Ecuador: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Ecuador

After three years of growth, the Ecuadorian aircraft propeller market decreased by -0.7% to $X in 2022. Overall, consumption, however, recorded a strong expansion. Aircraft propeller consumption peaked at $X in 2021, and then dropped modestly in the following year.

Aircraft Propeller Production in Ecuador

In value terms, aircraft propeller production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.4% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 42%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Aircraft Propeller Exports

Exports from Ecuador

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were exported from Ecuador; picking up by 270% compared with 2021. Overall, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 375% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aircraft propeller exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 375%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for aircraft propeller exports from Ecuador, with a 64% share of total exports. Moreover, aircraft propeller exports to the United States exceeded the volume sent to the second major destination, Canada (X kg), fivefold. Colombia (X kg) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+21.0% per year) and Colombia (+11.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from Ecuador, comprising 46% of total exports. The second position in the ranking was held by Colombia ($X), with a 20% share of total exports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+28.8% per year) and the Czech Republic (+13.8% per year).

Export Prices by Country

In 2022, the average aircraft propeller export price amounted to $X per ton, shrinking by -6.6% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 increased by +64.6% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 93% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Canada ($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 Czech Republic (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into Ecuador

In 2022, overseas purchases of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes decreased by -1.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 330% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, aircraft propeller imports expanded to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of 215%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of aircraft propeller to Ecuador, accounting for a 51% share of total imports. Moreover, aircraft propeller imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X kg), threefold. The third position in this ranking was held by China (X kg), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+33.2% per year) and China (+23.4% per year).

In value terms, the United States ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Ecuador, comprising 67% of total imports. The second position in the ranking was held by Australia ($X), with a 7.5% share of total imports. It was followed by Spain, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+48.0% per year) and Spain (+65.1% per year).

Import Prices by Country

In 2022, the average aircraft propeller import price amounted to $X per ton, rising by 3.8% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2016 an increase of 23%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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