 2023, approx. X units of turbo-propellers of a power not exceeding X kW were imported into Canada; surging by X% against the previous year's figure. In general, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, turbo-propeller (under X kW) imports soared to $X in 2023. Overall, imports, however, continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, the United States (X units) constituted the largest turbo-propeller (under X kW) supplier to Canada, accounting for a X% share of total imports. Moreover, turbo-propeller (under X kW) imports from the United States exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and France (X% per year).

In value terms, the United States ($X) constituted the largest supplier of turbo-propellers of a power not exceeding X kW to Canada, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average turbo-propeller (under X kW) import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform