EU: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in the EU

The EU aircraft launching gear market dropped to $X in 2021, declining by -13.2% against the previous year. Overall, consumption, however, recorded a pronounced expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Aircraft Launching Gear Production in the EU

In value terms, aircraft launching gear production surged to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.0% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Aircraft Launching Gear Exports

Exports in the EU

In 2021, overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof increased by 12% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 85% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, aircraft launching gear exports skyrocketed to $X in 2021. Overall, exports enjoyed pronounced growth. The growth pace was the most rapid in 2015 with an increase of 165% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons) and Finland (X tons) represented roughly 67% of total exports in 2021. It was distantly followed by the Netherlands (X tons) and Germany (X tons), together making up a 28% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +121.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest aircraft launching gear supplier in the European Union, comprising 53% of total exports. The second position in the ranking was taken by Finland ($X), with a 22% share of total exports. It was followed by the Netherlands, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in France amounted to +2.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+4.7% per year) and the Netherlands (+96.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, picking up by 17% against the previous year. Over the period under review, the export price recorded a moderate increase. The most prominent rate of growth was recorded in 2015 an increase of 43%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Aircraft Launching Gear Imports

Imports in the EU

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof imported in the European Union shrank notably to X tons, dropping by -39.2% on 2020. Overall, imports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2015 with an increase of 144% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, aircraft launching gear imports dropped remarkably to $X in 2021. In general, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 with an increase of 261%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of aircraft launching gear, deck-arrestor or similar gear and parts thereof, namely France, Spain, Sweden and the Netherlands, represented more than two-thirds of total import. It was distantly followed by Latvia (X tons), constituting a 5.7% share of total imports. Ireland (X tons) and Lithuania (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Latvia (with a CAGR of +69.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft launching gear importing markets in the European Union were Ireland ($X), France ($X) and Spain ($X), together accounting for 71% of total imports. The Netherlands, Latvia, Sweden and Lithuania lagged somewhat behind, together accounting for a further 17%.

Among the main importing countries, Latvia, with a CAGR of +62.8%, recorded the highest growth rate of the value of imports, 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 the European Union amounted to $X per ton, jumping by 30% against the previous year. Over the period under review, the import price continues to indicate a pronounced increase. The pace of growth appeared the most rapid in 2016 an increase of 125%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ireland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+21.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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