Singapore: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Singapore

The Singaporean aircraft launching gear market declined markedly to $X in 2021, waning by -45% 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, however, posted strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Aircraft Launching Gear Exports

Exports from Singapore

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof exported from Singapore contracted sharply to X tons, declining by -68.9% against the year before. Over the period under review, exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2019 when exports increased by 129%. 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 shrank notably to $X in 2021. In general, exports saw a sharp slump. The most prominent rate of growth was recorded in 2019 when exports increased by 130% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg), China (X kg) and Germany (X kg) were the main destinations of aircraft launching gear exports from Singapore, with a combined 76% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of -14.8%), while the other leaders experienced a decline.

In value terms, the largest markets for aircraft launching gear exported from Singapore were the United States ($X), China ($X) and Germany ($X), with a combined 74% share of total exports.

Germany, with a CAGR of -14.2%, 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 a decline.

Export Prices by Country

The average aircraft launching gear export price stood at $X per ton in 2021, surging by 14% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 the Netherlands (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Launching Gear Imports

Imports into Singapore

Aircraft launching gear imports into Singapore declined sharply to X tons in 2021, falling by -48.8% against the previous year. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 187% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, aircraft launching gear imports fell rapidly to $X in 2021. Over the period under review, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of 200%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of aircraft launching gear to Singapore, accounting for a 50% share of total imports. Moreover, aircraft launching gear imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+73.8% per year) and Australia (+7.9% per year).

In value terms, the United States ($X) constituted the largest supplier of aircraft launching gear, deck-arrestor or similar gear and parts thereof to Singapore, comprising 50% of total imports. The second position in the ranking was taken by the UK ($X), with a 21% share of total imports. It was followed by Australia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+70.4% per year) and Australia (+5.7% per year).

Import Prices by Country

In 2021, the average aircraft launching gear import price amounted to $X per ton, with an increase of 5.4% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 7.8%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and the UK ($X per ton), while the price for France ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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