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 Europe

The Europe turbo-propeller (over X kW) market reduced rapidly to $X in 2023, which is down by X% against the previous year. Overall, consumption recorded a noticeable downturn. The level of consumption peaked at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

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

In value terms, turbo-propeller (over X kW) production fell modestly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

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

Exports in Europe

In 2023, shipments abroad of turbo-propellers of a power exceeding X kW increased by X% to X units, rising for the third year in a row after three years of decline. In general, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, turbo-propeller (over X kW) exports skyrocketed to $X in 2023. Total exports indicated a noticeable 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. Based on 2023 figures, exports increased by X% against 2020 indices. Over the period under review, the exports attained the maximum at $X in 2017; afterwards, it flattened through to 2023.

Exports by Country

The Netherlands prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. It was distantly followed by Spain (X units), generating a X% share of total exports. Ukraine (X units) held a relatively small share of total exports.

The Netherlands 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, Spain (X%) displayed positive paces of growth. By contrast, Ukraine (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while Ukraine saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the Netherlands ($X) remains the largest turbo-propeller (over X kW) supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the Netherlands stood at X%. In the other countries, the average annual rates were as follows: Spain (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

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 Spain ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (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 Europe

After three years of growth, overseas purchases of turbo-propellers of a power exceeding X kW decreased by X% to X units in 2023. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the maximum 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 fell to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

Spain represented the main importer of turbo-propellers of a power exceeding X kW in Europe, with the volume of imports reaching X units, which was near X% of total imports in 2023. Italy (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (X%), France (X%), the UK (X%) and Poland (X%). The Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to turbo-propeller (over X kW) imports into Spain stood at X%. At the same time, Denmark (X%), Poland (X%), France (X%), the Netherlands (X%), Italy (X%) and the UK (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Spain (X p.p.), Denmark (X p.p.), Italy (X p.p.), France (X p.p.), Poland (X p.p.), the UK (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest turbo-propeller (over X kW) importing markets in Europe were Spain ($X), Poland ($X) and France ($X), together accounting for X% of total imports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

The import price in Europe stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

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 Poland ($X,575 per unit), while the Netherlands ($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 a decline in the import price figures.

Source: IndexBox Platform