Germany: 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 Germany

The German turbo-propeller (over X kW) market was estimated at $X in 2023, leveling off at the previous year. Overall, consumption recorded a resilient increase. Turbo-propeller (over X kW) consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

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

In value terms, turbo-propeller (over X kW) production fell to $X in 2023 estimated in export price. Overall, the total production indicated a notable increase 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

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

Exports from Germany

In 2023, the amount of turbo-propellers of a power exceeding X kW exported from Germany dropped markedly to X units, waning by X% compared with the previous year. Overall, exports faced a deep reduction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, turbo-propeller (over X kW) exports reached $X in 2023. Over the period under review, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Spain (X units), Iran (X units) and Canada (X units) were the main destinations of turbo-propeller (over X kW) exports from Germany, with a combined X% share of total exports.

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

In value terms, Spain ($X) remains the key foreign market for turbo-propellers of a power exceeding X kW exports from Germany, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Canada (X% per year).

Export Prices by Country

In 2023, the average turbo-propeller (over X kW) export price amounted to $X,440 per unit, with an increase of X% against the previous year. In general, the export price recorded resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X,476 per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

In 2023, the amount of turbo-propellers of a power exceeding X kW imported into Germany fell dramatically to X units, which is down by X% on 2022. Over the period under review, imports faced a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) imports shrank significantly to $X in 2023. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Canada (X units) constituted the largest supplier of turbo-propeller (over X kW) to Germany, accounting for a X% share of total imports. Moreover, turbo-propeller (over X kW) imports from Canada exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Iceland (X% per year).

In value terms, Canada ($X) constituted the largest supplier of turbo-propellers of a power exceeding X kW to Germany, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Iceland (X% per year).

Import Prices by Country

The average turbo-propeller (over X kW) import price stood at $X,518 per unit in 2023, reducing by X% against the previous year. In general, import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, turbo-propeller (over X kW) import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X,977 per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Canada ($X,912 per unit), while the price for Iceland ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform