Overview of the Global Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN

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

The global turbo-jet (under X kN) market reduced dramatically to $X in 2022, waning by -30.3% against the previous year. Overall, consumption recorded a mild slump. Global consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, turbo-jet (under X kN) production declined to $X in 2022 estimated in export price. Overall, production, however, showed perceptible growth. The growth pace was the most rapid in 2015 with an increase of 122% against the previous year. Global production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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

Exports

In 2022, approx. X units of turbo-jets of a thrust not exceeding X kN were exported worldwide; dropping by -38.3% compared with 2021. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2013 with an increase of 3,980%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the global exports failed to regain momentum.

In value terms, turbo-jet (under X kN) exports dropped notably to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

India was the main exporter of turbo-jets of a thrust not exceeding X kN in the world, with the volume of exports finishing at X units, which was near 57% of total exports in 2022. It was distantly followed by the UK (X units) and Turkey (X units), together generating a 25% share of total exports. Germany (X units), China (X units), the United States (X units) and Ukraine (X units) held a little share of total exports.

India was also the fastest-growing in terms of the turbo-jets of a thrust not exceeding X kN exports, with a CAGR of +86.4% from 2012 to 2022. At the same time, China (+55.9%), the United States (+19.7%), Ukraine (+15.7%), the UK (+8.5%), Turkey (+7.7%) and Germany (+4.7%) displayed positive paces of growth. While the share of India (+56 p.p.) and China (+3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Turkey (-2.1 p.p.), Germany (-3 p.p.) and the UK (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest turbo-jet (under X kN) supplying countries worldwide were the United States ($X), the UK ($X) and Ukraine ($X), with a combined 49% share of global exports. Germany, India, China and Turkey lagged somewhat behind, together comprising a further 7.3%.

In terms of the main exporting countries, India, with a CAGR of +146.1%, 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 (under X kN) export price stood at $X per unit in 2022, rising by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2015 when the average export price increased by 1,033% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while India ($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 (+32.0%), while the other global leaders experienced mixed trends in the export price figures.

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

Imports

Global turbo-jet (under X kN) imports declined notably to X units in 2022, shrinking by -38.9% on the previous year's figure. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 126%. Over the period under review, global imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, turbo-jet (under X kN) imports dropped slightly to $X in 2022. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 17%. Over the period under review, global imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The UK was the key importing country with an import of about X units, which resulted at 32% of total imports. It was distantly followed by Azerbaijan (X units), Norway (X units), Japan (X units), Lebanon (X units) and Turkey (X units), together generating a 37% share of total imports. The Netherlands (X units), Spain (X units), the United States (X units), China (X units) and South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to turbo-jet (under X kN) imports into the UK stood at +8.2%. At the same time, Azerbaijan (+113.9%), Lebanon (+93.9%), Norway (+85.7%), the Netherlands (+39.6%), China (+30.4%), South Korea (+8.8%), the United States (+6.0%) and Japan (+2.8%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the world, with a CAGR of +113.9% from 2012-2022. By contrast, Spain (-3.5%) and Turkey (-14.9%) illustrated a downward trend over the same period. While the share of the UK (+27 p.p.), Azerbaijan (+11 p.p.), Norway (+9 p.p.), Lebanon (+5.9 p.p.), Japan (+4.7 p.p.), the Netherlands (+4.3 p.p.), the United States (+2.8 p.p.), China (+2.7 p.p.), South Korea (+1.9 p.p.) and Spain (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Turkey (-4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported turbo-jets of a thrust not exceeding X kN worldwide, comprising 27% of global imports. The second position in the ranking was held by the UK ($X), with a 9.7% share of global imports. It was followed by China, with a 3.1% share.

In the United States, turbo-jet (under X kN) imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+4.7% per year) and China (-0.1% per year).

Import Prices by Country

The average turbo-jet (under X kN) import price stood at $X per unit in 2022, increasing by 60% against the previous year. Overall, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 144% against the previous year. Global import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :