Belgium: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Belgium

The Belgian aircraft propeller market fell notably to $X in 2022, reducing by -31.8% against the previous year. In general, consumption continues to indicate a deep reduction. Aircraft propeller consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Aircraft Propeller Production in Belgium

In value terms, aircraft propeller production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Aircraft Propeller Exports

Exports from Belgium

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were exported from Belgium; surging by 87% compared with 2021. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 397%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, aircraft propeller exports soared to $X in 2022. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 319%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for aircraft propeller exports from Belgium, accounting for a 77% share of total exports. Moreover, aircraft propeller exports to the United States exceeded the volume sent to the second major destination, Switzerland (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+48.4% per year) and Israel (+219.3% per year).

In value terms, the largest markets for aircraft propeller exported from Belgium were the United States ($X), Switzerland ($X) and Israel ($X), with a combined 99% share of total exports.

In terms of the main countries of destination, Israel, with a CAGR of +659.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average aircraft propeller export price amounted to $X per ton, with an increase of 37% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 42%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to the United States ($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 Israel (+138.0%), while the prices for the other major destinations experienced a decline.

Aircraft Propeller Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in overseas purchases of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, when their volume decreased by -31.6% to X tons. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by 798%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, aircraft propeller imports fell notably to $X in 2022. In general, imports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2013 with an increase of 650% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of aircraft propeller to Belgium, with a 71% share of total imports. Moreover, aircraft propeller imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+24.9% per year) and the Netherlands (+22.4% per year).

In value terms, the largest aircraft propeller suppliers to Belgium were Germany ($X), the United States ($X) and the Netherlands ($X), together accounting for 95% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +28.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aircraft propeller import price stood at $X per ton in 2022, growing by 4.5% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 68%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2,010.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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