MERCOSUR: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in MERCOSUR

In 2021, the MERCOSUR aircraft launching gear market decreased by -10.2% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, recorded a deep reduction. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Aircraft Launching Gear Production in MERCOSUR

In value terms, aircraft launching gear production declined slightly to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.1% against 2018 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by 70%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Aircraft Launching Gear Exports

Exports in MERCOSUR

In 2021, overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by -15.2% to X kg, falling for the sixth consecutive year after four years of growth. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 462%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, aircraft launching gear exports fell remarkably to $X in 2021. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 445% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina was the largest exporting country with an export of around X kg, which amounted to 71% of total exports. It was distantly followed by Colombia (X kg), mixing up a 27% share of total exports. Peru (X kg) followed a long way behind the leaders.

Argentina 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 -14.0% from 2012 to 2021. Colombia (-35.4%) and Peru (-44.3%) illustrated a downward trend over the same period. Colombia (+27 p.p.) and Peru (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by -26.7% from 2012 to 2021, respectively.

In value terms, Argentina ($X) remains the largest aircraft launching gear supplier in MERCOSUR, comprising 96% of total exports. The second position in the ranking was held by Colombia ($X), with a 3.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Argentina stood at -5.2%. In the other countries, the average annual rates were as follows: Colombia (-31.2% per year) and Peru (-45.2% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, reducing by -14.9% against the previous year. Overall, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2016 when the export price increased by 109%. The level of export peaked at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+10.2%), while the other leaders experienced mixed trends in the export price figures.

Aircraft Launching Gear Imports

Imports in MERCOSUR

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof imported in MERCOSUR rose markedly to X tons, with an increase of 12% against 2020. Over the period under review, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 55% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, aircraft launching gear imports contracted to $X in 2021. Overall, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 33%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Venezuela was the largest importing country with an import of about X tons, which finished at 61% of total imports. Suriname (X tons) ranks second in terms of the total imports with a 26% share, followed by Chile (6.3%). Brazil (X kg) and Colombia (X kg) held a minor share of total imports.

Venezuela was also the fastest-growing in terms of the aircraft launching gear, deck-arrestor or similar gear and parts thereof imports, with a CAGR of +33.2% from 2012 to 2021. At the same time, Chile (+29.9%) and Suriname (+29.0%) displayed positive paces of growth. By contrast, Brazil (-22.0%) and Colombia (-24.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Venezuela, Suriname and Chile increased by +58, +25 and +5.9 percentage points, respectively.

In value terms, Venezuela ($X), Suriname ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2021, with a combined 88% share of total imports.

Among the main importing countries, Chile, with a CAGR of +36.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, declining by -21.4% against the previous year. Overall, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 85% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform