India: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2024

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

The Indian turbo-jet (under X kN) market expanded notably to $X in 2022, surging by 5.1% against the previous year. Overall, consumption showed noticeable growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

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

In value terms, turbo-jet (under X kN) production stood at $X in 2022 estimated in export price. In general, production recorded significant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 646%. Turbo-jet (under X kN) production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from India

In 2022, the amount of turbo-jets of a thrust not exceeding X kN exported from India shrank remarkably to X units, waning by -42.4% compared with 2021. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 1,149,360% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, turbo-jet (under X kN) exports contracted notably to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 2,326,882% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units), Singapore (X units) and the United States (X units) were the main destinations of turbo-jet (under X kN) exports from India, together accounting for 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +111.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for turbo-jets of a thrust not exceeding X kN exports from India, comprising 45% of total exports. The second position in the ranking was taken by Singapore ($X), with a 22% share of total exports. It was followed by Canada, with a 22% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +187.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+156.9% per year) and Canada (+179.2% per year).

Export Prices by Country

In 2022, the average turbo-jet (under X kN) export price amounted to $X per unit, with an increase of 32% against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 707%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Canada ($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 China (+2,037.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

In 2022, turbo-jet (under X kn) imports into India reduced markedly to X units, which is down by -64.7% on the year before. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 1,569% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, turbo-jet (under X kN) imports reduced remarkably to $X in 2022. In general, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2018 when imports increased by 1,727% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), the United States (X units) and Canada (X units) were the main suppliers of turbo-jet (under X kN) imports to India, together comprising 85% of total imports. Moreover, turbo-jet (under X kN) imports in Germany exceeded the figures recorded by the second-largest supplier, the United States, twofold.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo-jet (under X kN) suppliers to India were the United States ($X), Canada ($X) and Germany ($X), together accounting for 77% of total imports. France, Singapore, Australia, Switzerland, the UK, the Czech Republic, Taiwan (Chinese) and China lagged somewhat behind, together comprising a further 23%.

Switzerland, with a CAGR of +35.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average turbo-jet (under X kN) import price stood at $X per unit in 2022, increasing by 123% against the previous year. Overall, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 an increase of 135% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+35.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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