World - Turbo-Propellers Of A Power Not Exceeding 1,100 Kw - Market Analysis, Forecast, Size, Trends and Insights
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The article discusses the expected growth in the global turbo-propeller market (under 1100 kW) over the period from 2022 to 2030. The forecast indicates an increase in consumption volume and value, with a focus on key consuming and producing countries such as the Czech Republic, Canada, and Spain. Trends in imports and exports are also highlighted, showing fluctuations in prices and volumes over the years.
Market Forecast
Driven by rising demand for turbo-propeller (under 1100 kW) worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 30K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.6% for the period from 2022 to 2030, which is projected to bring the market value to $4.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Turbo-Propellers Of A Power Not Exceeding 1,100 kW
In 2022, approx. 24K units of turbo-propellers of a power not exceeding 1,100 kW were consumed worldwide; remaining relatively unchanged against 2021 figures. In general, consumption, however, showed a pronounced setback. The growth pace was the most rapid in 2016 when the consumption volume increased by 9.4% against the previous year. Over the period under review, global consumption hit record highs at 35K units in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
The global turbo-propeller (under 1100 kW) market size expanded rapidly to $3.4B in 2022, increasing by 8.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a slight contraction. Over the period under review, the global market hit record highs at $4.1B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the Czech Republic (7.3K units), Canada (3.8K units) and France (1.5K units), with a combined 54% share of global consumption. Belgium, Ireland, the United States, the UK, Portugal, the Netherlands, Singapore, Luxembourg and Spain lagged somewhat behind, together comprising a further 31%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Belgium (with a CAGR of +36.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Canada ($835M), the Czech Republic ($759M) and the United States ($378M) were the countries with the highest levels of market value in 2022, together comprising 57% of the global market. France, the UK, Singapore, Ireland, Spain, the Netherlands, Portugal, Luxembourg and Belgium lagged somewhat behind, together comprising a further 31%.
Among the main consuming countries, Belgium, with a CAGR of +35.2%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of turbo-propeller (under 1100 kW) per capita consumption in 2022 were the Czech Republic (685 units per million persons), Luxembourg (665 units per million persons) and Ireland (230 units per million persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Belgium (with a CAGR of +35.4%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Turbo-Propellers Of A Power Not Exceeding 1,100 kW
Global turbo-propeller (under 1100 kW) production soared to 27K units in 2022, picking up by 16% compared with the previous year. The total output volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, production reached the peak volume and is likely to continue growth in the immediate term.
In value terms, turbo-propeller (under 1100 kW) production expanded slightly to $3.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 28%. As a result, production attained the peak level of $4.1B. From 2016 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were the Czech Republic (7.9K units), Canada (7.2K units) and Spain (3.7K units), together accounting for 69% of global production. France, Belgium, Ireland, Portugal, the UK, the Netherlands and Singapore lagged somewhat behind, together accounting for a further 24%.
From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +29.1%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW
Global turbo-propeller (under 1100 kW) imports expanded rapidly to 6.2K units in 2022, surging by 5.9% on 2021. In general, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by 23%. Over the period under review, global imports attained the maximum at 19K units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, turbo-propeller (under 1100 kW) imports skyrocketed to $1.4B in 2022. Overall, imports, however, recorded a slight shrinkage. Global imports peaked at $1.6B in 2013; however, from 2014 to 2022, imports remained at a lower figure.
Imports By Country
In 2022, the United States (1.3K units), distantly followed by Luxembourg (880 units), the UK (389 units), Nigeria (335 units) and Singapore (319 units) represented the key importers of turbo-propellers of a power not exceeding 1,100 kW, together achieving 53% of total imports. The following importers - Switzerland (192 units), Germany (180 units), Italy (153 units), Colombia (143 units), Sweden (136 units), Australia (116 units) and India (96 units) - together made up 16% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Luxembourg (with a CAGR of +34.6%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($613M) constitutes the largest market for imported turbo-propellers of a power not exceeding 1,100 kW worldwide, comprising 45% of global imports. The second position in the ranking was held by the UK ($151M), with an 11% share of global imports. It was followed by Singapore, with a 6.2% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +1.2%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+13.2% per year) and Singapore (-7.9% per year).
Import Prices By Country
In 2022, the average turbo-propeller (under 1100 kW) import price amounted to $221,531 per unit, picking up by 19% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turbo-propeller (under 1100 kW) import price increased by +72.7% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 56%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($457,764 per unit), while Luxembourg ($3,074 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 (+16.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW
In 2022, shipments abroad of turbo-propellers of a power not exceeding 1,100 kW increased by 65% to 9.8K units, rising for the third consecutive year after two years of decline. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, turbo-propeller (under 1100 kW) exports skyrocketed to $1.2B in 2022. The total export value increased at an average annual rate of +1.8% over the period 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 when exports increased by 25% against the previous year. As a result, the exports reached the peak of $1.3B. From 2019 to 2022, the growth of the global exports failed to regain momentum.
Exports By Country
Canada (3.5K units) and Spain (3.3K units) represented roughly 69% of total exports in 2022. The Czech Republic (658 units) held a 6.7% share (based on physical terms) of total exports, which put it in second place, followed by Luxembourg (4.6%). The United States (303 units), Singapore (256 units) and the UK (183 units) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Luxembourg (with a CAGR of +87.3%), while the other global leaders experienced more modest paces of growth.
In value terms, Canada ($816M) remains the largest turbo-propeller (under 1100 kW) supplier worldwide, comprising 67% of global exports. The second position in the ranking was taken by Singapore ($59M), with a 4.8% share of global exports. It was followed by the Czech Republic, with a 4% share.
From 2012 to 2022, the average annual growth rate of value in Canada amounted to +1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+4.7% per year) and the Czech Republic (+5.7% per year).
Export Prices By Country
In 2022, the average turbo-propeller (under 1100 kW) export price amounted to $124,717 per unit, falling by -29.4% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 34% against the previous year. The global export price peaked at $260,401 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 Canada ($235,895 per unit), while Spain ($11,918 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.3%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global market for turbo-propeller (under 1100 kw). Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30301200 - Turbo-jets and turbo-propellers, for civil use
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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