Luxembourg: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Luxembourg

The Luxembourg aircraft propeller market dropped markedly to $X in 2022, reducing by -60.2% against the previous year. In general, consumption, however, posted strong growth. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank significantly in the following year.

Aircraft Propeller Production in Luxembourg

In value terms, aircraft propeller production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 69,738,000% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Aircraft Propeller Exports

Exports from Luxembourg

In 2019, shipments abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes increased by 149% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 1,640%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, aircraft propeller exports surged to $X in 2019. In general, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 8,131%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for aircraft propeller exports from Luxembourg, with a 83% share of total exports. Moreover, aircraft propeller exports to Oman exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X kg), sevenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (0.0% per year) and Niger (-39.6% per year).

In value terms, Oman ($X) emerged as the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from Luxembourg, comprising 99% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 0.4% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (0.0% per year) and Niger (-66.6% per year).

Export Prices by Country

In 2019, the average aircraft propeller export price amounted to $X per ton, waning by -34.7% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 373%. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to France (-15.3%), while the prices for the other major destinations experienced a decline.

Aircraft Propeller Imports

Imports into Luxembourg

In 2022, after two years of growth, there was significant decline in overseas purchases of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, when their volume decreased by -76.6% to X tons. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 917%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, aircraft propeller imports contracted dramatically to $X in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 3,083%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, the United States (X tons) was the main supplier of aircraft propeller to Luxembourg, accounting for a 98% share of total imports. It was followed by Germany (X kg), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +14.5%.

In value terms, the United States ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Luxembourg, comprising 100% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +34.9%.

Import Prices by Country

The average aircraft propeller import price stood at $X per kg in 2022, surging by 120% against the previous year. Overall, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 359%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 kg), while the price for Germany stood at $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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