Central Asia: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Central Asia

The Central Asian aircraft propeller market surged to $X in 2022, jumping by 20% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Aircraft Propeller Production in Central Asia

In value terms, aircraft propeller production reached $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +51.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 49%. Over the period under review, production attained the maximum level in 2022 and is likely to continue growth in the near future.

Aircraft Propeller Exports

Exports in Central Asia

In 2022, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exported in Central Asia declined rapidly to X tons, which is down by -36.3% compared with the previous year's figure. Overall, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 265% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft propeller exports shrank remarkably to $X in 2022. In general, exports recorded a mild decline. The pace of growth was the most pronounced in 2021 when exports increased by 462%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Kazakhstan (X tons) represented the key exporter of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, mixing up 64% of total exports. It was distantly followed by Kyrgyzstan (X tons), committing a 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kyrgyzstan (with a CAGR of +34.6%).

In value terms, Kazakhstan ($X) remains the largest aircraft propeller supplier in Central Asia, comprising 79% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to -3.6%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, reducing by -12% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 54% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+22.8%).

Aircraft Propeller Imports

Imports in Central Asia

In 2022, aircraft propeller imports in Central Asia expanded sharply to X tons, with an increase of 9.4% against 2021. In general, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, aircraft propeller imports expanded markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by 124%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the main importer of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in Central Asia, with the volume of imports finishing at X tons, which was approx. 78% of total imports in 2022. It was distantly followed by Turkmenistan (X tons), mixing up a 17% share of total imports. The following importers - Kyrgyzstan (X kg) and Mongolia (X kg) - each recorded a 4.7% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aircraft propeller imports into Kazakhstan stood at -12.6%. Turkmenistan (-1.8%), Mongolia (-2.4%) and Kyrgyzstan (-22.4%) illustrated a downward trend over the same period. While the share of Turkmenistan (+11 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (-6 p.p.) and Kazakhstan (-6.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in Central Asia, comprising 74% of total imports. The second position in the ranking was taken by Turkmenistan ($X), with a 20% share of total imports. It was followed by Kyrgyzstan, with a 4% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at -12.8%. In the other countries, the average annual rates were as follows: Turkmenistan (+1.3% per year) and Kyrgyzstan (-9.7% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, leveling off at the previous year. In general, the import price, however, saw a modest increase. The most prominent rate of growth was recorded in 2015 an increase of 59%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Kyrgyzstan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+16.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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