Eastern Asia: Market for Turbo-Propellers Of A Power Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Exceeding 1,100 kW in Eastern Asia

The East Asian turbo-propeller (over X kW) market reduced to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, posted perceptible growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Production of Turbo-Propellers Of A Power Exceeding X kW in Eastern Asia

In value terms, turbo-propeller (over X kW) production contracted significantly to $X in 2023 estimated in export price. In general, production, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

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Exports of Turbo-Propellers Of A Power Exceeding 1,100 kW

Exports in Eastern Asia

In 2023, exports of turbo-propellers of a power exceeding X kW in Eastern Asia soared to X units, with an increase of X% on 2022 figures. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) exports fell significantly to $X in 2023. Over the period under review, exports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

South Korea was the major exporting country with an export of around X units, which accounted for X% of total exports. China (X units) ranks second in terms of the total exports with a X% share, followed by Hong Kong SAR (X%) and Japan (X%).

South Korea was also the fastest-growing in terms of the turbo-propellers of a power exceeding X kW exports, with a CAGR of X% from 2012 to 2023. At the same time, China (X%) and Hong Kong SAR (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Korea and China increased by X and X percentage points, respectively.

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

In Hong Kong SAR, turbo-propeller (over X kW) exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2023, falling by X% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 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 Hong Kong SAR ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Imports of Turbo-Propellers Of A Power Exceeding 1,100 kW

Imports in Eastern Asia

In 2023, approx. X units of turbo-propellers of a power exceeding X kW were imported in Eastern Asia; picking up by X% on the year before. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, turbo-propeller (over X kW) imports soared to $X in 2023. Overall, imports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X units) and China (X units) were the major importers of turbo-propellers of a power exceeding X kW in 2023, recording near X% and X% of total imports, respectively. Taiwan (Chinese) (X units) ranks next in terms of the total imports with a X% share, followed by Japan (X%) and South Korea (X%).

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

In value terms, the largest turbo-propeller (over X kW) importing markets in Eastern Asia were Hong Kong SAR ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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 Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, showed a perceptible reduction. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X,776 per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X,643 per unit), while China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform