EU: 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 the EU

In 2022, the EU turbo-propeller (over X kW) market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, turbo-propeller (over X kW) production fell to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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

Exports in the EU

In 2022, overseas shipments of turbo-propellers of a power exceeding X kW increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient increase. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands represented the key exporter of turbo-propellers of a power exceeding X kW in the European Union, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Germany (X units) ranks second in terms of the total exports with a X% share, followed by Spain (X%) and Belgium (X%). The following exporters - the Czech Republic (X units), France (X units) and Poland (X units) - each resulted at a X% share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Belgium (X%), Spain (X%), the Czech Republic (X%) and France (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. While the share of the Netherlands (X p.p.), Belgium (X p.p.), Spain (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Poland ($X,966 per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

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

Imports in the EU

In 2022, the amount of turbo-propellers of a power exceeding X kW imported in the European Union fell markedly to X units, dropping by X% on the previous year. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 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 expanded markedly to $X in 2022. Over the period under review, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X units) was the major importer of turbo-propellers of a power exceeding X kW, constituting X% of total imports. Denmark (X units) held the second position in the ranking, followed by France (X units), Sweden (X units), Poland (X units), Italy (X units) and the Netherlands (X units). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to turbo-propeller (over X kW) imports into Spain stood at X%. At the same time, Denmark (X%), Poland (X%), France (X%), the Netherlands (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) illustrated a downward trend over the same period. While the share of Spain (X p.p.), Denmark (X p.p.), France (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (X p.p.) and Italy (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest turbo-propeller (over X kW) importing markets in the European Union were Spain ($X), Poland ($X) and France ($X), together comprising X% of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X,186 per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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