Southern Asia: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Southern Asia

The South Asian aircraft propeller market contracted dramatically to $X in 2022, falling by X% against the previous year. In general, consumption showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Aircraft Propeller Production in Southern Asia

In value terms, aircraft propeller production declined remarkably to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Aircraft Propeller Exports

Exports in Southern Asia

In 2022, aircraft propeller exports in Southern Asia skyrocketed to X tons, jumping by X% against the year before. Overall, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft propeller exports shrank significantly to $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sri Lanka represented the largest exporter of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in Southern Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. India (X tons) held the second position in the ranking, distantly followed by Maldives (X kg). All these countries together took approx. X% share of total exports. The following exporters - Nepal (X kg) and Afghanistan (X kg) - each resulted at a X% share of total exports.

Sri Lanka 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, Nepal (X%) displayed positive paces of growth. By contrast, Maldives (X%), Afghanistan (X%) and India (X%) illustrated a downward trend over the same period. Sri Lanka (X p.p.), Nepal (X p.p.) and Maldives (X p.p.) significantly strengthened its position in terms of the total exports, while Afghanistan and India saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest aircraft propeller supplying countries in Southern Asia were India ($X), Maldives ($X) and Sri Lanka ($X), together comprising X% of total exports.

Sri Lanka, with a CAGR of X%, saw the highest growth rate of 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

The export price in Southern Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then contracted dramatically in the following year.

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

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

Aircraft Propeller Imports

Imports in Southern Asia

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were imported in Southern Asia; remaining constant against 2021 figures. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aircraft propeller imports fell to $X in 2022. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons) and Afghanistan (X tons) dominates imports structure, together generating X% of total imports. It was distantly followed by Maldives (X tons), achieving an X% share of total imports. The following importers - Nepal (X tons) and Bangladesh (X tons) - each recorded an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest aircraft propeller importing markets in Southern Asia were India ($X), Afghanistan ($X) and Nepal ($X), with a combined X% share of total imports.

In terms of the main importing countries, Nepal, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Import price indicated a noticeable increase 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 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform