Eastern Asia: 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 Eastern Asia

The East Asian turbo-propeller (under X kW) market dropped modestly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

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

In value terms, turbo-propeller (under X kW) production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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

Exports in Eastern Asia

For the fourth year in a row, Eastern Asia recorded growth in shipments abroad of turbo-propellers of a power not exceeding X kW, which increased by X% to X units in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, turbo-propeller (under X kW) exports surged to $X in 2022. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Japan (X units) and China (X units) were the major exporters of turbo-propellers of a power not exceeding X kW in 2022, finishing at approx. X% and X% of total exports, respectively. South Korea (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (X%). Taiwan (Chinese) (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest turbo-propeller (under X kW) supplying countries in Eastern Asia were South Korea ($X), Hong Kong SAR ($X) and China ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Asia

In 2022, the amount of turbo-propellers of a power not exceeding X kW imported in Eastern Asia shrank to X units, with a decrease of X% compared with 2021 figures. In general, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, turbo-propeller (under X kW) imports reduced markedly to $X in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units), distantly followed by China (X units), Hong Kong SAR (X units) and South Korea (X units) represented the largest importers of turbo-propellers of a power not exceeding X kW, together comprising X% of total imports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported turbo-propellers of a power not exceeding X kW in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and China (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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