Latin America and the Caribbean: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Latin America and the Caribbean

The Latin American aircraft propeller market dropped significantly to $X in 2022, which is down by -26.5% against the previous year. Over the period under review, consumption saw a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Aircraft Propeller Production in Latin America and the Caribbean

In value terms, aircraft propeller production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 127% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Aircraft Propeller Exports

Exports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in shipments abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, when their volume decreased by -21.1% to X tons. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 30%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft propeller exports dropped dramatically to $X in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Suriname (X tons), Jamaica (X tons), Peru (X tons), Colombia (X tons), Trinidad and Tobago (X tons), Brazil (X tons), Guatemala (X tons), Chile (X tons), the Dominican Republic (X tons), Bahamas (X tons), El Salvador (X tons) and Ecuador (X tons) represented roughly 88% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Suriname (with a CAGR of +60.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest aircraft propeller supplier in Latin America and the Caribbean, comprising 44% of total exports. The second position in the ranking was held by Peru ($X), with an 11% share of total exports. It was followed by Jamaica, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to -8.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (-2.7% per year) and Jamaica (+1.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by -45.5% against the previous year. In general, the export price, however, showed pronounced growth. The most prominent rate of growth was recorded in 2018 an increase of 81% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+21.2%), while the other leaders experienced more modest paces of growth.

Aircraft Propeller Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were imported in Latin America and the Caribbean; falling by -32.1% on the year before. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, aircraft propeller imports plummeted to $X in 2022. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Colombia (X tons), distantly followed by Brazil (X tons), Peru (X tons), Guatemala (X tons), Argentina (X tons), Paraguay (X tons), Guyana (X tons) and Chile (X tons) represented the main importers of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, together comprising 68% of total imports. The following importers - Mexico (X tons), Ecuador (X tons), Trinidad and Tobago (X tons), Bahamas (X tons) and Venezuela (X tons) - together made up 19% of total imports.

Imports into Colombia increased at an average annual rate of +4.6% from 2012 to 2022. At the same time, Paraguay (+59.5%), Ecuador (+20.8%), Argentina (+8.6%), Trinidad and Tobago (+7.0%), Guyana (+4.2%) and Guatemala (+3.6%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +59.5% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Peru (-11.2%), Venezuela (-12.5%), Bahamas (-14.6%), Brazil (-17.3%) and Mexico (-17.5%) illustrated a downward trend over the same period. Colombia (+13 p.p.), Paraguay (+6.2 p.p.), Argentina (+5.7 p.p.), Guatemala (+4.8 p.p.), Ecuador (+3.9 p.p.), Guyana (+3.7 p.p.), Trinidad and Tobago (+3 p.p.) and Chile (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Venezuela, Peru, Bahamas, Mexico and Brazil saw its share reduced by -2.7%, -5.8%, -5.9%, -10.9% and -22.3% from 2012 to 2022, respectively.

In value terms, the largest aircraft propeller importing markets in Latin America and the Caribbean were Colombia ($X), Brazil ($X) and Argentina ($X), together comprising 56% of total imports. Peru, Mexico, Trinidad and Tobago, Bahamas, Guatemala, Chile, Ecuador, Paraguay, Venezuela and Guyana lagged somewhat behind, together comprising a further 35%.

In terms of the main importing countries, Paraguay, with a CAGR of +48.0%, 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, which is down by -12.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2020 an increase of 20%. The level of import peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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