Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan - 2023
Contents:
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan (CIF) - 2022
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan (FOB) - 2022
- Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan
- Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan (CIF) - 2022
The average import price for turbo-jets, turbo-propellers and other gas turbineses stood at $129 thousand per unit in 2022, falling by -16.5% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for turbo-jets, turbo-propellers and other gas turbineses increased by +38.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 57% against the previous year. The import price peaked at $184 thousand per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($316 thousand per unit), while the price for the Netherlands ($37 thousand per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.3%), 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 Pakistan (FOB) - 2022
The average export price for turbo-jets, turbo-propellers and other gas turbineses stood at $531 thousand per unit in 2022, picking up by 9.8% against the previous year. In general, the export price continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 an increase of 335%. Over the period under review, the average export prices reached the maximum at $1.8 million per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($6.3 million per unit), while the average price for exports to Belgium ($3.5 thousand 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 Germany (+92.0%), 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 Pakistan
In 2022, the amount of turbo-jets, turbo-propellers and other gas turbineses imported into Pakistan declined to 1.1K units, dropping by -11.7% against 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. As a result, imports reached the peak of 1.3K units, and then fell in the following year.
In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses shrank markedly to $143M in 2022. In general, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 136%. As a result, imports attained the peak of $193M, and then fell remarkably in the following year.
| Import of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 48.3 | 21.5 | 26.3 | 68.6 | 12.4% |
| Hungary | 1.8 | 1.1 | 7.7 | 24.6 | 139.1% |
| France | 22.0 | 30.8 | 34.0 | 18.5 | -5.6% |
| China | 2.6 | 4.2 | 6.8 | 9.2 | 52.4% |
| Germany | 5.6 | 5.2 | 51.3 | 7.9 | 12.2% |
| Italy | 9.7 | 5.1 | 4.3 | 6.0 | -14.8% |
| Sweden | N/A | 0.1 | N/A | 2.0 | 347.2% |
| Netherlands | N/A | 0.1 | 53.2 | N/A | 53100.0% |
| Others | 14.4 | 13.7 | 9.7 | 5.8 | -26.1% |
| Total | 105 | 81.9 | 193 | 143 | 10.8% |
Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Pakistan in 2022:
- Hungary (410.0 units)
- United States (331.0 units)
- France (152.0 units)
- Germany (55.0 units)
- Italy (39.0 units)
- Sweden (33.0 units)
- China (29.0 units)
- Netherlands (1.0 units)
Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan
After two years of decline, overseas shipments of turbo-jets, turbo-propellers and other gas turbineses increased by 271% to 52 units in 2022. Overall, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of turbo-jets, turbo-propellers and other gas turbineses skyrocketed to $28M in 2022. Over the period under review, exports, however, saw a precipitous decline. The exports peaked at $67M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.8 | 8.5 | 4.6 | 9.6 | -15.3% |
| Singapore | 14.9 | N/A | N/A | 6.3 | -24.9% |
| Saudi Arabia | 5.4 | 3.8 | N/A | 4.7 | -4.5% |
| United Arab Emirates | 0.8 | 1.0 | N/A | 3.0 | 55.4% |
| Netherlands | 3.7 | N/A | N/A | 1.1 | -33.3% |
| Italy | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| Czech Republic | 2.1 | 0.8 | N/A | 1.1 | -19.4% |
| South Korea | N/A | 0.2 | N/A | 0.3 | 22.5% |
| Canada | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | N/A | 2.9 | N/A | 0.1 | -81.4% |
| Germany | 0.8 | 1.2 | N/A | N/A | 50.0% |
| Belgium | N/A | N/A | N/A | N/A | 0% |
| China | 18.0 | 0.8 | N/A | N/A | -95.6% |
| Others | 5.3 | 1.1 | 2.0 | N/A | -38.6% |
| Total | 66.7 | 20.3 | 6.8 | 27.6 | -25.5% |
Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Pakistan in 2022:
- United States (21.0 units)
- Saudi Arabia (11.0 units)
- United Arab Emirates (7.0 units)
- Italy (6.0 units)
- Canada (1.0 units)
- Netherlands (1.0 units)
- Czech Republic (1.0 units)
- Singapore (1.0 units)
- United Kingdom (1.0 units)
- Belgium (1.0 units)
- South Korea (1.0 units)
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