Southern Asia: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

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

In 2021, the South Asian turbo-jet (over X kn) market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption saw a prominent increase. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

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

In value terms, turbo-jet (over X kn) production shrank significantly to $X in 2021 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 1,441% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in Southern Asia

In 2021, overseas shipments of turbo-jets of a thrust exceeding X kn decreased by -15.2% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 with an increase of 684%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, turbo-jet (over X kn) exports fell to $X in 2021. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,446% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

India prevails in exports structure, finishing at X units, which was near 97% of total exports in 2021. Sri Lanka (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the turbo-jets of a thrust exceeding X kn exports, with a CAGR of +39.9% from 2012 to 2021. At the same time, Sri Lanka (+19.6%) displayed positive paces of growth. While the share of India (+37 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sri Lanka (-2.4 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest turbo-jet (over X kn) supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 0.5% share of total exports.

In India, turbo-jet (over X kn) exports increased at an average annual rate of +73.0% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, with an increase of 4.1% against the previous year. In general, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2017 an increase of 97%. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+23.3%).

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in Southern Asia

After five years of decline, purchases abroad of turbo-jets of a thrust exceeding X kn increased by 9.6% to X units in 2021. In general, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 2,419%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, turbo-jet (over X kn) imports rose sharply to $X in 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 138% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India prevails in imports structure, reaching X units, which was near 89% of total imports in 2021. It was distantly followed by Afghanistan (X units), mixing up a 6.4% share of total imports. Sri Lanka (X units) held a little share of total imports.

India was also the fastest-growing in terms of the turbo-jets of a thrust exceeding X kn imports, with a CAGR of +39.9% from 2012 to 2021. Sri Lanka (-11.1%) and Afghanistan (-17.9%) illustrated a downward trend over the same period. While the share of India (+81 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sri Lanka (-10.4 p.p.) and Afghanistan (-65.3 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported turbo-jets of a thrust exceeding X kn in Southern Asia, comprising 97% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 1.1% share of total imports.

In India, turbo-jet (over X kn) imports increased at an average annual rate of +41.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+1.0% per year) and Afghanistan (-38.2% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, approximately mirroring the previous year. Overall, the import price recorded a significant increase. The most prominent rate of growth was recorded in 2017 when the import price increased by 350%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+13.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :