ASEAN: Helicopter Market 2024

Helicopter Market Size in ASEAN

The ASEAN helicopter market shrank rapidly to $X in 2022, dropping by -23.9% against the previous year. Over the period under review, consumption showed a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Helicopter Production in ASEAN

In value terms, helicopter production shrank to $X in 2022 estimated in export price. Overall, production recorded a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of 2,920% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Helicopter Exports

Exports in ASEAN

In 2022, the amount of civil helicopters exported in ASEAN fell significantly to X units, which is down by -29% on 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 9,734% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, helicopter exports contracted to $X in 2022. Overall, exports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 174% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Singapore (X units) was the major exporter of civil helicopters, making up 39% of total exports. Malaysia (X units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (18%) and Thailand (17%). The following exporters - the Philippines (X units) and Vietnam (X units) - each finished at a 5.5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +4.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together comprising 98% of total exports.

Thailand, with a CAGR of +41.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, picking up by 33% against the previous year. In general, the export price showed a notable expansion. The pace of growth was the most pronounced in 2016 an increase of 12,113%. As a result, the export price attained the peak level of $X per unit. From 2017 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 Thailand ($X per unit), while Indonesia ($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 (+40.4%), while the other leaders experienced mixed trends in the export price figures.

Helicopter Imports

Imports in ASEAN

Helicopter imports reduced notably to X units in 2022, dropping by -38.4% against 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 76%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, helicopter imports expanded modestly to $X in 2022. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 99%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units), the Philippines (X units), Thailand (X units), Singapore (X units) and Indonesia (X units) was the largest importer of civil helicopters in ASEAN, making up 85% of total import. It was distantly followed by Brunei Darussalam (X units), mixing up a 5.7% share of total imports. Vietnam (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +13.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest helicopter importing markets in ASEAN were the Philippines ($X), Thailand ($X) and Malaysia ($X), with a combined 81% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of +65.5%, recorded the highest growth rate of 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

The import price in ASEAN stood at $X per unit in 2022, rising by 67% against the previous year. In general, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 70%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+45.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform