Sweden: Market for Turbo-Propellers Of A Power Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Exceeding 1,100 kW in Sweden

The Swedish turbo-propeller (over X kW) market was estimated at $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, turbo-propeller (over X kW) production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from Sweden

For the third year in a row, Sweden recorded growth in shipments abroad of turbo-propellers of a power exceeding X kW, which increased by X% to X units in 2022. Over the period under review, exports posted a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, turbo-propeller (over X kW) exports shrank notably to $X in 2022. In general, exports, however, showed a precipitous decline. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for turbo-propeller (over X kW) exports from Sweden, with a X% share of total exports. Moreover, turbo-propeller (over X kW) exports to the UK exceeded the volume sent to the second major destination, Norway (X units), threefold. Canada (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Canada (X% per year).

In value terms, the UK ($X), Canada ($X) and Norway ($X) appeared to be the largest markets for turbo-propeller (over X kW) exported from Sweden worldwide, together accounting for X% of total exports.

Canada, with a CAGR of X%, recorded 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 a decline.

Export Prices by Country

In 2022, the average turbo-propeller (over X kW) export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States ($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 Pakistan (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Sweden

In 2022, turbo-propeller (over X kw) imports into Sweden skyrocketed to X units, jumping by X% on the year before. Over the period under review, imports continue to indicate temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, turbo-propeller (over X kW) imports surged to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) was the main turbo-propeller (over X kW) supplier to Sweden, with 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, Canada (X units), more than tenfold.

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

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

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

Import Prices by Country

The average turbo-propeller (over X kW) import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a pronounced contraction. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for the United States amounted to $X per unit.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :