Asia-Pacific: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in Asia-Pacific

The Asia-Pacific civil reaction engine market soared to $X in 2023, jumping by X% against the previous year. In general, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Civil Reaction Engine Production in Asia-Pacific

In value terms, civil reaction engine production fell modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a slight setback. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Civil Reaction Engine Exports

Exports in Asia-Pacific

In 2023, shipments abroad of civil reaction engines increased by X% to X units, rising for the sixth consecutive year after three years of decline. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, civil reaction engine exports surged to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Singapore dominates exports structure, accounting for X units, which was near X% of total exports in 2023. It was distantly followed by South Korea (X units), constituting a X% share of total exports. India (X units) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the civil reaction engines exports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) and India (X%) displayed positive paces of growth. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest civil reaction engine supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Singapore amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices remained at a 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 India ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Civil Reaction Engine Imports

Imports in Asia-Pacific

Civil reaction engine imports fell remarkably to X units in 2023, dropping by X% on the previous year's figure. Overall, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, civil reaction engine imports dropped remarkably to $X in 2023. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Singapore (X units), South Korea (X units) and India (X units) represented roughly X% of total imports in 2023. Indonesia (X units) held the next position in the ranking, followed by Thailand (X units). All these countries together held approx. X% share of total imports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest civil reaction engine importing markets in Asia-Pacific were Indonesia ($X), Japan ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of 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 Asia-Pacific amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 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 Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform