Eastern Asia: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Eastern Asia

The East Asian turbo-jet (over X kN) market totaled $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Eastern Asia

In value terms, turbo-jet (over X kN) production reached $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in Eastern Asia

In 2022, after ten years of growth, there was significant decline in overseas shipments of turbo-jets of a thrust exceeding X kN, when their volume decreased by X% to X units. Overall, exports, however, showed a buoyant increase. 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 2021, and then contracted remarkably in the following year.

In value terms, turbo-jet (over X kN) exports contracted modestly to $X in 2022. In general, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell slightly in the following year.

Exports by Country

Hong Kong SAR dominates exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X units), achieving an X% share of total exports. The following exporters - China (X units) and South Korea (X units) - each resulted at a X% share of total exports.

Exports from Hong Kong SAR increased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.) and Japan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) remains the largest turbo-jet (over X kN) supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X,836 per unit in 2022, with an increase of X% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X,009 per unit), while Japan ($X,187 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in Eastern Asia

In 2022, imports of turbo-jets of a thrust exceeding X kN in Eastern Asia dropped to X units, waning by X% compared with the year before. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, turbo-jet (over X kN) imports rose notably to $X in 2022. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Hong Kong SAR (X units) represented the key importer of turbo-jets of a thrust exceeding X kN, comprising X% of total imports. Japan (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%). The following importers - China (X units) and South Korea (X units) - each resulted at an X% share of total imports.

Imports into Hong Kong SAR increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and China (X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.), South Korea (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported turbo-jets of a thrust exceeding X kN in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Hong Kong SAR totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X,970 per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X,258 per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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