Singapore: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2025

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

In 2021, after four years of growth, there was decline in the Singaporean turbo-jet (over X kn) market, when its value decreased by -4.7% to $X. Overall, consumption, however, recorded significant growth. Turbo-jet (over X kn) consumption peaked at $X in 2020, and then reduced in the following year.

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

In value terms, turbo-jet (over X kn) production fell dramatically to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +24.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48% against the previous year. As a result, production attained the peak level of $X, and then declined remarkably in the following year.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports from Singapore

In 2021, overseas shipments of turbo-jets of a thrust exceeding X kn decreased by -35.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 363%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, turbo-jet (over X kn) exports dropped notably to $X in 2021. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 397%. The exports peaked at $X in 2020, and then plummeted in the following year.

Exports by Country

Taiwan (Chinese) (X units), the United States (X units) and Hong Kong SAR (X units) were the main destinations of turbo-jet (over X kn) exports from Singapore, together comprising 41% of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +45.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Hong Kong SAR ($X) appeared to be the largest markets for turbo-jet (over X kn) exported from Singapore worldwide, together comprising 55% of total exports. China, New Zealand, India, Malaysia, Indonesia, Japan, the UK, Taiwan (Chinese), Australia and Germany lagged somewhat behind, together accounting for a further 31%.

Malaysia, with a CAGR of +116.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average turbo-jet (over X kn) export price amounted to $X per unit, picking up by 9% against the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 87%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports into Singapore

In 2021, supplies from abroad of turbo-jets of a thrust exceeding X kn decreased by -23% to X units for the first time since 2015, thus ending a five-year rising trend. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 359%. Imports peaked at X units in 2020, and then fell rapidly in the following year.

In value terms, turbo-jet (over X kn) imports fell to $X in 2021. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 826%. Imports peaked at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, the United States (X units) constituted the largest turbo-jet (over X kn) supplier to Singapore, with a 58% share of total imports. Moreover, turbo-jet (over X kn) imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was held by Canada (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+32.7% per year) and Canada (+42.7% per year).

In value terms, the largest turbo-jet (over X kn) suppliers to Singapore were the United States ($X), the UK ($X) and China ($X), together accounting for 86% of total imports. These countries were followed by Canada, France and Taiwan (Chinese), which together accounted for a further 4.5%.

Taiwan (Chinese), with a CAGR of +2,375.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average turbo-jet (over X kn) import price amounted to $X per unit, jumping by 20% against the previous year. In general, the import price showed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 142%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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