Asia: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in Asia

In 2022, the Asian balloon and dirigible market increased by X% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a pronounced expansion 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. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Balloon And Dirigible Production in Asia

In value terms, balloon and dirigible production dropped sharply to $X in 2022 estimated in export price. In general, production, however, saw mild growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Balloon And Dirigible Exports

Exports in Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of balloons, dirigibles and other non-powered aircraft, when their volume decreased by X% to X units. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, balloon and dirigible exports skyrocketed to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Vietnam (X units) and India (X units), together mixing up a X% share of total exports. Turkey (X units) and the United Arab Emirates (X units) held a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of balloons, dirigibles and other non-powered aircraft. At the same time, Turkey (X%), the United Arab Emirates (X%), Vietnam (X%) and India (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. While the share of Vietnam (X p.p.), India (X p.p.), Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, the largest balloon and dirigible supplying countries in Asia were Vietnam ($X), China ($X) and Turkey ($X), with a combined X% share of total exports. India and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw 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

The export price in Asia stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while China ($X per unit) was amongst the lowest.

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

Balloon And Dirigible Imports

Imports in Asia

In 2022, the amount of balloons, dirigibles and other non-powered aircraft imported in Asia dropped modestly to X units, declining by X% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced 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 reduced sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, Brunei Darussalam (X units) represented the key importer of balloons, dirigibles and other non-powered aircraft, committing X% of total imports. The Philippines (X units) held the second position in the ranking, followed by Turkey (X units), South Korea (X units), Thailand (X units) and Japan (X units). All these countries together held near X% share of total imports. The following importers - Iraq (X units), the United Arab Emirates (X units), Vietnam (X units), Singapore (X units), Maldives (X units), Taiwan (Chinese) (X units) and Mongolia (X units) - together made up X% 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, Iraq (X%), the Philippines (X%), Maldives (X%), Taiwan (Chinese) (X%), South Korea (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Japan and Vietnam experienced a relatively flat trend pattern. By contrast, Turkey (X%), Thailand (X%), Singapore (X%) and Mongolia (X%) illustrated a downward trend over the same period. While the share of Brunei Darussalam (X p.p.), the Philippines (X p.p.), Iraq (X p.p.), South Korea (X p.p.), Maldives (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.), Singapore (X p.p.), Thailand (X p.p.) and Mongolia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Japan, South Korea, Iraq, Singapore, Thailand, the Philippines, Vietnam, Mongolia, Maldives and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iraq, 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 Asia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per unit, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Brunei Darussalam ($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 more modest paces of growth.

Source: IndexBox Platform

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