Asia-Pacific: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2025

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in Asia-Pacific

The Asia-Pacific turbo-jet (under X kN) market shrank sharply to $X in 2022, with a decrease of -15.6% against the previous year. In general, consumption, however, faced a abrupt downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in Asia-Pacific

In value terms, turbo-jet (under X kN) production fell to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +8.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 54% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports in Asia-Pacific

Turbo-jet (under X kN) exports declined sharply to X units in 2022, waning by -39.4% on the previous year. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of 28,772% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, turbo-jet (under X kN) exports fell dramatically to $X in 2022. In general, exports showed a deep contraction. The growth pace was the most rapid in 2018 with an increase of 316% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, accounting for X units, which was approx. 93% of total exports in 2022. It was distantly followed by China (X units), committing a 5.2% share of total exports.

India was also the fastest-growing in terms of the turbo-jets of a thrust not exceeding X kN exports, with a CAGR of +86.4% from 2012 to 2022. At the same time, China (+55.9%) displayed positive paces of growth. While the share of India (+92 p.p.) and China (+4.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest turbo-jet (under X kN) supplier in Asia-Pacific, comprising 37% of total exports. The second position in the ranking was held by China ($X), with a 4.5% share of total exports.

In India, turbo-jet (under X kN) exports increased at an average annual rate of +146.1% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, waning by -5.6% against the previous year. Over the period under review, the export price recorded a precipitous setback. The growth pace was the most rapid in 2015 when the export price increased by 6,090%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+32.0%).

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports in Asia-Pacific

In 2022, the amount of turbo-jets of a thrust not exceeding X kN imported in Asia-Pacific shrank remarkably to X units, falling by -24.7% compared with the previous year. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 when imports increased by 68%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, turbo-jet (under X kN) imports fell notably to $X in 2022. Over the period under review, imports faced a deep reduction. The growth pace was the most rapid in 2018 when imports increased by 52%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan was the largest importer of turbo-jets of a thrust not exceeding X kN in Asia-Pacific, with the volume of imports recording X units, which was near 42% of total imports in 2022. China (X units) took the second position in the ranking, followed by South Korea (X units), Hong Kong SAR (X units) and Nepal (X units). All these countries together took near 49% share of total imports. Taiwan (Chinese) (X units) held a relatively small share of total imports.

Imports into Japan increased at an average annual rate of +2.8% from 2012 to 2022. At the same time, Taiwan (Chinese) (+68.8%), Nepal (+39.3%), Hong Kong SAR (+34.5%), China (+30.4%) and South Korea (+8.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +68.8% from 2012-2022. While the share of Japan (+38 p.p.), China (+18 p.p.), South Korea (+14 p.p.), Hong Kong SAR (+9.4 p.p.), Nepal (+6.5 p.p.) and Taiwan (Chinese) (+3.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported turbo-jets of a thrust not exceeding X kN in Asia-Pacific, comprising 36% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by South Korea, with an 8.3% share.

In China, turbo-jet (under X kN) imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+2.3% per year) and South Korea (+13.2% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, increasing by 9.7% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by 190%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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