Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia - 2024

Contents:

  1. Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia (CIF) - 2022
  2. Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia (FOB) - 2024
  3. Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia
  4. Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia

Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia (CIF) - 2022

In 2022, the average import price for turbo-jets, turbo-propellers and other gas turbineses amounted to $2 million per unit, rising by 14% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 81%. The import price peaked at $2.9 million per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($5.2 million per unit), while the price for Croatia ($259 thousand per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia (FOB) - 2024

In April 2024, the average export price for turbo-jets, turbo-propellers and other gas turbineses amounted to $2.5M per unit, picking up by 98% against the previous month. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 130% against the previous month. Over the period under review, the average export prices reached the maximum at $3.7M per unit in December 2023; however, from January 2024 to April 2024, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($2.9M per unit), while the average price for exports to Singapore ($774K per unit) was amongst the lowest.

From May 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia

In 2022, overseas purchases of turbo-jets, turbo-propellers and other gas turbineses decreased by -30.2% to 443 units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.2% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of 635 units, and then shrank dramatically in the following year.

In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses fell rapidly to $888M in 2022. Over the period under review, imports recorded a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $1.1B, and then reduced dramatically in the following year.

Import of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5185636905200.1%
France74.911010267.2-3.6%
Canada11193.410264.4-16.6%
United Kingdom97.838.232.041.2-25.0%
Switzerland35.118.125.227.7-7.6%
Sweden27.524.626.423.1-5.6%
China5.217.87.820.758.5%
Germany24.313.918.712.2-20.5%
Croatia2.52.00.15.731.6%
Italy32.944.415.20.3-79.1%
Others82.153.91021068.9%
Total1,0119791,121888-4.2%

Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Australia in 2022:

  1. United States (211.0 units)
  2. China (57.0 units)
  3. Sweden (40.0 units)
  4. Croatia (22.0 units)
  5. Canada (18.0 units)
  6. United Kingdom (14.0 units)
  7. France (13.0 units)
  8. Switzerland (7.0 units)
  9. Germany (5.0 units)
  10. Italy (1.0 units)

Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia

In 2022, the amount of turbo-jets, turbo-propellers and other gas turbineses exported from Australia reached 216 units, growing by 9.1% against 2021. Over the period under review, exports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. As a result, the exports attained the peak of 370 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of turbo-jets, turbo-propellers and other gas turbineses reduced to $199M in 2022. The total export value increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. As a result, the exports reached the peak of $260M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States62.411892.081.99.5%
Singapore22.438.617.99.9-23.8%
New Zealand11.35.93.48.9-7.6%
United Kingdom9.910.98.97.4-9.2%
Canada14.512.515.17.1-21.2%
Papua New Guinea4.81.23.44.4-2.9%
France6.710.26.63.4-20.2%
China1.42.92.52.521.3%
ThailandN/A1.7N/A2.521.3%
Malaysia3.00.20.81.6-18.9%
Japan3.40.20.31.5-23.9%
Denmark5.64.50.30.7-50.0%
Germany8.625.311.50.2-71.5%
Others38.627.751.466.720.0%
Total1932602141991.0%

Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Australia in 2022:

  1. United States (40.0 units)
  2. Singapore (11.0 units)
  3. New Zealand (6.0 units)
  4. United Kingdom (4.0 units)
  5. Thailand (4.0 units)
  6. Canada (3.0 units)
  7. Japan (3.0 units)
  8. China (3.0 units)
  9. Papua New Guinea (2.0 units)
  10. France (2.0 units)
  11. Malaysia (2.0 units)
  12. Denmark (1.0 units)
  13. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform

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