Middle East: 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 the Middle East

The Middle Eastern turbo-propeller (under X kW) market contracted to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, 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 the Middle East

In value terms, turbo-propeller (under X kW) production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports in the Middle East

In 2022, shipments abroad of turbo-propellers of a power not exceeding X kW increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. 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 (under X kW) exports soared to $X in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Israel (X units) were the major exporters of turbo-propellers of a power not exceeding X kW in 2022, recording approx. X% and X% of total exports, respectively. Turkey (X units) ranks next in terms of the total exports with a X% share, followed by Bahrain (X%).

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) emerged as the largest turbo-propeller (under X kW) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Israel stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, increasing by X% against the previous year. In general, the export price saw a significant increase. As a result, the export price reached the peak level and is likely to continue 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 Israel ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

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

Imports in the Middle East

In 2022, after two years of decline, there was significant growth in overseas purchases of turbo-propellers of a power not exceeding X kW, when their volume increased by X% to X units. Over the period under review, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, turbo-propeller (under X kW) imports declined markedly to $X in 2022. Overall, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Israel (X units), the United Arab Emirates (X units) and Qatar (X units) represented roughly X% of total imports in 2022. Kuwait (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%). Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported turbo-propellers of a power not exceeding X kW in the Middle East, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with an X% share of total imports. It was followed by Israel, with a X% share.

In the United Arab Emirates, turbo-propeller (under X kW) imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2021, and then contracted significantly in the following year.

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 Oman ($X per unit), while Israel ($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

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