Chile: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Chile

The Chilean aircraft propeller market contracted to $X in 2022, falling by X% against the previous year. In general, consumption, however, continues to indicate a modest expansion. Aircraft propeller consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Aircraft Propeller Production in Chile

In value terms, aircraft propeller production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X,900%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Aircraft Propeller Exports

Exports from Chile

In 2022, shipments abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, recorded a slight setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, aircraft propeller exports soared to $X in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for aircraft propeller exports from Chile, with a X% share of total exports. Moreover, aircraft propeller exports to the United States exceeded the volume sent to the second major destination, Canada (X kg), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from Chile, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Spain (X% per year).

Export Prices by Country

The average aircraft propeller export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Spain ($X 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 Italy (X.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into Chile

In 2022, overseas purchases of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft propeller imports expanded sharply to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest aircraft propeller supplier to Chile, with a X% share of total imports. Moreover, aircraft propeller imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), fourfold. The third position in this ranking was taken by Spain (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Spain (X% per year).

In value terms, the United States ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Chile, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

Import Prices by Country

The average aircraft propeller import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform