Europe: Market for Turbo-Propellers Of A Power Not Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Not Exceeding 1,100 kW in Europe

In 2023, the Europe turbo-propeller (under X kW) market increased by X% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Turbo-Propellers Of A Power Not Exceeding X kW in Europe

In value terms, turbo-propeller (under X kW) production reduced to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Exports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Exports in Europe

Turbo-propeller (under X kW) exports contracted significantly to X units in 2023, declining by X% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of X units, and then shrank dramatically in the following year.

In value terms, turbo-propeller (under X kW) exports contracted dramatically to $X in 2023. Total exports indicated mild growth 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. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Portugal was the key exporting country with an export of about X units, which accounted for X% of total exports. Sweden (X units) took the second position in the ranking, followed by the Czech Republic (X units), Luxembourg (X units) and Ukraine (X units). All these countries together held approx. X% share of total exports. The UK (X units), Germany (X units) and Italy (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to turbo-propeller (under X kW) exports from Portugal stood at X%. At the same time, Luxembourg (X%), Sweden (X%), Ukraine (X%), the Czech Republic (X%) and the UK (X%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, Germany (X%) and Italy (X%) illustrated a downward trend over the same period. While the share of Portugal (X p.p.), Sweden (X p.p.), Luxembourg (X p.p.), the Czech Republic (X p.p.) and Ukraine (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest turbo-propeller (under X kW) supplying countries in Europe were the Czech Republic ($X), Germany ($X) and the UK ($X), together accounting for X% of total exports. Portugal, Italy, Ukraine, Sweden and Luxembourg lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, picking up by X% against the previous year. In general, the export price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

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

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

Imports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Imports in Europe

In 2023, imports of turbo-propellers of a power not exceeding X kW in Europe skyrocketed to X units, increasing by X% on the previous year's figure. Over the period under review, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, turbo-propeller (under X kW) imports expanded notably to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Luxembourg (X units), distantly followed by Sweden (X units), Italy (X units), Germany (X units), the UK (X units), Switzerland (X units) and France (X units) were the main importers of turbo-propellers of a power not exceeding X kW, together creating X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo-propeller (under X kW) importing markets in Europe were Germany ($X), Switzerland ($X) and the UK ($X), together accounting for X% of total imports. Italy, France, Luxembourg and Sweden lagged somewhat behind, together comprising a further X%.

Sweden, with a CAGR of X%, recorded 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 Europe amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2022 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a 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 Germany ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform