Republic of Korea - Propellers And Rotors For Civil Non-Powered Aircraft, Helicopters And Aeroplanes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAircraft Propeller Price in South Korea - 2021
Contents:
- Aircraft Propeller Price in South Korea (CIF) - 2022
- Aircraft Propeller Price in South Korea (FOB) - 2022
- Aircraft Propeller Imports in South Korea
- Aircraft Propeller Exports in South Korea
Aircraft Propeller Price in South Korea (CIF) - 2022
In 2022, the average aircraft propeller import price amounted to $778,005 per ton, picking up by 3% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aircraft propeller import price increased by +58.0% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,229,220 per ton), while the price for China ($141,559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Aircraft Propeller Price in South Korea (FOB) - 2022
The average aircraft propeller export price stood at $251,197 per ton in 2022, which is down by -18.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 196% against the previous year. Over the period under review, the average export prices attained the maximum at $306,637 per ton in 2021, and then dropped notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($2,876,077 per ton), while the average price for exports to Russia ($21,520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.
Aircraft Propeller Imports in South Korea
In 2022, after three years of growth, there was significant decline in overseas purchases of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, when their volume decreased by -6.1% to 57 tons. The total import volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 30%.
In value terms, aircraft propeller imports contracted slightly to $44M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 66% against the previous year.
Import of Aircraft Propeller in South Korea (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 10.6 | 15.4 | 14.6 | 14.6 | 11.3% |
Russia | 2.5 | 4.0 | 10.2 | 8.8 | 52.1% |
United Kingdom | 2.6 | 11.6 | 9.5 | 8.6 | 49.0% |
France | 5.0 | 4.7 | 7.7 | 6.6 | 9.7% |
Indonesia | 3.0 | 2.0 | 0.9 | 2.2 | -9.8% |
China | 0.5 | 1.0 | 1.2 | 1.0 | 26.0% |
Germany | 0.2 | 1.7 | 0.6 | 1.0 | 71.0% |
Others | 1.2 | 2.2 | 0.9 | 1.3 | 2.7% |
Total | 25.6 | 42.6 | 45.6 | 44.1 | 19.9% |
Top Suppliers of Aircraft Propeller to South Korea in 2022:
- United States (21.5 tons)
- Russia (13.4 tons)
- China (7.1 tons)
- France (5.9 tons)
- United Kingdom (3.9 tons)
- Indonesia (2.6 tons)
- Germany (1.0 tons)
Aircraft Propeller Exports in South Korea
Aircraft propeller exports from South Korea surged to 15 tons in 2022, with an increase of 49% compared with the previous year's figure. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 51% against the previous year. As a result, the exports attained the peak of 17 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, aircraft propeller exports soared to $3.8M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. As a result, the exports reached the peak of $4.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Aircraft Propeller in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 1,099 | 1,596 | 1,354 | 1,636 | 14.2% |
United States | 537 | 2,116 | 890 | 1,359 | 36.3% |
Italy | 313 | 389 | 326 | 394 | 8.0% |
Japan | 4.0 | 37.3 | 144 | 174 | 251.7% |
China | 332 | 0.8 | 24.4 | 121 | -28.6% |
Russia | 30.9 | 30.4 | 100 | 121 | 57.6% |
Others | 782 | 333 | 269 | N/A | -41.3% |
Total | 3,099 | 4,502 | 3,107 | 3,805 | 7.1% |
Top Export Markets for Aircraft Propeller from South Korea in 2022:
- United States (7.0 tons)
- Russia (5.6 tons)
- China (1.2 tons)
- Malaysia (0.6 tons)
- Italy (0.4 tons)
- Japan (0.4 tons)
This report provides an in-depth analysis of the aircraft propeller market in Republic of Korea. 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 30305030 - Propellers and rotors and parts thereof for dirigibles, gliders, a nd other non-powered aircraft, helicopters and aeroplanes, f or civil use
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the aircraft propeller market in Republic of Korea.
This report provides an in-depth analysis of the global aircraft propeller market.
This report provides an in-depth analysis of the aircraft propeller market in Republic of Korea.
This report provides an in-depth analysis of the global aircraft propeller market.
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