U.S.: Parachute Market 2025

Parachute Market Size in the U.S.

The U.S. parachute market surged to $X in 2021, jumping by 25% against the previous year. The market value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Parachute Production in the U.S.

In value terms, parachute production expanded notably to $X in 2021. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 43% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Parachute Exports

Exports from the U.S.

In 2021, overseas shipments of parachutes and rotochutes were finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 83%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, parachute exports surged to $X in 2021. Over the period under review, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -32.4% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 78% 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

Australia (X tons) was the main destination for parachute exports from the United States, accounting for a 22% share of total exports. Moreover, parachute exports to Australia exceeded the volume sent to the second major destination, Spain (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+27.4% per year) and Germany (-11.6% per year).

In value terms, the largest markets for parachute exported from the United States were Germany ($X), Norway ($X) and Canada ($X), together comprising 33% of total exports. These countries were followed by Australia, Japan, France, the UK, Israel, Mexico, Spain, Colombia, Luxembourg and Sri Lanka, which together accounted for a further 35%.

Israel, with a CAGR of +30.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average parachute export price amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute export price increased by +19.4% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 23%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to Sri Lanka ($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 France (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Imports

Imports into the U.S.

Parachute imports into the United States soared to X tons in 2021, picking up by 24% compared with 2020. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, parachute imports surged to $X in 2021. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 27%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of parachute to the United States, accounting for a 27% share of total imports. Moreover, parachute imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+22.9% per year) and China (-10.2% per year).

In value terms, Canada ($X) constituted the largest supplier of parachutes and rotochutes to the United States, comprising 31% of total imports. The second position in the ranking was taken by Mexico ($X), with a 12% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+27.9% per year) and the UK (+7.7% per year).

Import Prices by Country

The average parachute import price stood at $X per ton in 2021, picking up by 2.1% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute import price increased by +29.9% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 30%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for China ($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 (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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