MERCOSUR: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in MERCOSUR

The MERCOSUR aircraft propeller market reduced remarkably to $X in 2022, waning by X% against the previous year. Overall, consumption showed a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aircraft Propeller Production in MERCOSUR

In value terms, aircraft propeller production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Aircraft Propeller Exports

Exports in MERCOSUR

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 two years of decline. In general, exports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, aircraft propeller exports shrank markedly to $X in 2022. Overall, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Suriname (X tons) was the key exporter of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, constituting X% of total exports. Colombia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%), Brazil (X%), Chile (X%) and Ecuador (X%). Venezuela (X kg) held a relatively small share of total exports.

Suriname was also the fastest-growing in terms of the propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) displayed positive paces of growth. By contrast, Chile (X%), Ecuador (X%), Peru (X%), Venezuela (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Suriname, Colombia and Chile increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a mild descent. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X,435 per ton), while Suriname ($X per ton) was amongst the lowest.

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

Aircraft Propeller Imports

Imports in MERCOSUR

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were imported in MERCOSUR; waning by X% on the previous year. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aircraft propeller imports contracted markedly to $X in 2022. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Colombia (X tons), distantly followed by Brazil (X tons), Peru (X tons), Argentina (X tons), Guyana (X tons), Venezuela (X tons), Ecuador (X tons) and Chile (X tons) represented the largest importers of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, together creating X% of total imports.

Imports into Colombia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Argentina (X%) and Guyana (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Ecuador (X%), Venezuela (X%), Peru (X%) and Brazil (X%) illustrated a downward trend over the same period. Argentina (X p.p.), Guyana (X p.p.), Chile (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total imports, while Venezuela, Peru, Colombia and Brazil saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest aircraft propeller importing markets in MERCOSUR were Colombia ($X), Brazil ($X) and Argentina ($X), together accounting for X% of total imports. Peru, Chile, Ecuador, Venezuela and Guyana lagged somewhat behind, together accounting for a further X%.

Guyana, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then contracted in the following year.

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 Brazil ($X,624 per ton), while Guyana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform