Australia and Oceania: Parachute Market 2024

Parachute Market Size in Australia and Oceania

In 2021, the parachute market in Australia and Oceania increased by 42% to $X, rising for the second year in a row after four years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Parachute Production in Australia and Oceania

In value terms, parachute production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production saw prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by 612% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Parachute Exports

Exports in Australia and Oceania

In 2021, overseas shipments of parachutes and rotochutes decreased by -5.5% to X tons, falling for the second consecutive year after four years of growth. Overall, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 274% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, parachute exports soared to $X in 2021. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 463% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

In 2021, New Zealand (X tons) was the key exporter of parachutes and rotochutes, generating 89% of total exports. It was distantly followed by Australia (X tons), achieving an 11% share of total exports.

New Zealand was also the fastest-growing in terms of the parachutes and rotochutes exports, with a CAGR of +22.1% from 2012 to 2021. At the same time, Australia (+2.2%) displayed positive paces of growth. While the share of New Zealand (+31 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-25.4 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest parachute supplier in Australia and Oceania, comprising 89% of total exports. The second position in the ranking was taken by Australia ($X), with an 11% share of total exports.

In New Zealand, parachute exports expanded at an average annual rate of +27.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, rising by 24% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute export price increased by +23.8% against 2018 indices. The pace of growth was the most pronounced in 2015 an increase of 101% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+4.2%).

Parachute Imports

Imports in Australia and Oceania

In 2021, overseas purchases of parachutes and rotochutes increased by 35% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a perceptible slump. The growth pace was the most rapid in 2015 when imports increased by 99%. 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, parachute imports surged to $X in 2021. Overall, imports, however, showed a perceptible contraction. The growth pace was the most rapid in 2015 when imports increased by 59%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia represented the major importing country with an import of about X tons, which reached 88% of total imports. It was distantly followed by New Zealand (X tons), committing a 10% share of total imports.

Imports into Australia decreased at an average annual rate of -5.2% from 2012 to 2021. New Zealand experienced a relatively flat trend pattern. New Zealand (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -2.9% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported parachutes and rotochutes in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Zealand ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at -3.0%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 5.5% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute import price increased by +99.3% against 2015 indices. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+5.8%).

Source: IndexBox Platform

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