Eastern Europe: 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 Europe

In 2023, the East European turbo-propeller (over X kW) market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption showed a abrupt decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

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

In value terms, turbo-propeller (over X kW) production stood at $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

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

Exports in Eastern Europe

In 2023, exports of turbo-propellers of a power exceeding X kW in Eastern Europe surged to X units, with an increase of X% on the previous year's figure. In general, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports failed to regain momentum.

In value terms, turbo-propeller (over X kW) exports fell remarkably to $X in 2023. Over the period under review, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Ukraine represented the largest exporting country with an export of about X units, which amounted to X% of total exports. Poland (X units) held the second position in the ranking, followed by Russia (X units) and Lithuania (X units). All these countries together took near X% share of total exports. Bulgaria (X units), Moldova (X units) and Hungary (X units) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to turbo-propeller (over X kW) exports from Ukraine stood at X%. At the same time, Poland (X%), Lithuania (X%), Hungary (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Russia (X%) and Moldova (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland, Lithuania, Russia, Bulgaria and Hungary increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X) emerged as the largest turbo-propeller (over X kW) supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Ukraine, turbo-propeller (over X kW) exports shrank by 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: Poland (X% per year) and Russia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X,579 per unit, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per unit), while Moldova ($X per unit) was amongst the lowest.

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

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

Imports in Eastern Europe

In 2023, supplies from abroad of turbo-propellers of a power exceeding X kW decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) imports surged to $X in 2023. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Poland was the main importer of turbo-propellers of a power exceeding X kW in Eastern Europe, with the volume of imports amounting to X units, which was approx. X% of total imports in 2023. It was distantly followed by Russia (X units), Latvia (X units), Ukraine (X units) and Slovakia (X units), together creating a X% share of total imports. The following importers - the Czech Republic (X units) and Belarus (X units) - each amounted to a X% share of total imports.

Poland was also the fastest-growing in terms of the turbo-propellers of a power exceeding X kW imports, with a CAGR of X% from 2012 to 2023. At the same time, the Czech Republic (X%) and Latvia (X%) displayed positive paces of growth. Belarus experienced a relatively flat trend pattern. By contrast, Slovakia (X%), Ukraine (X%) and Russia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland, Latvia, Ukraine, Slovakia, the Czech Republic and Belarus increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Poland ($X) constitutes the largest market for imported turbo-propellers of a power exceeding X kW in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with an X% share of total imports. It was followed by Ukraine, with a X% share.

In Poland, turbo-propeller (over X kW) imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Ukraine (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, growing by X% against the previous year. In general, the import price saw significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X,575 per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform