Middle East: 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 the Middle East

The Middle Eastern turbo-propeller (under X kW) market expanded significantly to $X in 2023, surging by X% against the previous year. Over the period under review, consumption posted a slight increase. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market failed to regain momentum.

Production of Turbo-Propellers Of A Power Not Exceeding X kW in the Middle East

In value terms, turbo-propeller (under X kW) production rose slightly to $X in 2023 estimated in export price. The total production indicated a prominent increase from 2012 to 2023: its value 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2023 and is likely to see gradual growth in years to come.

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

Exports in the Middle East

In 2023, exports of turbo-propellers of a power not exceeding X kW in the Middle East contracted remarkably to X units, declining by X% compared with the year before. Over the period under review, exports saw a mild decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, turbo-propeller (under X kW) exports fell sharply to $X in 2023. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then contracted significantly in the following year.

Exports by Country

Israel (X units) and Turkey (X units) dominates exports structure, together making up X% of total exports. It was distantly followed by the United Arab Emirates (X units), committing a X% share of total exports. Saudi Arabia (X units) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Israel ($X) remains the largest turbo-propeller (under X kW) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Israel amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, declining by X% against the previous year. Overall, the export price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of origin: 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 Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in the Middle East

In 2023, supplies from abroad of turbo-propellers of a power not exceeding X kW decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, turbo-propeller (under X kW) imports dropped to $X in 2023. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Qatar was the main importing country with an import of about X units, which reached X% of total imports. It was distantly followed by the United Arab Emirates (X units), Turkey (X units), Kuwait (X units), Bahrain (X units) and Israel (X units), together mixing up a X% share of total imports. Jordan (X units) followed a long way behind the leaders.

Imports into Qatar decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Jordan (X%), Israel (X%), Kuwait (X%) and Turkey (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Bahrain (X p.p.), Kuwait (X p.p.), Israel (X p.p.) and Jordan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Qatar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the import price posted a significant expansion. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Bahrain ($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