Ghana: Aircraft Propeller Market 2025

Aircraft Propeller Market Size in Ghana

The Ghanian aircraft propeller market declined modestly to $X in 2022, with a decrease of -1.7% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +97.3% against 2013 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Aircraft Propeller Production in Ghana

In value terms, aircraft propeller production expanded remarkably to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Aircraft Propeller Exports

Exports from Ghana

In 2022, shipments abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a sharp reduction. The growth pace was the most rapid in 2015 with an increase of 4,937%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft propeller exports totaled $X in 2022. Over the period under review, exports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2015 with an increase of 7,001%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg), Nigeria (X kg) and South Africa (X kg) were the main destinations of aircraft propeller exports from Ghana, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of -23.2%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from Ghana, comprising 93% of total exports. The second position in the ranking was taken by South Africa ($X), with a 5% share of total exports. It was followed by Nigeria, with a 1.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-25.2% per year) and Nigeria (-35.8% per year).

Export Prices by Country

The average aircraft propeller export price stood at $X per ton in 2022, shrinking by -4.7% against the previous year. Over the period under review, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 85%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nigeria ($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 United Arab Emirates (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into Ghana

In 2022, aircraft propeller imports into Ghana shrank dramatically to X kg, which is down by -43.2% on the previous year's figure. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,448%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft propeller imports fell significantly to $X in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 1,930% against the previous year. 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, Spain (X kg) constituted the largest supplier of aircraft propeller to Ghana, accounting for a 50% share of total imports. Moreover, aircraft propeller imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold. The third position in this ranking was taken by Portugal (X kg), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +83.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.6% per year) and Portugal (+43.1% per year).

In value terms, Spain ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Ghana, comprising 89% of total imports. The second position in the ranking was held by the United States ($X), with a 3.8% share of total imports. It was followed by Portugal, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +113.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+19.0% per year) and Portugal (+26.8% per year).

Import Prices by Country

In 2022, the average aircraft propeller import price amounted to $X per kg, declining by -3.3% against the previous year. In general, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 83% against the previous year. Over the period under review, average import prices reached the peak figure at $X per kg in 2021, and then reduced modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :