Nepal: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Nepal

The Nepalese aircraft propeller market reduced notably to $X in 2022, shrinking by -50.8% against the previous year. In general, consumption, however, enjoyed a strong expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Aircraft Propeller Production in Nepal

In value terms, aircraft propeller production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Aircraft Propeller Exports

Exports from Nepal

In 2022, after two years of decline, there was significant growth in shipments abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, when their volume increased by 162% to X kg. Overall, exports saw a perceptible increase. The pace of growth appeared the most rapid in 2014 when exports increased by 208% against the previous year. Over the period under review, the exports hit record highs at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft propeller exports soared to $X in 2022. In general, exports continue to indicate a noticeable increase. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for aircraft propeller exports from Nepal, with a 40% share of total exports. Moreover, aircraft propeller exports to the Netherlands exceeded the volume sent to the second major destination, the Czech Republic (X kg), twofold. The third position in this ranking was taken by Malaysia (X kg), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +67.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-5.5% per year) and Malaysia (-8.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from Nepal, comprising 40% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total exports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +116.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-4.1% per year) and the Czech Republic (-12.8% per year).

Export Prices by Country

In 2022, the average aircraft propeller export price amounted to $X per ton, increasing by 30% against the previous year. Overall, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by 131% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the UK ($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 Netherlands (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into Nepal

Aircraft propeller imports into Nepal fell markedly to X tons in 2022, shrinking by -46.9% on 2021. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,361%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, aircraft propeller imports contracted notably to $X in 2022. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 2,018%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X kg), Italy (X kg) and India (X kg) were the main suppliers of aircraft propeller imports to Nepal, with a combined 63% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +64.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Nepal, comprising 51% of total imports. The second position in the ranking was held by Malaysia ($X), with a 9% share of total imports. It was followed by Russia, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +82.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+22.3% per year) and Russia (+0.2% per year).

Import Prices by Country

The average aircraft propeller import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 an increase of 53%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform