Despite strong growth from 2013 to 2015, with year-on-year increases of 17.9%, 20.29%, and 25.63% respectively, the import value markedly declined, peaking at 96.92 thousand kilograms in 2015. The CAGR for the same period was an impressive 45.83%. From 2016 to 2022, import values oscillated, culminating in a negative CAGR of -10.34%. The last two years recorded minor fluctuations with -8.81% for 2023 and a forecast -11.18% CAGR through 2028.
The forecast suggests a continuing decline in the import of aircraft propellers, rotors, and parts thereof through 2028, reflecting a potential shift in the aviation industry's supply chain dynamics or an increasing local production. Monitoring factors like technological advances in aircraft components, potential policy changes, and eco-friendly initiatives will be crucial in understanding future import trends.
