Malaysia: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Malaysia

The Malaysian aircraft launching gear market skyrocketed to $X in 2021, jumping by 4,712% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a buoyant expansion. Aircraft launching gear consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Aircraft Launching Gear Exports

Exports from Malaysia

In 2021, aircraft launching gear exports from Malaysia surged to X kg, jumping by 142% against 2020. Over the period under review, exports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2018 with an increase of 2,892% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aircraft launching gear exports surged to $X in 2021. In general, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 2,101%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for aircraft launching gear exports from Malaysia, accounting for a 50% share of total exports. Moreover, aircraft launching gear exports to the UK exceeded the volume sent to the second major destination, France (X kg), twofold. The third position in this ranking was held by Indonesia (X kg), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+26.4% per year) and Indonesia (-16.1% per year).

In value terms, India ($X), the UK ($X) and France ($X) constituted the largest markets for aircraft launching gear exported from Malaysia worldwide, with a combined 82% share of total exports.

India, with a CAGR of +49.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aircraft launching gear export price amounted to $X per ton, rising by 23% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aircraft launching gear export price decreased by -6.2% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 82% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+159.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Launching Gear Imports

Imports into Malaysia

In 2021, after two years of decline, there was significant growth in overseas purchases of aircraft launching gear, deck-arrestor or similar gear and parts thereof, when their volume increased by 3,586% to X tons. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, aircraft launching gear imports skyrocketed to $X in 2021. Overall, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of aircraft launching gear to Malaysia, with a 41% share of total imports. Moreover, aircraft launching gear imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Canada (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+81.4% per year) and Canada (-0.6% per year).

In value terms, the United States ($X), Spain ($X) and Sweden ($X) appeared to be the largest aircraft launching gear suppliers to Malaysia, together accounting for 77% of total imports. Singapore, Canada, China and Indonesia lagged somewhat behind, together accounting for a further 10%.

China, with a CAGR of +83.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aircraft launching gear import price stood at $X per ton in 2021, growing by 7% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of 97% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Canada ($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 (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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