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Report Republic of Korea - Turbo-Propellers of A Power Exceeding 1,100 Kw - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Republic of Korea - Turbo-Propellers of A Power Exceeding 1,100 Kw - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Market for Turbo-Propellers Of A Power Exceeding 1,100 kW 2025

Market Size for Turbo-Propellers Of A Power Exceeding 1,100 kW in Republic of Korea

In 2022, the South Korean turbo-propeller (over X kW) market decreased by X% to $X, falling for the fifth year in a row after two years of growth. Over the period under review, consumption continues to indicate a pronounced decline. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Turbo-Propellers Of A Power Exceeding X kW in Republic of Korea

In value terms, turbo-propeller (over X kW) production declined to $X in 2022 estimated in export price. Overall, production saw a pronounced descent. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports from Republic of Korea

In 2022, approx. X units of turbo-propellers of a power exceeding X kW were exported from South Korea; dropping by X% against the year before. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 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, however, saw a remarkable increase. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X units) was the main destination for turbo-propeller (over X kW) exports from South Korea, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to X%.

In value terms, Malaysia ($X) emerged as the key foreign market for turbo-propellers of a power exceeding X kW exports from South Korea.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to X%.

Export Prices by Country

The average turbo-propeller (over X kW) export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price recorded a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

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

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

Imports into Republic of Korea

In 2022, purchases abroad of turbo-propellers of a power exceeding X kW decreased by X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, turbo-propeller (over X kW) imports shrank significantly to $X in 2022. Overall, imports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) was the main turbo-propeller (over X kW) supplier to South Korea, accounting for a X% share of total imports. Moreover, turbo-propeller (over X kW) imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of turbo-propellers of a power exceeding X kW to South Korea, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports.

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

Import Prices by Country

The average turbo-propeller (over X kW) import price stood at $X,048 per unit in 2022, jumping by X% against the previous year. In general, the import price showed a prominent increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X,102 per unit), while the price for Spain totaled $X per unit.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Yemen constituted the country with the largest volume of turbo-propeller consumption, accounting for 28% of total volume. Moreover, turbo-propeller consumption in Yemen exceeded the figures recorded by the second-largest consumer, Canada, twofold. Singapore ranked third in terms of total consumption with a 9.1% share.
The countries with the highest volumes of in 2021 were Yemen, Singapore and Canada, together accounting for 67% of global production.
In value terms, the United States constituted the largest supplier of turbo-propeller to South Korea, comprising 84% of total imports. The second position in the ranking was occupied by Singapore, with an 8.7% share of total imports. It was followed by Germany, with a 4.5% share.
In value terms, Singapore emerged as the key foreign market for turbo-propeller exports from South Korea, comprising 73% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 16% share of total exports. It was followed by Ukraine, with a 5.1% share.
The average turbo-propeller export price stood at $122,204 per unit in 2021, shrinking by -33.2% against the previous year.
In 2021, the average turbo-propeller import price amounted to $240,933 per unit, falling by -26.5% against the previous year.

This report provides an in-depth analysis of the market for turbo-propeller (over 1100 kw) in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 30301200 - Turbo-jets and turbo-propellers, for civil use

Country coverage:

  • South Korea

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Republic of Korea
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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