Parachute Market

Parachute market: download new information provided by an Ai-driven market research tool. Statistics contain exports, trade, companies, imports, consumption, production, market prices, and market size. There is a split by country, including EU, Africa, Latin America, Russia, China, the Middle East, the U.K., and the U.S. Market trends and outlook to 2030 are also featured in the snapshots.


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Parachute - World's Largest Markets

RatingCountry
1India
2China
3United States
4Nigeria
5Pakistan

In value terms, India, China and the United States were the countries with the highest levels of market value in 2020, together accounting for 20% of the global market. These countries were followed by Nigeria, Pakistan, Brazil, Bangladesh, Russia, Mexico, Vietnam, Ethiopia, Turkey and Indonesia, which together accounted for a further 30%.

Among the main consuming countries, Vietnam recorded the highest rates of growth with regard to market size, over the period under review, while parachute market for the other global leaders experienced more modest paces of growth.

Parachute Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
China5340152701558922.3%
Italy779357772411040919.0%
Romania105961906621208716.8%
Canada148321129225121340-9.6%
France10063411862512469711.3%
Sri Lanka184141184664164805-5.4%
South Korea1594581546901771575.4%
Austria205360234617202724-0.6%
Vietnam2002701695862097282.3%
South Africa212001148197209857-0.5%
United Kingdom2557732044222877776.1%
Germany21597525460328904215.7%
United States30980733307137716910.3%
Average202560181940201110-0.4%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($377,169 per ton), while China ($55,892 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Switzerland2679453196563070147.0%
Germany18430821373422526610.6%
United States2004121948752118872.8%
Canada1632361783721937428.9%
Austria1767621825031904363.8%
South Korea13681011948018104615.0%
France176534145874159692-4.9%
Norway162516181789152114-3.3%
Spain182676171636139505-12.6%
Colombia162838164545138336-7.8%
Indonesia325178417285110331-41.8%
Italy13011313097273192-25.0%
Romania723956331964858-5.3%
Average1807041844011833710.7%

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($307,014 per ton), while Romania ($64,858 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced more modest paces of growth.

Parachute - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United States2831349.1%
France333127-9.7%
Germany1517175.6%
Switzerland12141616.3%
South Korea7.16.91230.3%

In value terms, the United States ($34M), France ($27M) and Germany ($17M) constituted the countries with the highest levels of imports in 2020, together comprising 33% of global imports. These countries were followed by Switzerland, South Korea, Austria, Spain, Canada, Norway, Colombia, Italy, Indonesia and Romania, which together accounted for a further 30%.

Among the main importing countries, Colombia (+132.2% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Parachute - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
United States1058668-19.6%
United Kingdom3031334.8%
Vietnam282727-2.3%
France6.2322291.2%
Austria109.41622.9%

In value terms, the United States ($68M) remains the largest parachute supplier worldwide, comprising 23% of global exports. The second position in the ranking was occupied by the UK ($33M), with a 11% share of global exports. It was followed by Vietnam, with a 9.3% share.

From 2018 to 2020, the average annual growth rate of value in the United States stood at -19.6%. In the other countries, the average annual rates were as follows: the UK (+4.8% per year) and Vietnam (-2.3% per year).

Parachute - Market Forecast

Driven by rising demand for parachute worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Parachute - Product Coverage

  • HS 8804 - Parachutes (including dirigible) and rotochutes; parts thereof and accessories thereto
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Middle East - Parachutes and Rotochutes - Market Analysis, Forecast, Size, Trends and Insights
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Africa - Parachutes and Rotochutes - Market Analysis, Forecast, Size, Trends and Insights
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Central Asia - Parachutes and Rotochutes - Market Analysis, Forecast, Size, Trends and Insights
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