Hong Kong SAR, China: Aircraft Propeller Market 2025

Aircraft Propeller Market Size in Hong Kong SAR, China

The Hong Kong aircraft propeller market rose notably to $X in 2022, picking up by 12% against the previous year. Over the period under review, consumption, however, saw a noticeable contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Aircraft Propeller Production in Hong Kong SAR, China

In value terms, aircraft propeller production totaled $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 41%. Aircraft propeller production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Aircraft Propeller Exports

Exports from Hong Kong SAR, China

In 2022, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exported from Hong Kong SAR fell dramatically to X tons, dropping by -37.6% compared with 2021. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 3,097%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, aircraft propeller exports reduced sharply to $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 3,944%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for aircraft propeller exports from Hong Kong SAR, accounting for a 57% share of total exports. Moreover, aircraft propeller exports to the UK exceeded the volume sent to the second major destination, China (X kg), fourfold. The third position in this ranking was held by Macao SAR (X kg), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+0.6% per year) and Macao SAR (+77.4% per year).

In value terms, the UK ($X), China ($X) and Macao SAR ($X) constituted the largest markets for aircraft propeller exported from Hong Kong SAR worldwide, with a combined 74% share of total exports. The United Arab Emirates, the United States, France and Brazil lagged somewhat behind, together comprising a further 8.3%.

Among the main countries of destination, Brazil, with a CAGR of +146.3%, 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 more modest paces of growth.

Export Prices by Country

The average aircraft propeller export price stood at $X per ton in 2022, waning by -6% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +73.7% against 2018 indices. The growth pace was the most rapid in 2021 an increase of 74%. As a result, the export price reached the peak level of $X per ton, and then contracted 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 China ($X per ton), while the average price for exports to the United States ($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 Brazil (+58.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were imported into Hong Kong SAR; with an increase of 7.9% against the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 100%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, aircraft propeller imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 81% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

France (X kg), Vietnam (X kg) and China (X kg) were the main suppliers of aircraft propeller imports to Hong Kong SAR, together comprising 45% of total imports. The United States, the Czech Republic, the United Arab Emirates, Taiwan (Chinese) and Ireland lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +59.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft propeller suppliers to Hong Kong SAR were France ($X), Vietnam ($X) and the United States ($X), together comprising 39% of total imports. Taiwan (Chinese), the United Arab Emirates, China, the Czech Republic and Ireland lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +103.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aircraft propeller import price stood at $X per ton in 2022, with an increase of 44% against the previous year. Overall, the import price posted a tangible expansion. The pace of growth appeared the most rapid in 2018 an increase of 111%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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