Western Africa: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in Western Africa

The West African aircraft launching gear market surged to $X in 2021, jumping by 71% against the previous year. In general, consumption recorded a moderate increase. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Aircraft Launching Gear Production in Western Africa

In value terms, aircraft launching gear production dropped to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +54.5% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 30%. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Aircraft Launching Gear Exports

Exports in Western Africa

In 2021, aircraft launching gear exports in Western Africa skyrocketed to X kg, rising by 226% against 2020. In general, exports, however, continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2014 when exports increased by 588%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aircraft launching gear exports shrank sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2014 when exports increased by 76%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana dominates exports structure, finishing at X kg, which was near 91% of total exports in 2021. It was distantly followed by Nigeria (X kg), achieving a 9.3% share of total exports.

Ghana was also the fastest-growing in terms of the aircraft launching gear, deck-arrestor or similar gear and parts thereof exports, with a CAGR of +4.7% from 2012 to 2021. Nigeria (-21.4%) illustrated a downward trend over the same period. Ghana (+86 p.p.) and Nigeria (+3 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aircraft launching gear supplying countries in Western Africa were Nigeria ($X) and Ghana ($X).

Nigeria, with a CAGR of -21.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, dropping by -76.6% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 289% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-0.1%).

Aircraft Launching Gear Imports

Imports in Western Africa

Aircraft launching gear imports soared to X tons in 2021, picking up by 95% on the previous year. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 20,223% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, aircraft launching gear imports soared to $X in 2021. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 17,049% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the main importer of aircraft launching gear, deck-arrestor or similar gear and parts thereof in Western Africa, with the volume of imports reaching X tons, which was near 66% of total imports in 2021. It was distantly followed by Ghana (X tons), achieving a 23% share of total imports. The following importers - Mali (X kg) and Cote d'Ivoire (X kg) - together made up 7.1% of total imports.

From 2012 to 2021, average annual rates of growth with regard to aircraft launching gear imports into Nigeria stood at +28.9%. At the same time, Cote d'Ivoire (+77.3%), Ghana (+42.0%) and Mali (+13.0%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +77.3% from 2012-2021. From 2012 to 2021, the share of Nigeria, Ghana and Cote d'Ivoire increased by +48, +21 and +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2021, with a combined 89% share of total imports.

In terms of the main importing countries, Cote d'Ivoire, with a CAGR of +70.6%, saw the highest rates of growth with regard to 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 import price in Western Africa amounted to $X per ton, rising by 4.2% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2014 when the import price increased by 90%. Over the period under review, import prices hit record highs 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 destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+17.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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