Overview of the Global Market for Turbo-Jets Of A Thrust Exceeding 25 kN

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

In 2021, the global turbo-jet (over X kn) market decreased by -20.9% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate pronounced growth. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the global market failed to regain momentum.

Production of Turbo-Jets Of A Thrust Exceeding X kN

In value terms, turbo-jet (over X kn) production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, global production growth remained at a somewhat lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports

In 2021, overseas shipments of turbo-jets of a thrust exceeding X kn were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, the global exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, turbo-jet (over X kn) exports amounted to $X in 2021. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 45% against the previous year. Over the period under review, the global exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the UK (X units), distantly followed by France (X units), Hong Kong SAR (X units), Canada (X units), Russia (X units), the Netherlands (X units), Singapore (X units) and Germany (X units) were the largest exporters of turbo-jets of a thrust exceeding X kn, together constituting 72% of total exports. The following exporters - India (X units), Ireland (X units), the United States (X units), Taiwan (Chinese) (X units) and Japan (X units) - together made up 13% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +39.9%), while the other global leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2021, with a combined 56% share of global exports. These countries were followed by Singapore, Russia, India, Germany, Ireland, Canada, the Netherlands, Taiwan (Chinese), the United States and Japan, which together accounted for a further 34%.

Among the main exporting countries, India, with a CAGR of +73.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average turbo-jet (over X kn) export price stood at $X per unit in 2021, with a decrease of -8.4% against the previous year. Overall, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 49%. The global export price peaked at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+23.3%), while the other global leaders experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports

In 2021, approx. X units of turbo-jets of a thrust exceeding X kn were imported worldwide; with a decrease of -38.4% on 2020 figures. In general, imports, however, saw tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,840% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of global imports remained at a somewhat lower figure.

In value terms, turbo-jet (over X kn) imports expanded sharply to $X in 2021. Overall, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. Over the period under review, global imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United States represented the largest importing country with an import of around X units, which finished at 47% of total imports. It was distantly followed by the UK (X units) and Singapore (X units), together achieving a 12% share of total imports. Hong Kong SAR (X units), France (X units), Canada (X units), Germany (X units), Zimbabwe (X units), Brazil (X units), the Dominican Republic (X units), China (X units) and India (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +26.0% from 2012 to 2021. At the same time, Zimbabwe (+50.7%), India (+39.9%), Singapore (+23.0%), Hong Kong SAR (+8.4%), China (+6.0%) and the UK (+3.3%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in the world, with a CAGR of +50.7% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Brazil (-2.3%), Canada (-3.6%), Germany (-7.7%) and the Dominican Republic (-8.0%) illustrated a downward trend over the same period. While the share of the United States (+38 p.p.), Singapore (+4.1 p.p.), Zimbabwe (+2.1 p.p.) and India (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Brazil (-1.7 p.p.), Canada (-3.3 p.p.), the Dominican Republic (-4.1 p.p.) and Germany (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), the UK ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 37% of global imports. Singapore, Germany, France, China, India, Brazil, Canada, Zimbabwe and the Dominican Republic lagged somewhat behind, together comprising a further 37%.

Among the main importing countries, India, with a CAGR of +41.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average turbo-jet (over X kn) import price stood at $X per unit in 2021, growing by 73% against the previous year. In general, the import price posted tangible growth. The growth pace was the most rapid in 2014 an increase of 2,858% against the previous year. Over the period under review, average import prices reached the peak figure 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 Hong Kong SAR ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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