United Kingdom: Aircraft Propeller Market 2024

Aircraft Propeller Market Size in the UK

The UK aircraft propeller market dropped modestly to $X in 2022, shrinking by -4.4% against the previous year. Overall, consumption saw a significant contraction. The most prominent rate of growth was recorded in 2021 when the market value increased by 6% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Aircraft Propeller Production in the UK

In value terms, aircraft propeller production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -27.7% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of 114%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Aircraft Propeller Exports

Exports from the UK

Aircraft propeller exports from the UK fell to X tons in 2022, which is down by -13.3% against the year before. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, aircraft propeller exports declined sharply to $X in 2022. Over the period under review, exports showed a mild decline. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for aircraft propeller exports from the UK, with a 35% share of total exports. Moreover, aircraft propeller exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 6.9% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to the United States stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+12.7% per year) and France (-13.7% per year).

In value terms, the United States ($X) remains the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from the UK, comprising 29% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by France, with a 7.5% share.

From 2014 to 2022, the average annual rate of growth in terms of value to the United States stood at -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+32.3% per year) and France (+27.6% per year).

Export Prices by Country

The average aircraft propeller export price stood at $X per ton in 2022, with a decrease of -3.5% against the previous year. In general, export price indicated a noticeable expansion from 2014 to 2022: its price increased at an average annual rate of +4.5% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aircraft propeller export price increased by +24.4% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 43%. The export price peaked at $X per ton in 2021, and then reduced modestly in the following year.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Propeller Imports

Imports into the UK

In 2022, approx. X tons of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes were imported into the UK; which is down by -7.6% compared with the previous year's figure. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft propeller imports declined to $X in 2022. Overall, imports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 when imports increased by 28%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest aircraft propeller supplier to the UK, with a 56% share of total imports. Moreover, aircraft propeller imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. Austria (X tons) ranked third in terms of total imports with a 5.9% share.

From 2014 to 2022, the average annual rate of growth in terms of volume from the United States stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.8% per year) and Austria (+36.4% per year).

In value terms, the United States ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to the UK, comprising 59% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Norway, with a 5.4% share.

From 2014 to 2022, the average annual growth rate of value from the United States amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.9% per year) and Norway (+38.8% per year).

Import Prices by Country

The average aircraft propeller import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 27%. The import price peaked at $X per ton in 2021, and then fell slightly in the following year.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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