South-Eastern Asia: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in South-Eastern Asia

The Southeast Asian aircraft launching gear market surged to $X in 2021, growing by 19% against the previous year. Over the period under review, consumption, however, continues to indicate a notable expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Aircraft Launching Gear Production in South-Eastern Asia

In value terms, aircraft launching gear production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 49% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Aircraft Launching Gear Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by -47.6% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2019 with an increase of 195% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, aircraft launching gear exports fell markedly to $X in 2021. Over the period under review, exports saw a dramatic curtailment. The growth pace was the most rapid in 2019 with an increase of 152%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) and Singapore (X tons) prevails in exports structure, together comprising 87% of total exports. It was distantly followed by Malaysia (X kg) and Indonesia (X kg), together committing a 13% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +45.5%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest aircraft launching gear supplying countries in South-Eastern Asia were Singapore ($X), Vietnam ($X) and Malaysia ($X), together comprising 98% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +56.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, increasing by 14% against the previous year. Export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 an increase of 74% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.9%), while the other leaders experienced more modest paces of growth.

Aircraft Launching Gear Imports

Imports in South-Eastern Asia

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof imported in South-Eastern Asia fell remarkably to X tons, dropping by -18.7% against 2020 figures. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2015 with an increase of 188% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, aircraft launching gear imports skyrocketed to $X in 2021. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by 109%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons) was the major importer of aircraft launching gear, deck-arrestor or similar gear and parts thereof, committing 55% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a 28% share, followed by the Philippines (9.7%) and Indonesia (7%).

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +54.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 97% share of total imports. These countries were followed by the Philippines, which accounted for a further 2.9%.

Among the main importing countries, the Philippines, with a CAGR of +64.7%, recorded the highest growth rate of 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 South-Eastern Asia amounted to $X per ton, picking up by 56% against the previous year. Overall, the import price saw prominent growth. The growth pace was the most rapid in 2013 an increase of 192% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+17.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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