Southern Asia: 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 Southern Asia

The South Asian turbo-propeller (over X kW) market fell to $X in 2023, waning by X% against the previous year. Overall, consumption, however, showed a temperate increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

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

In value terms, turbo-propeller (over X kW) production dropped rapidly to $X in 2023 estimated in export price. Overall, production, however, saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

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

Exports in Southern Asia

Turbo-propeller (over X kW) exports skyrocketed to X units in 2023, increasing by X% compared with the previous year's figure. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) exports surged to $X in 2023. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, finishing at X units, which was near X% of total exports in 2023. Nepal (X units) took a minor share of total exports.

India 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, Nepal (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nepal (X p.p.) displayed negative dynamics.

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

In India, turbo-propeller (over X kW) exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the export price posted prominent growth. The growth pace was the most rapid in 2016 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

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 India ($X per unit), while Nepal stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

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

Imports in Southern Asia

In 2023, approx. X units of turbo-propellers of a power exceeding X kW were imported in Southern Asia; shrinking by X% against 2022. Overall, imports, however, recorded a measured expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, turbo-propeller (over X kW) imports dropped to $X in 2023. Over the period under review, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Pakistan (X units), Nepal (X units), India (X units) and Bangladesh (X units) represented roughly X% of total imports in 2023. Afghanistan (X units) took the next position in the ranking, followed by Maldives (X units). All these countries together held approx. X% share of total imports. Sri Lanka (X units) held a relatively small share of total imports.

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

In value terms, the largest turbo-propeller (over X kW) importing markets in Southern Asia were Pakistan ($X), Nepal ($X) and India ($X), with a combined X% share of total imports. Bangladesh, Maldives, Afghanistan and Sri Lanka lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bangladesh, 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 Southern Asia amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 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 Pakistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform