Belgium: Market for Turbo-Propellers Of A Power Not Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Not Exceeding 1,100 kW in Belgium

The Belgian turbo-propeller (under X kW) market reduced modestly to $X in 2022, remaining stable against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Turbo-Propellers Of A Power Not Exceeding X kW in Belgium

In value terms, turbo-propeller (under X kW) production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Turbo-propeller (under X kW) production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Exports from Belgium

In 2022, overseas shipments of turbo-propellers of a power not exceeding X kW increased by X% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, turbo-propeller (under X kW) exports soared to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for turbo-propeller (under X kW) exports from Belgium, with a X% share of total exports. Moreover, turbo-propeller (under X kW) exports to the UK exceeded the volume sent to the second major destination, the United States (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, the UK ($X) remains the key foreign market for turbo-propellers of a power not exceeding X kW exports from Belgium, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average turbo-propeller (under X kW) export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Imports into Belgium

In 2022, approx. X units of turbo-propellers of a power not exceeding X kW were imported into Belgium; picking up by X% against 2021. In general, imports recorded a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, turbo-propeller (under X kW) imports reduced markedly to $X in 2022. Over the period under review, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Greece (X units), Cote d'Ivoire (X units) and South Africa (X units) were the main suppliers of turbo-propeller (under X kW) imports to Belgium, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of turbo-propellers of a power not exceeding X kW to Belgium, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the average turbo-propeller (under X kW) import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price recorded a significant decline. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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