Northern America: Parachute Market 2025

Parachute Market Size in Northern America

The North American parachute market surged to $X in 2021, growing by 22% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Parachute Production in Northern America

In value terms, parachute production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 42% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Parachute Exports

Exports in Northern America

In 2021, shipments abroad of parachutes and rotochutes was finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2015 when exports increased by 81% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, parachute exports surged to $X in 2021. Total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.3% against 2016 indices. The pace of growth was the most pronounced in 2015 when exports increased by 78% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States was the major exporter of parachutes and rotochutes in Northern America, with the volume of exports amounting to X tons, which was approx. 80% of total exports in 2021. It was distantly followed by Canada (X tons), generating a 20% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to parachute exports from the United States stood at -5.6%. Canada (-2.8%) illustrated a downward trend over the same period. While the share of Canada (+3.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-3.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest parachute supplier in Northern America, comprising 84% of total exports. The second position in the ranking was held by Canada ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +1.8%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 12% against the previous year. Export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute export price increased by +18.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 20% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.8%).

Parachute Imports

Imports in Northern America

In 2021, purchases abroad of parachutes and rotochutes was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, parachute imports skyrocketed to $X in 2021. In general, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

The United States represented the largest importer of parachutes and rotochutes in Northern America, with the volume of imports reaching X tons, which was near 85% of total imports in 2021. It was distantly followed by Canada (X tons), generating a 15% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of parachutes and rotochutes. Canada (-3.5%) illustrated a downward trend over the same period. The United States (+5.9 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -6% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported parachutes and rotochutes in Northern America, comprising 81% of total imports. The second position in the ranking was held by Canada ($X), with a 19% share of total imports.

In the United States, parachute imports increased at an average annual rate of +8.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, increasing by 3.5% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute import price increased by +30.5% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 24% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.7%).

Source: IndexBox Platform

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