GCC: 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 GCC

The GCC turbo-propeller (over X kW) market reached $X in 2022, leveling off at the previous year. Overall, consumption, however, saw a prominent increase. 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-Propellers Of A Power Exceeding X kW in GCC

In value terms, turbo-propeller (over X kW) production declined to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports in GCC

In 2022, shipments abroad of turbo-propellers of a power exceeding X kW was finally on the rise to reach X units after three years of decline. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 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 United Arab Emirates dominates exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Saudi Arabia (X units), comprising a X% share of total exports. Oman (X units) followed a long way behind the leaders.

The United Arab Emirates 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. Saudi Arabia (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Saudi Arabia increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest turbo-propeller (over X kW) supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, turbo-propeller (over X kW) exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price showed a remarkable increase. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Saudi Arabia ($X per unit), while Oman ($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 (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 GCC

In 2022, the amount of turbo-propellers of a power exceeding X kW imported in GCC contracted significantly to X units, declining by X% against the previous year. Overall, imports saw a significant decrease. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, turbo-propeller (over X kW) imports surged to $X in 2022. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the major importer of turbo-propellers of a power exceeding X kW, creating X% of total imports. Oman (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (X%) and Qatar (X%). Bahrain (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Qatar ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Oman, with a CAGR of X%, recorded 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

In 2022, the import price in GCC amounted to $X per unit, picking up by X% against the previous year. In general, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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 Qatar ($X,718 per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform