Australia and Oceania: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Australia and Oceania

The turbo-jet (over X kn) market in Australia and Oceania shrank markedly to $X in 2021, with a decrease of -17.7% against the previous year. Over the period under review, consumption, however, continues to indicate buoyant growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Australia and Oceania

In value terms, turbo-jet (over X kn) production surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 89% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in Australia and Oceania

In 2021, turbo-jet (over X kn) exports in Australia and Oceania surged to X units, picking up by 50% against the previous year's figure. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 75% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, turbo-jet (over X kn) exports surged to $X in 2021. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 144% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

In 2021, Australia (X units) was the key exporter of turbo-jets of a thrust exceeding X kn, constituting 69% of total exports. It was distantly followed by New Zealand (X units), comprising a 27% share of total exports. Papua New Guinea (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to turbo-jet (over X kn) exports from Australia stood at +3.6%. At the same time, New Zealand (+23.1%) and Papua New Guinea (+12.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +23.1% from 2012-2021. New Zealand (+19 p.p.) and Papua New Guinea (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -23.6% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest turbo-jet (over X kn) supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +8.9%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+35.8% per year) and Papua New Guinea (+47.3% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2021, falling by -22.4% against the previous year. Over the period under review, the export price, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2020 an increase of 111% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+10.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in Australia and Oceania

Turbo-jet (over X kn) imports shrank rapidly to X units in 2021, which is down by -31.7% against the year before. Over the period under review, imports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2017 when imports increased by 149% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, turbo-jet (over X kn) imports expanded rapidly to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 61%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Australia (X units) represented the key importer of turbo-jets of a thrust exceeding X kn, committing 65% of total imports. It was distantly followed by New Zealand (X units), creating a 27% share of total imports. Papua New Guinea (X units), Fiji (X units) and New Caledonia (X units) took a relatively small share of total imports.

Imports into Australia increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, New Caledonia (+13.0%), Papua New Guinea (+8.0%), New Zealand (+6.1%) and Fiji (+4.6%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +13.0% from 2012-2021. While the share of New Zealand (+2.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-4.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported turbo-jets of a thrust exceeding X kn in Australia and Oceania, comprising 80% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports. It was followed by New Caledonia, with a 2.8% share.

In Australia, turbo-jet (over X kn) imports increased at an average annual rate of +7.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (+0.2% per year) and New Caledonia (+66.9% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, with an increase of 66% against the previous year. In general, the import price posted a modest expansion. The pace of growth appeared the most rapid in 2019 an increase of 78%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+41.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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