China: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2025

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in China

The Chinese turbo-jet (under X kN) market shrank to $X in 2022, dropping by -3.6% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.9% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in China

In value terms, turbo-jet (under X kN) production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.8% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 34%. Turbo-jet (under X kN) production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports from China

In 2022, overseas shipments of turbo-jets of a thrust not exceeding X kN increased by 692% to X units, rising for the second year in a row after two years of decline. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 1,232% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, turbo-jet (under X kN) exports shrank significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by 574%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X units), Russia (X units) and Greece (X units) were the main destinations of turbo-jet (under X kN) exports from China, together comprising 61% of total exports. Egypt, Iraq, the United States and the United Arab Emirates lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +622.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for turbo-jets of a thrust not exceeding X kN exports from China, comprising 44% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Russia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+59.3% per year) and Russia (+107.9% per year).

Export Prices by Country

In 2022, the average turbo-jet (under X kN) export price amounted to $X per unit, dropping by -93% against the previous year. Over the period under review, the export price recorded a significant decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 149%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Philippines ($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 the United Arab Emirates (+13.0%), while the prices for the other major destinations experienced a decline.

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports into China

In 2022, supplies from abroad of turbo-jets of a thrust not exceeding X kN increased by 144% to X units, rising for the second year in a row after two years of decline. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 424% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, turbo-jet (under X kN) imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 522% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X units) constituted the largest turbo-jet (under X kN) supplier to China, with a 73% share of total imports. It was followed by the United States (X units), with a 2.2% share of total imports. Russia (X units) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine totaled +158.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.4% per year) and Russia (-7.0% per year).

In value terms, Ukraine ($X) constituted the largest supplier of turbo-jets of a thrust not exceeding X kN to China, comprising 52% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by the United Arab Emirates, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine stood at +78.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-15.8% per year) and the United Arab Emirates (+191.9% per year).

Import Prices by Country

The average turbo-jet (under X kN) import price stood at $X per unit in 2022, dropping by -30.6% against the previous year. Over the period under review, the import price showed a precipitous slump. The pace of growth appeared the most rapid in 2021 an increase of 34%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Germany ($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 Arab Emirates (+57.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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