Germany: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Germany

The German aircraft propeller market reduced dramatically to $X in 2022, waning by -43.5% against the previous year. Overall, consumption showed a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Aircraft Propeller Production in Germany

In value terms, aircraft propeller production surged to $X in 2022 estimated in export price. In general, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 178% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Aircraft Propeller Exports

Exports from Germany

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were exported from Germany; dropping by -8.2% compared with 2021 figures. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +11.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 46%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, aircraft propeller exports declined to $X in 2022. In general, total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +7.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X tons), Austria (X tons) and Italy (X tons) were the main destinations of aircraft propeller exports from Germany, together comprising 42% of total exports. The United Arab Emirates, France, the UK, Poland, the Czech Republic, the Netherlands, China, South Korea, Turkey and Canada lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +40.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from Germany, comprising 40% of total exports. The second position in the ranking was held by Italy ($X), with a 6.8% share of total exports. It was followed by France, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.2% per year) and France (+7.0% per year).

Export Prices by Country

The average aircraft propeller export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average 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 United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into Germany

In 2022, supplies from abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 206% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft propeller imports stood at $X in 2022. Over the period under review, imports, however, saw a mild curtailment. The growth pace was the most rapid in 2014 with an increase of 35% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of aircraft propeller to Germany, accounting for a 57% share of total imports. Moreover, aircraft propeller imports from Austria exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria stood at +116.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and the UK (-4.9% per year).

In value terms, the United States ($X), Austria ($X) and the UK ($X) appeared to be the largest aircraft propeller suppliers to Germany, with a combined 79% share of total imports.

Among the main suppliers, Austria, with a CAGR of +104.0%, 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

In 2022, the average aircraft propeller import price amounted to $X per ton, growing by 2.5% against the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 44%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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