The import of aircraft propellers, rotors, and parts thereof to South Korea has shown a consistent upward trend from 2024 through 2028, with forecasted values increasing annually. From 2023 to 2024, the imports are expected to grow from a current base of 41.319 million USD. Year-on-year growth rates illustrate a steady increase: 3.92% from 2024 to 2025, 3.7% from 2025 to 2026, 3.49% from 2026 to 2027, and 3.3% from 2027 to 2028.
This data reveals a consistent compound annual growth rate (CAGR) of approximately 3.6% over the five-year period, indicating a strong and steady rise in imports of these aviation components.
Future trends to watch for include:
- Advancements in aerospace technology that may alter demand dynamics.
- Changes in South Korea's aviation policies or investments that could impact import volumes.
- Global economic conditions and their effects on the aviation industry.