Asia-Pacific: Parachute Market 2025

Parachute Market Size in Asia-Pacific

The Asia-Pacific parachute market shrank slightly to $X in 2021, stabilizing at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Parachute Production in Asia-Pacific

In value terms, parachute production shrank slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Parachute Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in overseas shipments of parachutes and rotochutes, which increased by 31% to X tons in 2021. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, parachute exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.5% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam was the major exporting country with an export of about X tons, which resulted at 45% of total exports. China (X tons) ranks second in terms of the total exports with a 17% share, followed by South Korea (13%), Thailand (8.8%), Sri Lanka (5.6%) and Hong Kong SAR (4.7%). New Zealand (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to parachute exports from Vietnam stood at +9.2%. At the same time, New Zealand (+22.1%), Thailand (+17.1%) and South Korea (+5.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.1% from 2012-2021. By contrast, Hong Kong SAR (-3.9%), Sri Lanka (-5.8%) and China (-7.8%) illustrated a downward trend over the same period. While the share of Vietnam (+21 p.p.), Thailand (+6.3 p.p.), South Korea (+3.6 p.p.) and New Zealand (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-3.2 p.p.), Sri Lanka (-5.6 p.p.) and China (-24.4 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest parachute supplier in Asia-Pacific, comprising 51% of total exports. The second position in the ranking was held by South Korea ($X), with a 14% share of total exports. It was followed by Thailand, with a 9.1% share.

In Vietnam, parachute exports increased at an average annual rate of +15.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+10.4% per year) and Thailand (+20.8% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, picking up by 1.7% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute export price increased by +97.6% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of 25%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the other leaders experienced more modest paces of growth.

Parachute Imports

Imports in Asia-Pacific

In 2021, purchases abroad of parachutes and rotochutes increased by 22% to X tons, rising for the third year in a row after three years of decline. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 36%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, parachute imports reduced slightly to $X in 2021. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 40% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then fell slightly in the following year.

Imports by Country

Indonesia (X tons) and South Korea (X tons) were the key importers of parachutes and rotochutes in 2021, recording approx. 27% and 25% of total imports, respectively. Australia (X tons) took a 9.6% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (7%), Thailand (6.5%), Japan (5.1%) and China (5%).

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest parachute importing markets in Asia-Pacific were South Korea ($X), Australia ($X) and Japan ($X), together accounting for 49% of total imports. These countries were followed by Indonesia, Thailand, China and Hong Kong SAR, which together accounted for a further 29%.

China, with a CAGR of +27.3%, saw 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-Pacific amounted to $X per ton, which is down by -21.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined sharply in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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