Europe: Aircraft Market 2024

Aircraft Market Size in Europe

In 2022, the Europe aircraft market increased by 65% to $X, rising for the third year in a row after three years of decline. In general, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Aircraft Production in Europe

In value terms, aircraft production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 112% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Aircraft Exports

Exports in Europe

In 2022, the amount of airplanes and other aircraft exported in Europe expanded slightly to X units, with an increase of 4.5% compared with 2021. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 145%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft exports surged to $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 66% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of airplanes and other aircraft, namely France, Poland, Italy and the Netherlands, represented more than half of total export. The Czech Republic (X units) took a 6.1% share (based on physical terms) of total exports, which put it in second place, followed by Germany (6.1%). The following exporters - Switzerland (X units), Spain (X units), Belgium (X units), Slovakia (X units), Slovenia (X units), Austria (X units) and Ukraine (X units) - together made up 22% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +30.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2022, with a combined 59% share of total exports. The Czech Republic, Switzerland, the Netherlands, Poland, France, Slovenia, Slovakia, Spain, Ukraine and Belgium lagged somewhat behind, together accounting for a further 36%.

Among the main exporting countries, France, with a CAGR of +19.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, picking up by 10% against the previous year. Overall, the export price, however, continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 an increase of 42%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the other leaders experienced more modest paces of growth.

Aircraft Imports

Imports in Europe

In 2022, the amount of airplanes and other aircraft imported in Europe soared to X units, rising by 21% against the previous year. Overall, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, aircraft imports fell notably to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 204% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Ukraine represented the largest importing country with an import of about X units, which amounted to 31% of total imports. Romania (X units) ranks second in terms of the total imports with a 16% share, followed by Ireland (9.3%), Germany (8.1%), Spain (6%) and Italy (5.3%). Poland (X units), the Netherlands (X units), France (X units) and Switzerland (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +53.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constitutes the largest market for imported airplanes and other aircraft in Europe, comprising 47% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Switzerland, with a 6.9% share.

In Ukraine, aircraft imports increased at an average annual rate of +40.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+9.3% per year) and Switzerland (+1.8% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, with a decrease of -37.6% against the previous year. Over the period under review, the import price showed a abrupt slump. The growth pace was the most rapid in 2021 when the import price increased by 112% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Switzerland ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform