Spain: Aircraft Market 2025

Aircraft Market Size in Spain

The Spanish aircraft market dropped slightly to $X in 2022, shrinking by -3% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Aircraft Production in Spain

In value terms, aircraft production contracted dramatically to $X in 2022 estimated in export price. Overall, production faced a precipitous contraction. Aircraft production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Aircraft Exports

Exports from Spain

In 2022, overseas shipments of airplanes and other aircraft increased by 43% to X units, rising for the second consecutive year after two years of decline. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,006%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft exports skyrocketed to $X in 2022. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 1,925% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Portugal (X units), Saudi Arabia (X units) and France (X units) were the main destinations of aircraft exports from Spain, together comprising 67% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +113.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for airplanes and other aircraft exports from Spain, comprising 29% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Saudi Arabia, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.5% per year) and Saudi Arabia (+24.6% per year).

Export Prices by Country

The average aircraft export price stood at $X per unit in 2022, increasing by 46% against the previous year. Overall, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 138%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+96.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Imports

Imports into Spain

In 2022, the amount of airplanes and other aircraft imported into Spain soared to X units, picking up by 173% against the previous year. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of 425%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, aircraft imports soared to $X in 2022. In general, imports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2015 with an increase of 287%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Canada (X units) and China (X units) were the main suppliers of aircraft imports to Spain, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +53.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Canada ($X) and Italy ($X) were the largest aircraft suppliers to Spain, together comprising 93% of total imports.

Canada, with a CAGR of +44.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aircraft import price amounted to $X per unit, picking up by 14% against the previous year. Overall, the import price, however, saw a deep slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 67%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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