Asia-Pacific: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Asia-Pacific

The Asia-Pacific aircraft launching gear market amounted to $X in 2021, growing by 11% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Aircraft Launching Gear Production in Asia-Pacific

In value terms, aircraft launching gear production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Aircraft Launching Gear Exports

Exports in Asia-Pacific

In 2021, after two years of growth, there was significant decline in shipments abroad of aircraft launching gear, deck-arrestor or similar gear and parts thereof, when their volume decreased by -31.1% to X tons. In general, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2019 with an increase of 47% against the previous year. 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 shrank remarkably to $X in 2021. Over the period under review, exports saw a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by 7.8% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) and Australia (X tons) represented the major exporters of aircraft launching gear, deck-arrestor or similar gear and parts thereof in 2021, accounting for near 33% and 29% of total exports, respectively. South Korea (X tons) ranks next in terms of the total exports with a 12% share, followed by India (11%), Vietnam (6%) and Singapore (5.6%). China (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +45.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Australia ($X) remains the largest aircraft launching gear supplier in Asia-Pacific, comprising 45% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 20% share of total exports. It was followed by India, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (-27.2% per year) and India (-24.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with a decrease of -14.9% against the previous year. In general, the export price, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2017 when the export price increased by 44% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a 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 China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.9%), while the other leaders experienced more modest paces of growth.

Aircraft Launching Gear Imports

Imports in Asia-Pacific

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof imported in Asia-Pacific contracted to X tons, shrinking by -11.6% against the year before. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 42% against the previous year. As a result, imports reached the peak of X tons. From 2016 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 showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when imports increased by 53%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons) and Singapore (X tons) represented roughly 40% of total imports in 2021. Australia (X tons) ranks next in terms of the total imports with a 10% share, followed by Malaysia (8.6%), South Korea (8.1%), Afghanistan (8%), Japan (7.3%) and Pakistan (5.1%).

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft launching gear importing markets in Asia-Pacific were India ($X), Japan ($X) and Malaysia ($X), with a combined 63% share of total imports.

Japan, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, in terms of 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

The import price in Asia-Pacific stood at $X per ton in 2021, rising by 38% against the previous year. In general, the import price posted modest growth. The growth pace was the most rapid in 2017 when the import price increased by 73% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

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 ($X per ton), while South Korea ($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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