Asia: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Asia

The Asian aircraft propeller market contracted markedly to $X in 2022, reducing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Aircraft Propeller Production in Asia

In value terms, aircraft propeller production dropped to $X in 2022 estimated in export price. Overall, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Aircraft Propeller Exports

Exports in Asia

In 2022, exports of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in Asia shrank markedly to X tons, falling by X% on the year before. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft propeller exports contracted dramatically to $X in 2022. Overall, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons) and the United Arab Emirates (X tons) represented roughly X% of total exports in 2022. China (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%), Singapore (X%), Malaysia (X%), South Korea (X%), Turkey (X%), Bahrain (X%) and Indonesia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the largest aircraft propeller supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Aircraft Propeller Imports

Imports in Asia

In 2022, imports of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in Asia reduced markedly to X tons, dropping by X% on the year before. Overall, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted dramatically in the following year.

In value terms, aircraft propeller imports shrank markedly to $X in 2022. In general, imports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Indonesia represented the largest importer of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Japan (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons), Singapore (X tons), Turkey (X tons) and the United Arab Emirates (X tons). All these countries together took approx. X% share of total imports. The following importers - South Korea (X tons) and China (X tons) - together made up X% of total imports.

Indonesia was also the fastest-growing in terms of the propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes imports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Turkey (X%), Singapore (X%), China (X%), the United Arab Emirates (X%) and South Korea (X%) displayed positive paces of growth. By contrast, Japan (X%) illustrated a downward trend over the same period. Indonesia (X p.p.), Malaysia (X p.p.), Singapore (X p.p.), Turkey (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

In Japan, aircraft propeller imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, reducing by X% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform