GCC: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in GCC

The GCC aircraft launching gear market soared to $X in 2021, jumping by 51% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Aircraft Launching Gear Production in GCC

In value terms, aircraft launching gear production contracted notably to $X in 2021 estimated in export price. In general, production, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 9,119% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Aircraft Launching Gear Exports

Exports in GCC

For the third year in a row, GCC recorded decline in shipments abroad of aircraft launching gear, deck-arrestor or similar gear and parts thereof, which decreased by -28.6% to X kg in 2021. Overall, exports saw a dramatic setback. The pace of growth appeared the most rapid in 2018 when exports increased by 4,263%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, aircraft launching gear exports contracted sharply to $X in 2021. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 4,816% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of aircraft launching gear, deck-arrestor or similar gear and parts thereof, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the aircraft launching gear, deck-arrestor or similar gear and parts thereof exports, with a CAGR of -26.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest aircraft launching gear supplier in GCC.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -16.0%.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, surging by 18% against the previous year. Overall, the export price recorded prominent growth. The pace of growth was the most pronounced in 2014 when the export price increased by 350%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +13.9% per year.

Aircraft Launching Gear Imports

Imports in GCC

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof imported in GCC soared to X tons, picking up by 77% on the previous year. Over the period under review, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 723% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft launching gear imports skyrocketed to $X in 2021. In general, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 830%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importer of aircraft launching gear, deck-arrestor or similar gear and parts thereof in GCC, with the volume of imports reaching X tons, which was approx. 69% of total imports in 2021. It was distantly followed by Kuwait (X tons), committing a 27% share of total imports. Qatar (X tons) took a minor share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of aircraft launching gear, deck-arrestor or similar gear and parts thereof. Kuwait experienced a relatively flat trend pattern. Qatar (-19.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Kuwait and Qatar increased by +14, +4.8 and +3.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported aircraft launching gear, deck-arrestor or similar gear and parts thereof in GCC, comprising 77% of total imports. The second position in the ranking was held by Kuwait ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -1.3%. In the other countries, the average annual rates were as follows: Kuwait (-6.5% per year) and Qatar (-5.4% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, dropping by -22.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 130%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, 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 Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+17.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform