ASEAN: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in ASEAN

The ASEAN balloon and dirigible market reduced slightly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Balloon And Dirigible Production in ASEAN

In value terms, balloon and dirigible production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Balloon And Dirigible Exports

Exports in ASEAN

In 2022, overseas shipments of balloons, dirigibles and other non-powered aircraft increased by X% to X units, rising for the second consecutive year after four years of decline. In general, exports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, balloon and dirigible exports skyrocketed to $X in 2022. Overall, exports saw strong growth. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam represented the main exporter of balloons, dirigibles and other non-powered aircraft in ASEAN, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Thailand (X units), committing an X% share of total exports. The following exporters - Indonesia (X units) and Singapore (X units) - together made up X% of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest balloon and dirigible supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Vietnam, balloon and dirigible exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, surging by X% against the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a 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 Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Balloon And Dirigible Imports

Imports in ASEAN

In 2022, balloon and dirigible imports in ASEAN contracted to X units, dropping by X% on the previous year's figure. In general, imports, however, saw a measured expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, balloon and dirigible imports surged to $X in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brunei Darussalam was the major importing country with an import of around X units, which resulted at X% of total imports. The Philippines (X units) took the second position in the ranking, distantly followed by Thailand (X units), Vietnam (X units) and Singapore (X units). All these countries together held approx. X% share of total imports.

Brunei Darussalam was also the fastest-growing in terms of the balloons, dirigibles and other non-powered aircraft imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. By contrast, Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Brunei Darussalam (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.), Singapore (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X), Thailand ($X) and the Philippines ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Vietnam and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform