MENA: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in MENA

In 2022, the MENA's aircraft propeller market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, showed significant growth. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Aircraft Propeller Production in MENA

In value terms, aircraft propeller production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aircraft Propeller Exports

Exports in MENA

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were exported in MENA; with a decrease of X% on the year before. Overall, exports, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, aircraft propeller exports dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

The United Arab Emirates represented the key exporter of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in MENA, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Turkey (X tons) took the second position in the ranking, followed by Morocco (X tons), Bahrain (X tons) and Saudi Arabia (X tons). All these countries together held approx. X% share of total exports. Israel (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to aircraft propeller exports from the United Arab Emirates stood at X%. At the same time, Morocco (X%), Turkey (X%), Bahrain (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of Bahrain (X p.p.), Morocco (X p.p.), Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

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

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a slight slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Israel ($X per ton), while Bahrain ($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 MENA

In 2022, after four years of growth, there was significant decline in supplies from abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, aircraft propeller imports dropped dramatically to $X in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

Egypt represented the largest importer of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in MENA, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Morocco (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%), the United Arab Emirates (X%) and Qatar (X%). Oman (X tons) and Algeria (X tons) followed a long way behind the leaders.

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

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

In Egypt, aircraft propeller imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price posted a resilient expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform