Australia and Oceania: 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 Australia and Oceania

The turbo-propeller (over X kW) market in Australia and Oceania dropped to $X in 2022, falling by X% against the previous year. In general, consumption showed a pronounced descent. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Turbo-Propellers Of A Power Exceeding X kW in Australia and Oceania

In value terms, turbo-propeller (over X kW) production dropped to $X in 2022 estimated in export price. Overall, production saw a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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

Exports in Australia and Oceania

In 2022, approx. X units of turbo-propellers of a power exceeding X kW were exported in Australia and Oceania; waning by X% against 2021 figures. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, turbo-propeller (over X kW) exports reduced rapidly to $X in 2022. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the key exporter of turbo-propellers of a power exceeding X kW in Australia and Oceania, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Papua New Guinea (X units) ranks second in terms of the total exports with a X% share, followed by Fiji (X%) and New Zealand (X%).

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. Papua New Guinea experienced a relatively flat trend pattern. Fiji (X%) and New Zealand (X%) illustrated a downward trend over the same period. While the share of Australia (X p.p.) and Papua New Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Fiji (X p.p.) and New Zealand (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest turbo-propeller (over X kW) supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Fiji ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Fiji (X% per year) and New Zealand (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Australia and Oceania

In 2022, supplies from abroad of turbo-propellers of a power exceeding X kW increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, turbo-propeller (over X kW) imports fell to $X in 2022. Overall, imports, however, saw a slight decline. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Fiji represented the largest importing country with an import of around X units, which accounted for X% of total imports. Australia (X units) took the second position in the ranking, followed by New Zealand (X units). All these countries together took approx. X% share of total imports. The following importers - French Polynesia (X units) and Papua New Guinea (X units) - each resulted at a X% share of total imports.

Fiji was also the fastest-growing in terms of the turbo-propellers of a power exceeding X kW imports, with a CAGR of X% from 2012 to 2022. At the same time, French Polynesia (X%) displayed positive paces of growth. By contrast, Papua New Guinea (X%), Australia (X%) and New Zealand (X%) illustrated a downward trend over the same period. Fiji (X p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea, Australia and New Zealand saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Fiji, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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