Eastern Asia: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Eastern Asia

The East Asian aircraft launching gear market fell to $X in 2021, dropping by -3.3% against the previous year. In general, consumption showed a mild shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Aircraft Launching Gear Production in Eastern Asia

In value terms, aircraft launching gear production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a drastic downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Aircraft Launching Gear Exports

Exports in Eastern Asia

After two years of growth, overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by -9.4% to X tons in 2021. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2019 when exports increased by 23% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, aircraft launching gear exports fell to $X in 2021. In general, exports recorded a significant curtailment. The growth pace was the most rapid in 2017 with an increase of 29%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Taiwan (Chinese) (X tons) represented the key exporter of aircraft launching gear, deck-arrestor or similar gear and parts thereof, constituting 71% of total exports. It was distantly followed by South Korea (X tons), making up a 25% share of total exports. China (X kg) followed a long way behind the leaders.

Exports from Taiwan (Chinese) decreased at an average annual rate of -22.3% from 2012 to 2021. At the same time, South Korea (+13.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +13.8% from 2012-2021. By contrast, China (-22.1%) illustrated a downward trend over the same period. While the share of South Korea (+24 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-23.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) remains the largest aircraft launching gear supplier in Eastern Asia, comprising 61% of total exports. The second position in the ranking was taken by South Korea ($X), with a 22% share of total exports.

In Taiwan (Chinese), aircraft launching gear exports contracted by an average annual rate of -27.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+1.8% per year) and China (-16.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, shrinking by -3.9% against the previous year. In general, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($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 (+7.0%), while the other leaders experienced a decline in the export price figures.

Aircraft Launching Gear Imports

Imports in Eastern Asia

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof imported in Eastern Asia fell dramatically to X tons, with a decrease of -35.4% compared with 2020 figures. In general, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2015 when imports increased by 61%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft launching gear imports fell remarkably to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.4% against 2016 indices. The growth pace was the most rapid in 2015 when imports increased by 58% against the previous year. The level of import peaked at $X in 2020, and then dropped remarkably in the following year.

Imports by Country

In 2021, South Korea (X tons) and Japan (X tons) were the key importers of aircraft launching gear, deck-arrestor or similar gear and parts thereof in Eastern Asia, together resulting at near 75% of total imports. China (X tons) ranks next in terms of the total imports with an 18% share, followed by Macao SAR (6.5%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +90.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported aircraft launching gear, deck-arrestor or similar gear and parts thereof in Eastern Asia, comprising 82% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by China, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value in Japan totaled +22.3%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-12.3% per year) and China (+42.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, rising by 27% against the previous year. In general, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 an increase of 71% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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 ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :