SADC: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in SADC

The SADC aircraft propeller market skyrocketed to $X in 2022, picking up by 35% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -33.5% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Aircraft Propeller Production in SADC

In value terms, aircraft propeller production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Aircraft Propeller Exports

Exports in SADC

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 17% to X tons. In general, exports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2015 with an increase of 96%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft propeller exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 61%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa was the largest exporting country with an export of about X tons, which reached 73% of total exports. It was distantly followed by Namibia (X tons), constituting a 12% share of total exports. The following exporters - Zambia (X tons), Madagascar (X tons) and Angola (X tons) - together made up 11% of total exports.

From 2012 to 2022, average annual rates of growth with regard to aircraft propeller exports from South Africa stood at -4.3%. At the same time, Zambia (+41.4%), Madagascar (+23.1%) and Namibia (+3.3%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +41.4% from 2012-2022. By contrast, Angola (-1.2%) illustrated a downward trend over the same period. While the share of Namibia (+5.9 p.p.), Zambia (+4.4 p.p.) and Madagascar (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest aircraft propeller supplier in SADC, comprising 45% of total exports. The second position in the ranking was held by Namibia ($X), with a 17% share of total exports. It was followed by Madagascar, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled -11.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (-0.2% per year) and Madagascar (+25.3% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, falling by -24.5% against the previous year. In general, the export price recorded a perceptible descent. The pace of growth was the most pronounced in 2016 an increase of 55% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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 Madagascar ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+1.8%), while the other leaders experienced a decline in the export price figures.

Aircraft Propeller Imports

Imports in SADC

In 2022, after three years of decline, there was significant growth in purchases abroad of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes, when their volume increased by 12% to X tons. Over the period under review, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by 26%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, aircraft propeller imports rose notably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa represented the largest importer of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in SADC, with the volume of imports amounting to X tons, which was near 68% of total imports in 2022. Zimbabwe (X tons) held the second position in the ranking, distantly followed by Botswana (X tons). All these countries together held approx. 21% share of total imports. Mauritius (X tons), Zambia (X tons), Democratic Republic of the Congo (X tons) and Angola (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to aircraft propeller imports into South Africa stood at -3.3%. At the same time, Zimbabwe (+23.7%), Mauritius (+20.8%) and Democratic Republic of the Congo (+7.5%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing importer imported in SADC, with a CAGR of +23.7% from 2012-2022. By contrast, Zambia (-7.9%), Angola (-9.9%) and Botswana (-13.5%) illustrated a downward trend over the same period. Zimbabwe (+13 p.p.), Mauritius (+2.7 p.p.) and South Africa (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Angola and Botswana saw its share reduced by -1.7% and -11.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes in SADC, comprising 59% of total imports. The second position in the ranking was taken by Zimbabwe ($X), with an 18% share of total imports. It was followed by Mauritius, with a 5% share.

In South Africa, aircraft propeller imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Zimbabwe (+26.8% per year) and Mauritius (+22.8% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, leveling off at the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aircraft propeller import price increased by +73.0% against 2015 indices. The growth pace was the most rapid in 2019 when the import price increased by 42%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while Botswana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform