Singapore: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2025

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in Singapore

In 2022, the Singaporean turbo-jet (under X kN) market decreased by -0.4% to $X, falling for the third year in a row after three years of growth. In general, consumption, however, posted a buoyant increase. Turbo-jet (under X kN) consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in Singapore

In value terms, turbo-jet (under X kN) production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a deep reduction. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports from Singapore

Turbo-jet (under X kN) exports from Singapore contracted markedly to X units in 2022, shrinking by -64.2% against 2021 figures. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2018 when exports increased by 538% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, turbo-jet (under X kN) exports shrank dramatically to $X in 2022. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 2,082%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for turbo-jet (under X kN) exports from Singapore, with a 74% share of total exports. Moreover, turbo-jet (under X kN) exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold. The third position in this ranking was held by the Philippines (X units), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (0.0% per year) and the Philippines (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for turbo-jets of a thrust not exceeding X kN exports from Singapore, comprising 61% of total exports. The second position in the ranking was held by India ($X), with a 20% share of total exports. It was followed by Nepal, with a 19% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.6% per year) and Nepal (+72.7% per year).

Export Prices by Country

In 2022, the average turbo-jet (under X kN) export price amounted to $X per unit, rising by 14% against the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2016 an increase of 1,926% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+205.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports into Singapore

In 2022, approx. X units of turbo-jets of a thrust not exceeding X kN were imported into Singapore; waning by -79.6% on 2021 figures. Overall, imports showed a sharp reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 422%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, turbo-jet (under X kN) imports fell rapidly to $X in 2022. In general, imports showed a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of 820%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Canada (X units), the United States (X units) and Germany (X units) were the main suppliers of turbo-jet (under X kN) imports to Singapore, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +28.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of turbo-jets of a thrust not exceeding X kN to Singapore, comprising 72% of total imports. The second position in the ranking was taken by the United States ($X), with a 19% share of total imports. It was followed by India, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.8% per year) and India (+44.7% per year).

Import Prices by Country

In 2022, the average turbo-jet (under X kN) import price amounted to $X per unit, jumping by 66% against the previous year. In general, the import price enjoyed a significant increase. The growth pace was the most rapid in 2014 when the average import price increased by 123%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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