Asia: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Asia

In 2021, the Asian aircraft launching gear market increased by 26% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded slight growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Aircraft Launching Gear Production in Asia

In value terms, aircraft launching gear production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a deep contraction. The growth pace was the most rapid in 2017 when the production volume increased by 12% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Aircraft Launching Gear Exports

Exports in Asia

In 2021, after two years of growth, there was significant decline in overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof, when their volume decreased by -51.2% to X tons. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 40%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aircraft launching gear exports declined dramatically to $X in 2021. In general, exports recorded a dramatic decrease. The smallest decline of -3.3% was in 2019. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) represented the major exporter of aircraft launching gear, deck-arrestor or similar gear and parts thereof in Asia, with the volume of exports resulting at X tons, which was near 44% of total exports in 2021. South Korea (X tons) took the second position in the ranking, followed by India (X tons), Vietnam (X tons) and Singapore (X tons). All these countries together took approx. 45% share of total exports. Turkey (X tons) and the United Arab Emirates (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to aircraft launching gear exports from Taiwan (Chinese) stood at -22.3%. At the same time, Vietnam (+45.5%), Turkey (+18.1%) and South Korea (+13.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +45.5% from 2012-2021. By contrast, India (-21.4%), the United Arab Emirates (-26.3%) and Singapore (-38.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Taiwan (Chinese), South Korea, Vietnam, India and Turkey increased by +22, +15, +8, +7.9 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aircraft launching gear supplying countries in Asia were Taiwan (Chinese) ($X), India ($X) and South Korea ($X), with a combined 67% share of total exports. The United Arab Emirates, Singapore, Vietnam and Turkey lagged somewhat behind, together accounting for a further 21%.

Vietnam, with a CAGR of +56.9%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the export price in Asia amounted to $X per ton, picking up by 46% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.9%), while the other leaders experienced more modest paces of growth.

Aircraft Launching Gear Imports

Imports in Asia

In 2021, purchases abroad of aircraft launching gear, deck-arrestor or similar gear and parts thereof increased by 21% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 65% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, aircraft launching gear imports surged to $X in 2021. Overall, imports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2013 when imports increased by 45% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons), distantly followed by India (X tons), Singapore (X tons), Yemen (X tons), Malaysia (X tons), the United Arab Emirates (X tons), South Korea (X tons), Afghanistan (X tons) and Japan (X tons) represented the key importers of aircraft launching gear, deck-arrestor or similar gear and parts thereof, together constituting 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 54% of total imports.

Turkey, with a CAGR of +34.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 14% against the previous year. Overall, the import price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2014 when the import price increased by 49% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+17.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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