ASEAN: 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 ASEAN

The ASEAN turbo-propeller (under X kW) market shrank to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, turbo-propeller (under X kW) production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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

Exports in ASEAN

In 2022, overseas shipments of turbo-propellers of a power not exceeding X kW were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, turbo-propeller (under X kW) exports surged to $X in 2022. Overall, exports enjoyed measured growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore represented the largest exporter of turbo-propellers of a power not exceeding X kW in ASEAN, with the volume of exports recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Indonesia (X units), mixing up a X% share of total exports. Malaysia (X units) took a little share of total exports.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore and Malaysia increased by X and X percentage points, respectively.

In value terms, Singapore ($X) remains the largest turbo-propeller (under X kW) supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports.

In Singapore, turbo-propeller (under X kW) exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price, however, posted a pronounced increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (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 ASEAN

In 2022, overseas purchases of turbo-propellers of a power not exceeding X kW were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, saw a abrupt decline. 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 reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, turbo-propeller (under X kW) imports soared to $X in 2022. In general, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Singapore prevails in imports structure, amounting to X units, which was approx. X% of total imports in 2022. Thailand (X units) held the second position in the ranking, followed by Vietnam (X units). All these countries together held near X% share of total imports. Indonesia (X units) and Malaysia (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to turbo-propeller (under X kW) imports into Singapore stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%), Indonesia (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported turbo-propellers of a power not exceeding X kW in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

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

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price showed resilient growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform