EU: Spacecraft Market 2024

Spacecraft Market Size in the EU

The EU spacecraft market surged to $X in 2022, growing by 43% against the previous year. Over the period under review, consumption, however, saw a strong expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Spacecraft Production in the EU

In value terms, spacecraft production expanded sharply to $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by 386% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Spacecraft Exports

Exports in the EU

In 2022, shipments abroad of civil spacecraft, satellites and launch vehicles increased by 554% to X units, rising for the second year in a row after three years of decline. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 2,245,740%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, spacecraft exports fell markedly to $X in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 116% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France prevails in exports structure, finishing at X units, which was approx. 90% of total exports in 2022. It was distantly followed by Spain (X units), generating a 7.9% share of total exports.

France was also the fastest-growing in terms of the civil spacecraft, satellites and launch vehicles exports, with a CAGR of +152.0% from 2012 to 2022. At the same time, Spain (+143.2%) displayed positive paces of growth. France (+90 p.p.) and Spain (+7.9 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest spacecraft supplier in the European Union, comprising 69% of total exports. The second position in the ranking was taken by Spain ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in France amounted to -13.0%.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, dropping by -92.3% against the previous year. Overall, the export price faced a sharp reduction. The pace of growth appeared the most rapid in 2016 when the export price increased by 31,317%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-32.0%).

Spacecraft Imports

Imports in the EU

Spacecraft imports soared to X units in 2022, rising by 58% against the previous year. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 15,122% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, spacecraft imports fell remarkably to $X in 2022. Over the period under review, imports, however, faced a sharp setback. The pace of growth was the most pronounced in 2016 with an increase of 950,149% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Ireland dominates imports structure, amounting to X units, which was near 85% of total imports in 2022. It was distantly followed by Spain (X units), mixing up an 8.2% share of total imports. The following importers - Greece (X units) and Sweden (X units) - together made up 6.5% of total imports.

From 2012 to 2022, average annual rates of growth with regard to spacecraft imports into Ireland stood at +35.1%. At the same time, Greece (+5,819.5%), Spain (+154.3%) and Sweden (+70.0%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the European Union, with a CAGR of +5,819.5% from 2012-2022. From 2012 to 2022, the share of Ireland, Spain and Greece increased by +85, +8.2 and +4.3 percentage points, respectively.

In value terms, Spain ($X) constitutes the largest market for imported civil spacecraft, satellites and launch vehicles in the European Union, comprising 43% of total imports. The second position in the ranking was held by Greece ($X), with an 8.2% share of total imports. It was followed by Sweden, with an 8.1% share.

In Spain, spacecraft imports shrank by an average annual rate of -14.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Greece (+5,718.5% per year) and Sweden (+19.2% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, reducing by -98.5% against the previous year. In general, the import price continues to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2016 when the import price increased by 37,311% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+137.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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