Russian Federation: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in the Russian Federation

The Russian aircraft propeller market expanded modestly to $X in 2022, growing by 3.3% against the previous year. Overall, consumption, however, recorded a significant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Aircraft Propeller Production in the Russian Federation

In value terms, aircraft propeller production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Aircraft Propeller Exports

Exports from the Russian Federation

In 2016, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were exported from Russia; approximately mirroring 2015 figures. In general, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2014 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

In value terms, aircraft propeller exports stood at $X in 2016. Over the period under review, exports recorded a dramatic slump. The growth pace was the most rapid in 2014 with an increase of 25%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X kg), the Czech Republic (X kg) and South Korea (X kg) were the main destinations of aircraft propeller exports from Russia, with a combined 45% share of total exports. Peru, the United Arab Emirates, Slovakia, Poland, Ukraine, Lithuania, Thailand, Mexico, Estonia and Canada lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, South Korea ($X), Kazakhstan ($X) and the Czech Republic ($X) were the largest markets for aircraft propeller exported from Russia worldwide, with a combined 44% share of total exports. Ukraine, Mexico, Canada, Poland, Lithuania, Slovakia, Estonia, Thailand, Peru and the United Arab Emirates lagged somewhat behind, together accounting for a further 40%.

Thailand, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average aircraft propeller export price stood at $X per ton in 2016, approximately mirroring the previous year. In general, the export price showed a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 28%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2016, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into the Russian Federation

In 2016, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes imported into Russia totaled X kg, approximately mirroring 2015. In general, imports saw a sharp reduction. The smallest decline of 99.9% was in 2015. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2016, imports remained at a lower figure.

In value terms, aircraft propeller imports totaled $X in 2016. Over the period under review, imports recorded prominent growth. The smallest decline of 99.9% was in 2015. Over the period under review, imports attained the peak figure in 2016 and are expected to retain growth in years to come.

Imports by Country

France (X kg), Canada (X kg) and the UK (X kg) were the main suppliers of aircraft propeller imports to Russia, with a combined 53% share of total imports.

From 2014 to 2016, the biggest increases were recorded for France (with a CAGR of -12.6%), while purchases for the other leaders experienced a decline.

In value terms, France ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Russia, comprising 61% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports. It was followed by the UK, with an 11% share.

From 2014 to 2016, the average annual growth rate of value from France totaled +202.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+220.6% per year) and the UK (+8.1% per year).

Import Prices by Country

The average aircraft propeller import price stood at $X per ton in 2016, remaining stable against the previous year. Over the period under review, the import price showed significant growth. The most prominent rate of growth was recorded in 2015 a decrease of 99.9%. Over the period under review, average import prices hit record highs in 2016 and is likely to continue growth in the near future.

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

From 2014 to 2016, the most notable rate of growth in terms of prices was attained by Italy (+302.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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