EU: Market for Turbo-Propellers Of A Power Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Exceeding 1,100 kW in the EU

The EU turbo-propeller (over X kW) market contracted sharply to $X in 2023, which is down by X% against the previous year. Overall, consumption showed a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Production of Turbo-Propellers Of A Power Exceeding X kW in the EU

In value terms, turbo-propeller (over X kW) production reduced to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Exports of Turbo-Propellers Of A Power Exceeding 1,100 kW

Exports in the EU

In 2023, shipments abroad of turbo-propellers of a power exceeding X kW increased by X% to X units, rising for the third consecutive year after three years of decline. In general, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, turbo-propeller (over X kW) exports skyrocketed to $X in 2023. Overall, exports saw a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands dominates exports structure, resulting at X units, which was near X% of total exports in 2023. It was distantly followed by Spain (X units), generating a X% share of total exports. Germany (X units) held a little share of total exports.

The Netherlands was also the fastest-growing in terms of the turbo-propellers of a power exceeding X kW exports, with a CAGR of X% from 2012 to 2023. At the same time, Spain (X%) displayed positive paces of growth. By contrast, Germany (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Netherlands increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) emerged as the largest turbo-propeller (over X kW) supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in the Netherlands amounted to X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X,440 per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Turbo-Propellers Of A Power Exceeding 1,100 kW

Imports in the EU

In 2023, overseas purchases of turbo-propellers of a power exceeding X kW decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, turbo-propeller (over X kW) imports shrank to $X in 2023. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Spain (X units) represented the main importer of turbo-propellers of a power exceeding X kW, constituting X% of total imports. Italy (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (X%), France (X%), Poland (X%) and the Netherlands (X%).

Imports into Spain increased at an average annual rate of X% from 2012 to 2023. At the same time, Denmark (X%), Poland (X%), France (X%), the Netherlands (X%) and Italy (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Spain, Denmark, Poland and France increased by X, X, X and X percentage points, respectively.

In value terms, Spain ($X), Poland ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X,575 per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform