Nigeria - Propellers And Rotors For Civil Non-Powered Aircraft, Helicopters And Aeroplanes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAircraft Propeller Price in Nigeria - 2022
Contents:
- Aircraft Propeller Price in Nigeria (CIF) - 2022
- Aircraft Propeller Price in Nigeria (FOB) - 2022
- Aircraft Propeller Imports in Nigeria
- Aircraft Propeller Exports in Nigeria
Aircraft Propeller Price in Nigeria (CIF) - 2022
The average aircraft propeller import price stood at $480,342 per ton in 2022, increasing by 1.6% against the previous year. Overall, the import price continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 124% against the previous year. The import price peaked at $746,997 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,192,631 per ton), while the price for Taiwan (Chinese) ($39,333 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Aircraft Propeller Price in Nigeria (FOB) - 2022
The average aircraft propeller export price stood at $53,574 per ton in 2022, growing by 16% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 112%. As a result, the export price reached the peak level of $261,109 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($231,000 per ton), while the average price for exports to South Africa ($9,364 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 United States (+3.0%), while the prices for the other major destinations experienced a decline.
Aircraft Propeller Imports in Nigeria
In 2022, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes imported into Nigeria dropped remarkably to 4.2 tons, with a decrease of -27.9% compared with the year before. Over the period under review, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 240% against the previous year.
In value terms, aircraft propeller imports declined rapidly to $2M in 2022. In general, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 115%.
Import of Aircraft Propeller in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 3,571 | 874 | 382 | 527 | -47.2% |
Germany | 26.2 | 0.2 | 441 | 453 | 158.6% |
United Kingdom | 2,059 | 162 | 312 | 320 | -46.2% |
Italy | 33.0 | 14.2 | 124 | 127 | 56.7% |
Canada | 2,004 | 2.3 | 56.7 | 99.2 | -63.3% |
France | 493 | 41.4 | 69.0 | 70.8 | -47.6% |
Taiwan (Chinese) | 348 | 3.2 | 21.8 | 22.4 | -59.9% |
Romania | N/A | N/A | 1,049 | N/A | 0% |
Others | 1,448 | 175 | 281 | 384 | -35.8% |
Total | 9,982 | 1,273 | 2,737 | 2,005 | -41.4% |
Top Suppliers of Aircraft Propeller to Nigeria in 2022:
- United Kingdom (908.0 kg)
- Germany (787.0 kg)
- Italy (623.0 kg)
- Taiwan (Chinese) (570.0 kg)
- United States (442.0 kg)
- Canada (281.0 kg)
- France (171.0 kg)
Aircraft Propeller Exports in Nigeria
Aircraft propeller exports from Nigeria shrank notably to 1.6 tons in 2022, declining by -53.1% compared with 2021 figures. In general, exports showed a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 1,557%.
In value terms, aircraft propeller exports fell sharply to $88K in 2022. Over the period under review, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 1,025% against the previous year.
Export of Aircraft Propeller in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 92.8 | 2.9 | 46.5 | 23.6 | -36.6% |
Belgium | 123 | 3.5 | 51.2 | 23.6 | -42.3% |
United Kingdom | 341 | 4.9 | 11.0 | 19.2 | -61.7% |
France | 52.2 | 1.6 | 30.5 | 12.9 | -37.2% |
South Africa | 2.2 | 0.1 | 0.7 | 0.3 | -48.5% |
Sweden | N/A | N/A | 1.1 | N/A | 0% |
Others | 53.4 | 1.4 | 21.4 | 8.7 | -45.4% |
Total | 665 | 14.4 | 162 | 88.3 | -49.0% |
Top Export Markets for Aircraft Propeller from Nigeria in 2022:
- United Kingdom (928.0 kg)
- Belgium (437.0 kg)
- United States (102.0 kg)
- France (100.0 kg)
- South Africa (33.0 kg)
This report provides an in-depth analysis of the aircraft propeller market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30305030 - Propellers and rotors and parts thereof for dirigibles, gliders, a nd other non-powered aircraft, helicopters and aeroplanes, f or civil use
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the aircraft propeller market in Nigeria.
This report provides an in-depth analysis of the global aircraft propeller market.
This report provides an in-depth analysis of the aircraft propeller market in Nigeria.
This report provides an in-depth analysis of the global aircraft propeller market.
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