Benelux: 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 Benelux

The Benelux turbo-propeller (over X kW) market contracted dramatically to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable descent. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Turbo-Propellers Of A Power Exceeding X kW in Benelux

In value terms, turbo-propeller (over X kW) production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports in Benelux

In 2022, overseas shipments of turbo-propellers of a power exceeding X kW were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, turbo-propeller (over X kW) exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the major exporter of turbo-propellers of a power exceeding X kW in Benelux, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Belgium (X units), mixing up a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the turbo-propellers of a power exceeding X kW exports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest turbo-propeller (over X kW) supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with an X% share of total exports.

In the Netherlands, turbo-propeller (over X kW) exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

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

Imports in Benelux

In 2022, approx. X units of turbo-propellers of a power exceeding X kW were imported in Benelux; with a decrease of X% against 2021. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) imports contracted notably to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The Netherlands was the key importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by Belgium (X units), creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to turbo-propeller (over X kW) imports into the Netherlands stood at X%. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. While the share of Belgium (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) constitutes the largest market for imported turbo-propellers of a power exceeding X kW in Benelux, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

In Belgium, turbo-propeller (over X kW) imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X,263 per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Source: IndexBox Platform