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

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

The Australian turbo-jet (over X kn) market contracted notably to $X in 2021, declining by -42.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed a prominent expansion. Turbo-jet (over X kn) consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports from Australia

In 2021, the amount of turbo-jets of a thrust exceeding X kn exported from Australia soared to X units, picking up by 22% compared with the year before. Overall, exports posted notable growth. The growth pace was the most rapid in 2017 when exports increased by 100% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, turbo-jet (over X kn) exports dropped modestly to $X in 2021. Over the period under review, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 274% against the previous year. The exports peaked at $X in 2020, and then reduced modestly in the following year.

Exports by Country

The United States (X units) was the main destination for turbo-jet (over X kn) exports from Australia, with a 91% share of total exports. Moreover, turbo-jet (over X kn) exports to the United States exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-10.8% per year) and China (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for turbo-jets of a thrust exceeding X kn exports from Australia, comprising 88% of total exports. The second position in the ranking was taken by the UK ($X), with a 1.7% share of total exports. It was followed by Canada, with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-13.8% per year) and Canada (-48.6% per year).

Export Prices by Country

In 2021, the average turbo-jet (over X kn) export price amounted to $X per unit, shrinking by -18.8% against the previous year. Overall, the export price, however, recorded buoyant growth. The growth pace was the most rapid in 2020 an increase of 137%. As a result, the export price reached the peak level of $X per unit, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1,657.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports into Australia

In 2021, approx. X units of turbo-jets of a thrust exceeding X kn were imported into Australia; dropping by -47.1% compared with the year before. In general, imports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2017 when imports increased by 210%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, turbo-jet (over X kn) imports skyrocketed to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +25.7% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 51%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of turbo-jet (over X kn) to Australia, accounting for a 78% share of total imports. Moreover, turbo-jet (over X kn) imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X units), sixfold. The UK (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+2.5% per year) and the UK (-10.9% per year).

In value terms, the United States ($X) constituted the largest supplier of turbo-jets of a thrust exceeding X kn to Australia, comprising 95% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.9% share of total imports. It was followed by the UK, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.8% per year) and the UK (-25.8% per year).

Import Prices by Country

The average turbo-jet (over X kn) import price stood at $X per unit in 2021, growing by 174% against the previous year. Over the period under review, the import price posted a measured expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+50.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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