Asia: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2025

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Asia

In 2021, the Asian turbo-jet (over X kn) market increased by 36% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption showed slight growth. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Asia

In value terms, turbo-jet (over X kn) production fell modestly to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +4.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in Asia

In 2021, overseas shipments of turbo-jets of a thrust exceeding X kn decreased by -2.4% to X units, falling for the second consecutive year after five years of growth. In general, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 38%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, turbo-jet (over X kn) exports dropped slightly to $X in 2021. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped modestly in the following year.

Exports by Country

In 2021, Hong Kong SAR (X units), distantly followed by Singapore (X units), India (X units), Taiwan (Chinese) (X units) and Japan (X units) represented the key exporters of turbo-jets of a thrust exceeding X kn, together making up 84% of total exports. China (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +39.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Singapore ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 82% of total exports.

India, with a CAGR of +73.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, stabilizing at the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 28%. As a result, the export price reached the peak level of $X per unit, leveling off in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+23.3%), while the other leaders experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in Asia

In 2021, the amount of turbo-jets of a thrust exceeding X kn imported in Asia reached X units, therefore, remained relatively stable against 2020. Over the period under review, imports, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2015 when imports increased by 176%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, turbo-jet (over X kn) imports reached $X in 2021. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 53%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X units), distantly followed by Hong Kong SAR (X units), China (X units), India (X units), Brunei Darussalam (X units), Japan (X units) and the United Arab Emirates (X units) were the largest importers of turbo-jets of a thrust exceeding X kn, together creating 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +39.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Singapore ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 63% of total imports. These countries were followed by India, Japan, the United Arab Emirates and Brunei Darussalam, which together accounted for a further 20%.

In terms of the main importing countries, India, with a CAGR of +41.1%, recorded 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 2021, the import price in Asia amounted to $X per unit, rising by 1.9% against the previous year. In general, the import price enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 an increase of 154% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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