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

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

In 2021, the East Asian turbo-jet (over X kn) market decreased by -8.8% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.7% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Eastern Asia

In value terms, turbo-jet (over X kn) production soared to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.7% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in Eastern Asia

In 2021, overseas shipments of turbo-jets of a thrust exceeding X kn increased by 39% to X units, rising for the second year in a row after two years of decline. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.5% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 41%. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, turbo-jet (over X kn) exports soared to $X in 2021. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 42%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Hong Kong SAR (X units) was the largest exporter of turbo-jets of a thrust exceeding X kn, achieving 60% of total exports. Taiwan (Chinese) (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by Japan (14%) and China (7.3%). South Korea (X units) took a relatively small share of total exports.

Exports from Hong Kong SAR increased at an average annual rate of +11.5% from 2012 to 2021. At the same time, Taiwan (Chinese) (+30.4%) and China (+1.4%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +30.4% from 2012-2021. By contrast, Japan (-2.3%) and South Korea (-10.1%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+21 p.p.) and Taiwan (Chinese) (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-3.8 p.p.), South Korea (-15 p.p.) and Japan (-15.1 p.p.) displayed negative dynamics.

In value terms, Hong Kong SAR ($X) remains the largest turbo-jet (over X kn) supplier in Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 10% share of total exports. It was followed by China, with a 6.2% share.

In Hong Kong SAR, turbo-jet (over X kn) exports expanded at an average annual rate of +22.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+41.6% per year) and China (+5.9% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, dropping by -11.6% against the previous year. In general, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2019 when the export price increased by 40% against the previous year. The level of export peaked at $X per unit in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+17.5%), while the other leaders experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in Eastern Asia

In 2021, approx. X units of turbo-jets of a thrust exceeding X kn were imported in Eastern Asia; surging by 13% on the year before. Total imports indicated a pronounced expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.4% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 76% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, turbo-jet (over X kn) imports expanded sharply to $X in 2021. Over the period under review, imports continue to indicate strong growth. The growth pace was the most rapid in 2016 with an increase of 67%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Hong Kong SAR (X units) was the largest importer of turbo-jets of a thrust exceeding X kn, committing 46% of total imports. China (X units) held a 25% share (based on physical terms) of total imports, which put it in second place, followed by Japan (18%), Taiwan (Chinese) (5.6%) and South Korea (5.5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +36.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported turbo-jets of a thrust exceeding X kn in Eastern Asia, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR stood at +18.5%. The remaining importing countries recorded the following average annual rates of imports growth: China (+7.9% per year) and Japan (+4.4% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, leveling off at the previous year. Import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, turbo-jet (over X kn) import price increased by +71.3% against 2016 indices. The growth pace was the most rapid in 2018 when the import price increased by 18% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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