Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand - 2024
Contents:
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand (CIF) - 2022
- Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand (FOB) - 2022
- Imports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand
- Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand
Price for Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand (CIF) - 2022
In 2022, the average import price for turbo-jets, turbo-propellers and other gas turbineses amounted to $625 thousand per unit, which is down by -6.6% against the previous year. Overall, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 51% against the previous year. The import price peaked at $1.2 million per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($6.8 million per unit), while the price for Turkey ($71 thousand per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+51.9%), 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 Thailand (FOB) - 2022
In 2022, the average export price for turbo-jets, turbo-propellers and other gas turbineses amounted to $305 thousand per unit, declining by -38.5% against the previous year. Over the period under review, the export price, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2013 an increase of 79%. The export price peaked at $763 thousand per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($719 thousand per unit), while the average price for exports to Lao People's Democratic Republic ($976 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 Bangladesh (+198.8%), 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 Thailand
For the fourth consecutive year, Thailand recorded growth in purchases abroad of turbo-jets, turbo-propellers and other gas turbineses, which increased by 18% to 2K units in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of turbo-jets, turbo-propellers and other gas turbineses reached $1.2B in 2022. Overall, imports recorded a relatively flat trend pattern. Imports peaked at $1.3B in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 549 | 695 | 362 | 356 | -13.4% |
| United Kingdom | 320 | 240 | 197 | 311 | -0.9% |
| Sweden | 142 | 159 | 204 | 232 | 17.8% |
| Japan | 61.9 | 73.8 | 106 | 167 | 39.2% |
| Germany | 21.7 | 27.3 | 131 | 31.3 | 13.0% |
| Israel | 0.2 | N/A | 0.5 | 21.4 | 374.7% |
| Italy | 21.3 | 38.6 | 24.0 | 18.8 | -4.1% |
| United Arab Emirates | N/A | N/A | N/A | 10.6 | 0% |
| Turkey | 0.1 | 0.2 | 9.4 | 3.1 | 214.1% |
| Others | 113 | 102 | 83.7 | 81.2 | -10.4% |
| Total | 1,229 | 1,335 | 1,119 | 1,233 | 0.1% |
Top Suppliers of Turbo-Jets, Turbo-Propellers and Other Gas Turbines to Thailand in 2022:
- Japan (683.0 units)
- United States (495.0 units)
- Sweden (337.0 units)
- United Arab Emirates (72.0 units)
- Israel (57.0 units)
- Germany (53.0 units)
- United Kingdom (46.0 units)
- Turkey (44.0 units)
- Italy (35.0 units)
Exports of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand
In 2022, the amount of turbo-jets, turbo-propellers and other gas turbineses exported from Thailand skyrocketed to 1.2K units, picking up by 94% compared with the previous year's figure. Over the period under review, exports saw significant 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 $351M in 2022. The total export value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the exports of hit record highs at $376M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Turbo-Jets, Turbo-Propellers and Other Gas Turbines in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 88.6 | 65.3 | 58.1 | 58.5 | -12.9% |
| China | 47.7 | 52.5 | 62.4 | 57.5 | 6.4% |
| Japan | 20.6 | 28.9 | 23.0 | 40.6 | 25.4% |
| Germany | 39.5 | 38.0 | 23.3 | 39.5 | 0.0% |
| Singapore | 49.5 | 63.3 | 34.9 | 30.3 | -15.1% |
| United Kingdom | 9.4 | 12.4 | 17.8 | 17.4 | 22.8% |
| Sweden | 2.5 | 13.5 | 3.5 | 11.1 | 64.4% |
| Bangladesh | 0.1 | 4.6 | 2.7 | 8.8 | 344.8% |
| Saudi Arabia | 0.7 | 0.6 | 3.2 | 6.3 | 108.0% |
| Mexico | N/A | N/A | N/A | 5.0 | 0% |
| Israel | 0.5 | 2.5 | 1.1 | 3.5 | 91.3% |
| Oman | 0.5 | 0.3 | 0.6 | 1.4 | 40.9% |
| Lao People's Democratic Republic | N/A | 15.2 | 2.4 | N/A | -84.2% |
| Others | 75.5 | 78.8 | 61.3 | 71.3 | -1.9% |
| Total | 335 | 376 | 294 | 351 | 1.6% |
Top Export Markets for Turbo-Jets, Turbo-Propellers and Other Gas Turbines from Thailand in 2022:
- Mexico (193.0 units)
- United States (181.0 units)
- Germany (121.0 units)
- Japan (83.0 units)
- China (80.0 units)
- Israel (64.0 units)
- Singapore (55.0 units)
- United Kingdom (46.0 units)
- Sweden (46.0 units)
- Saudi Arabia (37.0 units)
- Bangladesh (31.0 units)
- Oman (28.0 units)
- Lao People's Democratic Republic (1.0 units)
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