Australia and Oceania: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Australia and Oceania

The turbo-jet (over X kN) market in Australia and Oceania surged to $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw buoyant growth. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the immediate term.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Australia and Oceania

In value terms, turbo-jet (over X kN) production contracted modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports in Australia and Oceania

In 2023, shipments abroad of turbo-jets of a thrust exceeding X kN decreased by X% to X units, falling for the third consecutive year after four years of growth. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, turbo-jet (over X kN) exports contracted remarkably to $X in 2023. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

Australia represented the key exporter of turbo-jets of a thrust exceeding X kN in Australia and Oceania, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by New Zealand (X units) and Papua New Guinea (X units), together making up a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Papua New Guinea (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Australia ($X) emerged as the largest turbo-jet (over X kN) supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with an X% share of total exports.

In Australia, turbo-jet (over X kN) exports plunged by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X,884 per unit in 2022, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X,385 per unit), while New Zealand ($X per unit) was amongst the lowest.

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

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports in Australia and Oceania

In 2023, turbo-jet (over X kn) imports in Australia and Oceania soared to X units, rising by X% against the previous year's figure. Total imports indicated temperate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

In value terms, turbo-jet (over X kN) imports surged to $X in 2023. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, New Zealand (X units) and Australia (X units) was the major importer of turbo-jets of a thrust exceeding X kN in Australia and Oceania, making up X% of total import.

From 2012 to 2023, the biggest increases were recorded for New Zealand (with a CAGR of X%).

In value terms, New Zealand ($X) and Australia ($X) were the countries with the highest levels of imports in 2023.

In terms of the main importing countries, New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X,787 per unit, increasing by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, turbo-jet (over X kN) import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X,902 per unit), while New Zealand amounted to $X,983 per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform