Southern Asia: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Southern Asia

The South Asian aircraft launching gear market skyrocketed to $X in 2021, with an increase of 30% against the previous year. Over the period under review, consumption, however, saw a slight setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Aircraft Launching Gear Production in Southern Asia

In value terms, aircraft launching gear production contracted to $X in 2021 estimated in export price. In general, production, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

Aircraft Launching Gear Exports

Exports in Southern Asia

In 2021, shipments abroad of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by -20.8% to X tons, falling for the third consecutive year after two years of growth. In general, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2018 when exports increased by 1,325%. 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 reduced remarkably to $X in 2021. Overall, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2018 with an increase of 1,443%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, finishing at X tons, which was approx. 98% of total exports in 2021. Pakistan (X kg) followed a long way behind the leaders.

Exports from India decreased at an average annual rate of -21.4% from 2012 to 2021. Pakistan (-14.9%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest aircraft launching gear supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by Pakistan ($X), with a 2.3% share of total exports.

In India, aircraft launching gear exports plunged by an average annual rate of -24.3% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with a decrease of -3.6% against the previous year. Over the period under review, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2016 an increase of 59%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.7%).

Aircraft Launching Gear Imports

Imports in Southern Asia

In 2021, overseas purchases of aircraft launching gear, deck-arrestor or similar gear and parts thereof increased by 37% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 41%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aircraft launching gear imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 142%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the main importer of aircraft launching gear, deck-arrestor or similar gear and parts thereof, making up 60% of total imports. Afghanistan (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons) and Nepal (X tons). All these countries together took approx. 39% share of total imports.

Imports into India decreased at an average annual rate of -8.1% from 2012 to 2021. At the same time, Nepal (+34.4%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +34.4% from 2012-2021. By contrast, Afghanistan (-2.0%) and Pakistan (-6.6%) illustrated a downward trend over the same period. While the share of Afghanistan (+7.1 p.p.) and Nepal (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-10.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported aircraft launching gear, deck-arrestor or similar gear and parts thereof in Southern Asia, comprising 72% of total imports. The second position in the ranking was held by Afghanistan ($X), with a 12% share of total imports. It was followed by Nepal, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to -12.4%. In the other countries, the average annual rates were as follows: Afghanistan (-10.1% per year) and Nepal (+37.1% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, surging by 36% against the previous year. In general, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 72% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nepal ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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