Azerbaijan: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Azerbaijan

The Azerbaijani aircraft propeller market was estimated at less than $X in 2022, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a precipitous shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Aircraft Propeller Exports

Exports from Azerbaijan

For the third year in a row, Azerbaijan recorded growth in shipments abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, which increased by 116% to X kg in 2014. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, aircraft propeller exports totaled $X in 2014. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 432%. The exports peaked in 2014 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X kg), Italy (X kg) and the Netherlands (X kg) were the main destinations of aircraft propeller exports from Azerbaijan, together accounting for 88% of total exports.

From 2012 to 2014, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +419.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aircraft propeller exported from Azerbaijan were the United States ($X), the Netherlands ($X) and Italy ($X), together comprising 93% of total exports.

The United States, with a CAGR of +1,525.6%, recorded the highest growth rate of the value of exports, among 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 2014, the average aircraft propeller export price amounted to $X per ton, shrinking by -49% against the previous year. In general, the export price, however, continues to indicate a prominent increase. The growth pace was the most rapid in 2013 an increase of 152% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+306.4%), while the prices for the other major destinations experienced mixed trend patterns.

Aircraft Propeller Imports

Imports into Azerbaijan

In 2014, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes imported into Azerbaijan contracted significantly to X tons, falling by -51.8% on 2013 figures. In general, imports recorded a sharp shrinkage. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

In value terms, aircraft propeller imports reduced markedly to $X in 2014. Overall, imports continue to indicate a dramatic contraction. The smallest decline of -3.5% was in 2013. Imports peaked at $X in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

Imports by Country

In 2014, Russia (X kg) constituted the largest supplier of aircraft propeller to Azerbaijan, with a 59% share of total imports. Moreover, aircraft propeller imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total imports with a 13% share.

From 2012 to 2014, the average annual rate of growth in terms of volume from Russia totaled -61.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-26.4% per year) and the United Arab Emirates (+108.9% per year).

In value terms, Russia ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Azerbaijan, comprising 78% of total imports. The second position in the ranking was held by the United States ($X), with a 4.4% share of total imports. It was followed by the United Arab Emirates, with a 1.3% share.

From 2012 to 2014, the average annual growth rate of value from Russia stood at -22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-61.3% per year) and the United Arab Emirates (+99.9% per year).

Import Prices by Country

The average aircraft propeller import price stood at $X per ton in 2014, with an increase of 27% against the previous year. Over the period under review, the import price showed a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 113%. The import price peaked in 2014 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by Russia (+101.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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