Overview of the Global Market for Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Market Size for Turbo-Propellers Of A Power Not Exceeding 1,100 kW

The global turbo-propeller (under X kW) market shrank to $X in 2022, declining by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the global market failed to regain momentum.

Production of Turbo-Propellers Of A Power Not Exceeding X kW

In value terms, turbo-propeller (under X kW) production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Global production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Exports

In 2022, shipments abroad of turbo-propellers of a power not exceeding X kW increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The global exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, turbo-propeller (under X kW) exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

Canada prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by the United States (X units), committing a X% share of total exports. Singapore (X units), the Czech Republic (X units), the UK (X units), France (X units), Spain (X units), Japan (X units) and China (X units) followed a long way behind the leaders.

Canada experienced a relatively flat trend pattern with regard to volume of exports of turbo-propellers of a power not exceeding X kW. At the same time, Japan (X%), China (X%), Spain (X%), the UK (X%), the Czech Republic (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, France (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada, Japan, the UK, Spain, the Czech Republic, Singapore and China increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Canada ($X) remains the largest turbo-propeller (under X kW) supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Singapore ($X), with a X% share of global exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the average turbo-propeller (under X kW) export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price 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. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while Japan ($X per unit) was amongst the lowest.

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

Imports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Imports

In 2022, purchases abroad of turbo-propellers of a power not exceeding X kW increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, turbo-propeller (under X kW) imports skyrocketed to $X in 2022. Overall, imports, however, saw a slight descent. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the main importer of turbo-propellers of a power not exceeding X kW in the world, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Ethiopia (X units) ranks second in terms of the total imports with a X% share, followed by the United States (X%). The UK (X units), Singapore (X units) and Colombia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to turbo-propeller (under X kW) imports into Nigeria stood at X%. At the same time, Ethiopia (X%) and the UK (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, the United States (X%) and Singapore (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Ethiopia (X p.p.) and the UK (X p.p.) significantly strengthened its position in terms of the global imports, while Singapore and the United States saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported turbo-propellers of a power not exceeding X kW worldwide, comprising X% of global imports. The second position in the ranking was taken by the UK ($X), with an X% share of global imports. It was followed by Singapore, with a X% share.

In the United States, turbo-propeller (under X kW) imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the average turbo-propeller (under X kW) import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a slight setback. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Global import price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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