MENA: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

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

In 2021, the MENA's turbo-jet (over X kn) market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, turbo-jet (over X kn) production amounted to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% 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 increased by +4.1% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 49% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in MENA

In 2021, the amount of turbo-jets of a thrust exceeding X kn exported in MENA shrank sharply to X units, dropping by -22.2% on 2020. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 17%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, turbo-jet (over X kn) exports expanded sharply to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 74%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X units), distantly followed by the United Arab Emirates (X units), Jordan (X units), Bahrain (X units) and Kuwait (X units) represented the major exporters of turbo-jets of a thrust exceeding X kn, together making up 83% of total exports. The following exporters - Morocco (X units) and Saudi Arabia (X units) - each recorded a 7.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Jordan (with a CAGR of +29.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest turbo-jet (over X kn) supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined 58% share of total exports. Saudi Arabia, Bahrain, Jordan and Morocco lagged somewhat behind, together comprising a further 35%.

In terms of the main exporting countries, Bahrain, with a CAGR of +34.3%, recorded the highest rates of growth with regard to 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 MENA stood at $X per unit in 2021, growing by 47% against the previous year. Overall, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 74%. The level of export peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+53.2%), while the other leaders experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in MENA

In 2021, approx. X units of turbo-jets of a thrust exceeding X kn were imported in MENA; surging by 15% against the year before. Over the period under review, imports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, turbo-jet (over X kn) imports reduced to $X in 2021. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 65% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Qatar (X units) and Morocco (X units) represented roughly 63% of total imports in 2021. Israel (X units) took an 8.5% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (5.8%) and Jordan (5.7%). Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +69.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turbo-jet (over X kn) importing markets in MENA were Qatar ($X), the United Arab Emirates ($X) and Israel ($X), together comprising 74% of total imports.

Qatar, with a CAGR of +251.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, with a decrease of -17.8% against the previous year. Over the period under review, the import price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 372% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+126.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform