ASEAN: 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 ASEAN

The ASEAN turbo-propeller (over X kW) market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a noticeable decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, turbo-propeller (over X kW) production reached $X in 2022 estimated in export price. Over the period under review, production recorded a slight shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in ASEAN

In 2022, overseas shipments of turbo-propellers of a power exceeding X kW were finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) exports totaled $X in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Singapore (X units), together reaching X% of total export.

Singapore 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 2022. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) also remains the largest turbo-propeller (over X kW) supplier in ASEAN.

In Singapore, turbo-propeller (over X kW) exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

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

Imports in ASEAN

In 2022, imports of turbo-propellers of a power exceeding X kW in ASEAN dropped notably to X units, which is down by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a modest expansion. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, turbo-propeller (over X kW) imports declined to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Singapore represented the main importer of turbo-propellers of a power exceeding X kW in ASEAN, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by the Philippines (X units) and Vietnam (X units), together mixing up a X% share of total imports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Singapore ($X) constitutes the largest market for imported turbo-propellers of a power exceeding X kW in ASEAN, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, picking up by X% against the previous year. In general, the import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform