Eastern Asia: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in Eastern Asia

The East Asian turbo-jet (under X kN) market reached $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in Eastern Asia

In value terms, turbo-jet (under X kN) production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports in Eastern Asia

Turbo-jet (under X kN) exports dropped to X units in 2022, with a decrease of X% on 2021 figures. In general, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, turbo-jet (under X kN) exports fell dramatically to $X in 2022. Over the period under review, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea was the main exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by China (X units), mixing up a X% share of total exports. Taiwan (Chinese) (X units) held a minor share of total exports.

South Korea was also the fastest-growing in terms of the turbo-jets of a thrust not exceeding X kN exports, with a CAGR of X% from 2012 to 2022. China experienced a relatively flat trend pattern. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest turbo-jet (under X kN) supplying countries in Eastern Asia were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

South Korea, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the export price figures.

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports in Eastern Asia

In 2022, approx. X units of turbo-jets of a thrust not exceeding X kN were imported in Eastern Asia; increasing by X% on 2021. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, turbo-jet (under X kN) imports amounted to $X in 2022. In general, imports, however, continue to indicate a perceptible setback. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China was the largest importer of turbo-jets of a thrust not exceeding X kN in Eastern Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X units), Japan (X units) and South Korea (X units), together comprising a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported turbo-jets of a thrust not exceeding X kN in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, turbo-jet (under X kN) imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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