Middle East: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in the Middle East

For the third year in a row, the Middle Eastern aircraft launching gear market recorded growth in sales value, which increased by 275% to $X in 2021. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Aircraft Launching Gear Production in the Middle East

In value terms, aircraft launching gear production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of 3,157%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Aircraft Launching Gear Exports

Exports in the Middle East

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof exported in the Middle East reduced remarkably to X tons, shrinking by -93.1% on 2020. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 1,578%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, aircraft launching gear exports contracted sharply to $X in 2021. In general, exports showed a deep downturn. The growth pace was the most rapid in 2018 when exports increased by 1,205% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey represented the key exporting country with an export of about X tons, which amounted to 62% of total exports. It was distantly followed by the United Arab Emirates (X kg), committing a 38% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +18.1%).

In value terms, the United Arab Emirates ($X) emerged as the largest aircraft launching gear supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was taken by Turkey ($X), with a 13% share of total exports.

In the United Arab Emirates, aircraft launching gear exports decreased by an average annual rate of -16.0% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, rising by 430% against the previous year. In general, the export price posted moderate growth. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.9%).

Aircraft Launching Gear Imports

Imports in the Middle East

In 2021, supplies from abroad of aircraft launching gear, deck-arrestor or similar gear and parts thereof increased by 116% to X tons, rising for the third consecutive year after two years of decline. In general, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 648%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft launching gear imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 315%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) was the key importer of aircraft launching gear, deck-arrestor or similar gear and parts thereof, creating 66% of total imports. Yemen (X tons) ranks second in terms of the total imports with a 14% share, followed by the United Arab Emirates (13%) and Kuwait (5.1%).

Turkey 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 +30.6% from 2012 to 2021. At the same time, Yemen (+14.7%) displayed positive paces of growth. The United Arab Emirates and Kuwait experienced a relatively flat trend pattern. Turkey (+51 p.p.) and Yemen (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and the United Arab Emirates saw its share reduced by -7.8% and -19.6% from 2012 to 2021, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported aircraft launching gear, deck-arrestor or similar gear and parts thereof in the Middle East, comprising 61% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 27% share of total imports. It was followed by Kuwait, with a 5.9% share.

In Turkey, aircraft launching gear imports increased at an average annual rate of +34.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.3% per year) and Kuwait (-6.5% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, with a decrease of -8.2% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the import price increased by 254%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :