Australia and Oceania: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Australia and Oceania

After two years of growth, the aircraft launching gear market in Australia and Oceania decreased by -6.8% to $X in 2021. Over the period under review, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Aircraft Launching Gear Production in Australia and Oceania

In value terms, aircraft launching gear production expanded modestly to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.5% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 71%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Aircraft Launching Gear Exports

Exports in Australia and Oceania

After four years of growth, shipments abroad of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by -46.5% to X tons in 2021. Overall, exports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of 20,437% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then dropped remarkably in the following year.

In value terms, aircraft launching gear exports shrank dramatically to $X in 2021. Over the period under review, exports, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2015 when exports increased by 13,396% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020, and then fell rapidly in the following year.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. 98% of total exports in 2021. New Zealand (X kg) held a relatively small share of total exports.

Exports from Australia decreased at an average annual rate of -2.4% from 2012 to 2021. At the same time, New Zealand (+117.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +117.9% from 2012-2021. New Zealand (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -1.7% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest aircraft launching gear supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was held by New Zealand ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia amounted to +2.3%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, declining by -16.1% against the previous year. Overall, the export price, however, continues to indicate tangible growth. The growth pace was the most rapid in 2017 when the export price increased by 103% against the previous year. Over the period under review, the export prices hit record highs 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 Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.9%).

Aircraft Launching Gear Imports

Imports in Australia and Oceania

After two years of growth, overseas purchases of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by -34% to X tons in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 134% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft launching gear imports dropped to $X in 2021. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 229% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Australia dominates imports structure, resulting at X tons, which was near 96% of total imports in 2021. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the aircraft launching gear, deck-arrestor or similar gear and parts thereof imports, with a CAGR of +1.7% from 2012 to 2021. New Zealand (-6.1%) illustrated a downward trend over the same period. While the share of Australia (+6.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of New Zealand (-2.5 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported aircraft launching gear, deck-arrestor or similar gear and parts thereof in Australia and Oceania, comprising 99% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled +9.5%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 29% against the previous year. Overall, the import price saw resilient growth. The growth pace was the most rapid in 2014 an increase of 57% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+7.7%).

Source: IndexBox Platform

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