Middle East: 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 the Middle East

The Middle Eastern turbo-propeller (over X kW) market surged to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption posted a strong expansion. 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 the Middle East

In value terms, turbo-propeller (over X kW) production amounted to $X in 2023 estimated in export price. The total production indicated a moderate 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 2021 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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

Exports in the Middle East

In 2023, the amount of turbo-propellers of a power exceeding X kW exported in the Middle East rose notably to X units, with an increase of X% compared with 2022. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, turbo-propeller (over X kW) exports surged to $X in 2023. In general, exports posted a significant expansion. The most prominent rate of growth was recorded 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 somewhat lower figure.

Exports by Country

In 2023, Oman (X units) was the main exporter of turbo-propellers of a power exceeding X kW, creating X% of total exports. Turkey (X units) held the second position in the ranking, distantly followed by Israel (X units). All these countries together held approx. X% share of total exports. The following exporters - Saudi Arabia (X units) and the United Arab Emirates (X units) - each amounted to a X% share of total exports.

Oman 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, Turkey (X%) and Israel (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Oman, Turkey and Saudi Arabia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), Oman ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Saudi Arabia and Turkey lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of 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 the Middle East amounted to $X per unit, picking up by X% against the previous year. Overall, the export price enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2023, the export prices remained at a 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 Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

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

Imports in the Middle East

In 2023, overseas purchases of turbo-propellers of a power exceeding X kW increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, faced a drastic downturn. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) imports dropped dramatically to $X in 2023. Overall, imports saw resilient growth. The growth pace was the most rapid in 2016 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Jordan (X units) and the United Arab Emirates (X units) prevails in imports structure, together constituting X% of total imports. It was distantly followed by Iran (X units), making up a X% share of total imports. Turkey (X units), Lebanon (X units), Oman (X units) and Qatar (X units) followed a long way behind the leaders.

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

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Oman, Qatar, Jordan and Lebanon lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Jordan, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 the Middle East amounted to $X per unit, waning by X% against the previous year. In general, the import price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 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 Turkey ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform