Southern Asia: 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 Southern Asia

The South Asian turbo-propeller (under X kW) market fell sharply to $X in 2023, which is down by X% against the previous year. Overall, consumption saw a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2022, and then reduced notably in the following year.

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

In value terms, turbo-propeller (under X kW) production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

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

Exports in Southern Asia

Turbo-propeller (under X kW) exports surged to X units in 2023, rising by X% against the previous year's figure. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the near future.

In value terms, turbo-propeller (under X kW) exports surged to $X in 2023. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in years to come.

Exports by Country

India dominates exports structure, resulting at X units, which was approx. X% of total exports in 2023. Afghanistan (X units) took the second position in the ranking, followed by Nepal (X units). All these countries together took near X% share of total exports. Pakistan (X units) and Maldives (X units) held a minor share of total exports.

India was also the fastest-growing in terms of the turbo-propellers of a power not exceeding X kW exports, with a CAGR of X% from 2012 to 2023. At the same time, Pakistan (X%) displayed positive paces of growth. Nepal and Maldives experienced a relatively flat trend pattern. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India increased by X percentage points.

In value terms, India ($X) emerged as the largest turbo-propeller (under X kW) supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in India stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Afghanistan (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, surging by X% against the previous year. In general, the export price showed a strong increase. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (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 Southern Asia

In 2023, approx. X units of turbo-propellers of a power not exceeding X kW were imported in Southern Asia; falling by X% on the previous year's figure. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, turbo-propeller (under X kW) imports contracted notably to $X in 2023. In general, imports showed a noticeable slump. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2023, India (X units) represented the main importer of turbo-propellers of a power not exceeding X kW, achieving X% of total imports. Nepal (X units) ranks second in terms of the total imports with a X% share, followed by Afghanistan (X%), Maldives (X%), Pakistan (X%), Sri Lanka (X%) and Bangladesh (X%).

Imports into India decreased at an average annual rate of X% from 2012 to 2023. Nepal (X%), Bangladesh (X%), Maldives (X%), Pakistan (X%), Sri Lanka (X%) and Afghanistan (X%) illustrated a downward trend over the same period. Nepal (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total imports, while Afghanistan saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported turbo-propellers of a power not exceeding X kW in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total imports. It was followed by Maldives, with an X% share.

From 2012 to 2023, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Afghanistan (X% per year) and Maldives (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2023, waning by X% against the previous year. Import price indicated a tangible expansion 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 (under X kW) import price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped markedly in the following year.

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 India ($X per unit), while Sri Lanka ($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