Northern America: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in Northern America

In 2022, after two years of decline, there was significant growth in the North American aircraft propeller market, when its value increased by 6.9% to $X. In general, consumption, however, saw a perceptible contraction. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Aircraft Propeller Production in Northern America

In value terms, aircraft propeller production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume decreased by 99.9% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the near future.

Aircraft Propeller Exports

Exports in Northern America

In 2022, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exported in Northern America contracted to X tons, stabilizing at the year before. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 35%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, aircraft propeller exports reached $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United States (X tons) represented the key exporter of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, achieving 85% of total exports. It was distantly followed by Canada (X tons), creating a 15% share of total exports.

Exports from the United States increased at an average annual rate of +1.7% from 2012 to 2022. At the same time, Canada (+5.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.5% from 2012-2022. Canada (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest aircraft propeller supplier in Northern America, comprising 82% of total exports. The second position in the ranking was taken by Canada ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +5.9%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 decreased by -6.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 46%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.3%).

Aircraft Propeller Imports

Imports in Northern America

In 2022, overseas purchases of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of 20%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft propeller imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) was the key importer of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, comprising 66% of total imports. It was distantly followed by Canada (X tons), mixing up a 34% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (with a CAGR of -0.7%).

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, the United States, with a CAGR of +3.3%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2014 when the import price increased by 15%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.3%).

Source: IndexBox Platform

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