Philippines: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in the Philippines

The Philippine aircraft launching gear market surged to $X in 2021, rising by 26% 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). Over the period under review, consumption saw a relatively flat trend pattern. Aircraft launching gear consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Aircraft Launching Gear Exports

Exports from the Philippines

In 2016, overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by -81.9% to X kg, falling for the third year in a row after two years of growth. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2013 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2016, the growth of the exports failed to regain momentum.

In value terms, aircraft launching gear exports declined rapidly to $X in 2016. Over the period under review, exports showed a dramatic curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 23%. As a result, the exports reached the peak of $X. From 2014 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X kg) was the main destination for aircraft launching gear exports from the Philippines, with a 43% share of total exports. Moreover, aircraft launching gear exports to Malaysia exceeded the volume sent to the second major destination, the United States (X kg), twofold. Singapore (X kg) ranked third in terms of total exports with a 19% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Malaysia totaled +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-52.4% per year) and Singapore (-32.4% per year).

In value terms, Malaysia ($X), the United States ($X) and Singapore ($X) were the largest markets for aircraft launching gear exported from the Philippines worldwide, with a combined 81% share of total exports. Canada lagged somewhat behind, accounting for a further 19%.

Canada, with a CAGR of +52.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average aircraft launching gear export price stood at $X per ton in 2016, picking up by 39% against the previous year. In general, the export price posted a resilient increase. The pace of growth was the most pronounced in 2015 an increase of 52%. The export price peaked in 2016 and is expected to retain growth in years to come.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Launching Gear Imports

Imports into the Philippines

Aircraft launching gear imports into the Philippines skyrocketed to X tons in 2021, rising by 26% on 2020 figures. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 1,661%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft launching gear imports skyrocketed to $X in 2021. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 9,160%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of aircraft launching gear to the Philippines, with a 55% share of total imports. Moreover, aircraft launching gear imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +59.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+66.5% per year) and Japan (+99.9% per year).

In value terms, South Korea ($X), the United States ($X) and the UK ($X) were the largest aircraft launching gear suppliers to the Philippines, together accounting for 86% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +176.1%, saw 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 average aircraft launching gear import price amounted to $X per ton, growing by 29% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 426%. Over the period under review, average 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 origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Malaysia ($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 UK (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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