GCC: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in GCC

The GCC aircraft propeller market plummeted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Aircraft Propeller Production in GCC

In value terms, aircraft propeller production reduced to $X in 2022 estimated in export price. Overall, production recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Aircraft Propeller Exports

Exports in GCC

In 2022, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exported in GCC fell notably to X tons, waning by X% on 2021. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, aircraft propeller exports fell dramatically to $X in 2022. Over the period under review, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the largest exporter of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in GCC, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Bahrain (X tons) held the second position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together held near X% share of total exports. Oman (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Oman experienced a relatively flat trend pattern. While the share of Bahrain (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.), Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Bahrain lagged somewhat behind, accounting for a further X%.

Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, waning by X% against the previous year. Overall, the export price saw a mild curtailment. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Aircraft Propeller Imports

Imports in GCC

In 2022, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes imported in GCC reduced remarkably to X tons, with a decrease of X% compared with the year before. Over the period under review, imports, however, continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, aircraft propeller imports dropped remarkably to $X in 2022. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

The United Arab Emirates was the key importing country with an import of about X tons, which resulted at X% of total imports. Qatar (X tons) took the second position in the ranking, distantly followed by Oman (X tons). All these countries together held approx. X% share of total imports. Kuwait (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, aircraft propeller imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Qatar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform