Philippines: Market for Turbo-Propellers Of A Power Not Exceeding 1,100 kW 2025

Market Size for Turbo-Propellers Of A Power Not Exceeding 1,100 kW in the Philippines

In 2022, the Philippine turbo-propeller (under X kW) market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a deep slump. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Production of Turbo-Propellers Of A Power Not Exceeding X kW in the Philippines

In value terms, turbo-propeller (under X kW) production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in years to come.

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

Exports from the Philippines

Turbo-propeller (under X kW) exports from the Philippines soared to X units in 2022, increasing by X% compared with 2021. Over the period under review, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, turbo-propeller (under X kW) exports contracted sharply to $X in 2022. Overall, exports showed a significant expansion. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Australia (X units), the United States (X units) and Denmark (X units) were the main destinations of turbo-propeller (under X kW) exports from the Philippines, with a combined X% share of total exports.

From 2016 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and Denmark ($X) appeared to be the largest markets for turbo-propeller (under X kW) exported from the Philippines worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average turbo-propeller (under X kW) export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price, however, continues to indicate a remarkable increase. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then shrank markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%).

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

Imports into the Philippines

After two years of decline, overseas purchases of turbo-propellers of a power not exceeding X kW decreased by X% to X units in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. 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 (under X kW) imports reduced markedly to $X in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X units) was the main turbo-propeller (under X kW) supplier to the Philippines, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Australia was relatively modest.

In value terms, Australia ($X) constituted the largest supplier of turbo-propellers of a power not exceeding X kW to the Philippines.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%.

Import Prices by Country

In 2022, the average turbo-propeller (under X kW) import price amounted to $X per unit, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Source: IndexBox Platform

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