Eastern Asia: Spacecraft Market 2025

Spacecraft Market Size in Eastern Asia

In 2022, after three years of growth, there was significant decline in the East Asian spacecraft market, when its value decreased by -7.9% to $X. In general, consumption, however, continues to indicate pronounced growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Spacecraft Production in Eastern Asia

In value terms, spacecraft production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 78% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Spacecraft Exports

Exports in Eastern Asia

In 2022, spacecraft exports in Eastern Asia declined to X units, which is down by -6.3% against the previous year. In general, exports, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2018 with an increase of 97% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, spacecraft exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 194%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China represented the main exporting country with an export of about X units, which recorded 67% of total exports. It was distantly followed by South Korea (X units), generating a 33% share of total exports.

China was also the fastest-growing in terms of the civil spacecraft, satellites and launch vehicles exports, with a CAGR of +109.3% from 2012 to 2022. South Korea (-6.9%) illustrated a downward trend over the same period. China (+67 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -66.7% from 2012 to 2022, respectively.

In value terms, the largest spacecraft supplying countries in Eastern Asia were China ($X) and South Korea ($X).

Among the main exporting countries, China, with a CAGR of +115.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, rising by 57% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when the export price increased by 211% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.1%).

Spacecraft Imports

Imports in Eastern Asia

In 2022, purchases abroad of civil spacecraft, satellites and launch vehicles decreased by -98.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports faced a precipitous contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 444% against the previous year. The volume of import peaked at X units in 2021, and then fell notably in the following year.

In value terms, spacecraft imports declined remarkably to $X in 2022. Over the period under review, imports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 210%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China dominates imports structure, amounting to X units, which was near 98% of total imports in 2022. Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the civil spacecraft, satellites and launch vehicles imports, with a CAGR of -26.8% from 2012 to 2022. Taiwan (Chinese) (-44.7%) illustrated a downward trend over the same period. China (+56 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) saw its share reduced by -9.5% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported civil spacecraft, satellites and launch vehicles in Eastern Asia, comprising 98% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in China stood at -30.9%.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with an increase of 22% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2016 when the import price increased by 91% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-5.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :