Ireland: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Ireland

The Irish aircraft propeller market stood at $X in 2022, increasing by 1.9% against the previous year. Overall, consumption enjoyed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Aircraft Propeller Production in Ireland

In value terms, aircraft propeller production declined modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 12% against the previous year. Aircraft propeller production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Aircraft Propeller Exports

Exports from Ireland

Aircraft propeller exports from Ireland surged to X tons in 2022, picking up by 64% on 2021 figures. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 425% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, aircraft propeller exports stood at $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth was the most pronounced in 2014 when exports increased by 554% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), the United States (X tons) and Germany (X kg) were the main destinations of aircraft propeller exports from Ireland, with a combined 71% share of total exports. France, Canada, Indonesia, Lithuania, the Netherlands, Italy and Spain lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +71.6%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from Ireland, comprising 48% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by France, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.9% per year) and France (+40.4% per year).

Export Prices by Country

In 2022, the average aircraft propeller export price amounted to $X per ton, declining by -38.1% against the previous year. In general, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the United States ($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 Canada (+0.2%), while the prices for the other major destinations experienced a decline.

Aircraft Propeller Imports

Imports into Ireland

Aircraft propeller imports into Ireland soared to X tons in 2022, increasing by 28% compared with the previous year. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 880% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft propeller imports rose rapidly to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 516% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), the UK (X tons) and the United States (X tons) were the main suppliers of aircraft propeller imports to Ireland, with a combined 89% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +96.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Ireland, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by the UK, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.0% per year) and the UK (+88.9% per year).

Import Prices by Country

The average aircraft propeller import price stood at $X per ton in 2022, dropping by -10.8% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 63% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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