Kenya: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Kenya

The Kenyan aircraft launching gear market soared to $X in 2021, growing by 187% against the previous year. Overall, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Aircraft Launching Gear Production in Kenya

In value terms, aircraft launching gear production reached $X in 2021 estimated in export price. In general, production continues to indicate a abrupt decline. Aircraft launching gear production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Aircraft Launching Gear Exports

Exports from Kenya

For the fourth year in a row, Kenya recorded growth in overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof, which increased by 334% to X kg in 2021. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aircraft launching gear exports shrank to $X in 2021. In general, exports, however, recorded a abrupt decrease. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X kg) was the main destination for aircraft launching gear exports from Kenya, with a 95% share of total exports. Moreover, aircraft launching gear exports to Canada exceeded the volume sent to the second major destination, South Africa (X kg), more than tenfold.

From 2015 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +313.2%.

In value terms, Canada ($X) remains the key foreign market for aircraft launching gear, deck-arrestor or similar gear and parts thereof exports from Kenya, comprising 95% of total exports. The second position in the ranking was held by South Africa ($X), with a 4.9% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of value to Canada stood at -8.8%.

Export Prices by Country

In 2021, the average aircraft launching gear export price amounted to $X per ton, dropping by -78% against the previous year. In general, the export price continues to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2016 a decrease of -13.3%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-60.7%).

Aircraft Launching Gear Imports

Imports into Kenya

In 2021, approx. X tons of aircraft launching gear, deck-arrestor or similar gear and parts thereof were imported into Kenya; increasing by 809% compared with the year before. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 986%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, aircraft launching gear imports soared to $X in 2021. Overall, imports saw a significant increase. The growth pace was the most rapid in 2013 when imports increased by 1,653% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest aircraft launching gear supplier to Kenya, accounting for a 66% share of total imports. Moreover, aircraft launching gear imports from China exceeded the figures recorded by the second-largest supplier, the UK (X kg), fourfold. The third position in this ranking was taken by the Netherlands (X kg), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+39.1% per year) and the Netherlands (+26.8% per year).

In value terms, China ($X) constituted the largest supplier of aircraft launching gear, deck-arrestor or similar gear and parts thereof to Kenya, comprising 79% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by the UK, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+57.5% per year) and the UK (+18.0% per year).

Import Prices by Country

In 2021, the average aircraft launching gear import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 61% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :