Turkey: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Turkey

In 2021, the Turkish aircraft launching gear market increased by 508% to $X, rising for the second consecutive year after three years of decline. In general, consumption showed a significant increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Aircraft Launching Gear Production in Turkey

In value terms, aircraft launching gear production expanded slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 13% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Aircraft Launching Gear Exports

Exports from Turkey

Aircraft launching gear exports from Turkey shrank markedly to X tons in 2021, waning by -95.6% compared with the previous year. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 67,890%. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, aircraft launching gear exports reduced notably to $X in 2021. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 63,006% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for aircraft launching gear exports from Turkey, with a 94% share of total exports. It was followed by the UK (X kg), with a 0.8% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to the United States amounted to +55.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-24.7% per year) and France (-42.1% per year).

In value terms, the United States ($X) emerged as the key foreign market for aircraft launching gear, deck-arrestor or similar gear and parts thereof exports from Turkey, comprising 91% of total exports. The second position in the ranking was held by the UK ($X), with a 2.1% share of total exports.

From 2013 to 2021, the average annual growth rate of value to the United States totaled +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-18.0% per year) and France (-47.4% per year).

Export Prices by Country

In 2021, the average aircraft launching gear export price amounted to $X per ton, jumping by 78% against the previous year. In general, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 447%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

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 the UK ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.7%), while the prices for the other major destinations experienced a decline.

Aircraft Launching Gear Imports

Imports into Turkey

In 2021, the amount of aircraft launching gear, deck-arrestor or similar gear and parts thereof imported into Turkey surged to X tons, growing by 199% compared with the year before. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 142,916% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, aircraft launching gear imports skyrocketed to $X in 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 54,146% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of aircraft launching gear to Turkey, accounting for a 99% share of total imports. It was followed by Finland (X kg), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +171.7%.

In value terms, the United States ($X) constituted the largest supplier of aircraft launching gear, deck-arrestor or similar gear and parts thereof to Turkey, comprising 99% of total imports. The second position in the ranking was taken by Finland ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +139.3%.

Import Prices by Country

The average aircraft launching gear import price stood at $X per ton in 2021, dropping by -3% against the previous year. In general, the import price, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 1,807%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+191.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :