U.S.: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in the U.S.

The U.S. aircraft propeller market declined to $X in 2022, reducing by X% against the previous year. Overall, consumption continues to indicate a slight decrease. Aircraft propeller consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Aircraft Propeller Production in the U.S.

In value terms, aircraft propeller production amounted to $X in 2022. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with a decrease of X%. Aircraft propeller production peaked in 2022 and is likely to continue growth in the near future.

Aircraft Propeller Exports

Exports from the U.S.

In 2022, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exported from the United States declined slightly to X tons, flattening at 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, aircraft propeller exports stood at $X in 2022. In general, total exports indicated a prominent increase from 2012 to 2022: its value 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, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for aircraft propeller exports from the United States, with a X% share of total exports. Moreover, aircraft propeller exports to Turkey exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and the UK (X% per year).

In value terms, Turkey ($X), the UK ($X) and Poland ($X) were the largest markets for aircraft propeller exported from the United States worldwide, together accounting for X% of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aircraft propeller export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated notable growth 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 export price decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X,559 per ton), while the average price for exports to the United Arab Emirates ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into the U.S.

Aircraft propeller imports into the United States contracted slightly to X tons in 2022, waning by X% against the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aircraft propeller imports declined to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value 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, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then fell modestly in the following year.

Imports by Country

France (X tons), Canada (X tons) and the UK (X tons) were the main suppliers of aircraft propeller imports to the United States, with a combined X% share of total imports. Germany, Turkey, Italy, South Africa and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest aircraft propeller suppliers to the United States were France ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports. Canada, Italy, Turkey, Austria and South Africa lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aircraft propeller import price amounted to $X per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform