Spain: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Spain

In 2021, the Spanish aircraft launching gear market increased by 25% to $X, rising for the fifth year in a row after three years of decline. Over the period under review, consumption enjoyed a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Aircraft Launching Gear Production in Spain

In value terms, aircraft launching gear production amounted to $X in 2021 estimated in export price. Overall, production recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 51%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Aircraft Launching Gear Exports

Exports from Spain

In 2021, approx. X tons of aircraft launching gear, deck-arrestor or similar gear and parts thereof were exported from Spain; waning by -71.3% against the previous year. In general, exports, however, showed a noticeable increase. The pace of growth was the most pronounced in 2013 when exports increased by 795%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, aircraft launching gear exports skyrocketed to $X in 2021. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 2,554% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for aircraft launching gear exports from Spain, accounting for a 94% share of total exports. Moreover, aircraft launching gear exports to the UK exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +34.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.9% per year) and Kazakhstan (-77.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for aircraft launching gear, deck-arrestor or similar gear and parts thereof exports from Spain, comprising 86% of total exports. The second position in the ranking was held by France ($X), with a 5.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+35.9% per year) and Kazakhstan (-45.8% per year).

Export Prices by Country

In 2021, the average aircraft launching gear export price amounted to $X per ton, picking up by 1,014% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to the UK ($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 Kazakhstan (+136.8%), while the prices for the other major destinations experienced mixed trend patterns.

Aircraft Launching Gear Imports

Imports into Spain

Aircraft launching gear imports into Spain shrank rapidly to X tons in 2021, declining by -26.1% on the previous year. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 334% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then fell dramatically in the following year.

In value terms, aircraft launching gear imports dropped slightly to $X in 2021. In general, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2015 with an increase of 278%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Austria (X tons) constituted the largest aircraft launching gear supplier to Spain, accounting for a 63% share of total imports. Moreover, aircraft launching gear imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Austria stood at +75.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.7% per year) and France (-5.8% per year).

In value terms, Austria ($X), France ($X) and Germany ($X) appeared to be the largest aircraft launching gear suppliers to Spain, with a combined 78% share of total imports.

Among the main suppliers, Austria, with a CAGR of +254.9%, 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 average aircraft launching gear import price amounted to $X per ton, surging by 34% against the previous year. In general, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 307%. The import price peaked at $X per ton in 2015; however, from 2016 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 Italy ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+194.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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