ASEAN: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in ASEAN

The ASEAN balloon and dirigible market soared to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Balloon And Dirigible Production in ASEAN

In value terms, balloon and dirigible production expanded to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Balloon And Dirigible Exports

Exports in ASEAN

In 2023, overseas shipments of balloons, dirigibles and other non-powered aircraft decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, balloon and dirigible exports soared to $X in 2023. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Thailand (X units) and Vietnam (X units) prevails in exports structure, together generating X% of total exports. It was distantly followed by Singapore (X units) and Malaysia (X units), together committing a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the largest balloon and dirigible supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Singapore, balloon and dirigible exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, increasing by X% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Balloon And Dirigible Imports

Imports in ASEAN

In 2023, approx. X units of balloons, dirigibles and other non-powered aircraft were imported in ASEAN; jumping by X% on the year before. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, balloon and dirigible imports soared to $X in 2023. Overall, imports recorded a temperate increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The Philippines represented the major importer of balloons, dirigibles and other non-powered aircraft in ASEAN, with the volume of imports finishing at X units, which was approx. X% of total imports in 2023. It was distantly followed by Thailand (X units), Brunei Darussalam (X units) and Singapore (X units), together creating a X% share of total imports. The following importers - Malaysia (X units) and Vietnam (X units) - together made up X% of total imports.

The Philippines was also the fastest-growing in terms of the balloons, dirigibles and other non-powered aircraft imports, with a CAGR of X% from 2012 to 2023. At the same time, Brunei Darussalam (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines, Brunei Darussalam and Malaysia increased by X, X and X percentage points, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported balloons, dirigibles and other non-powered aircraft in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In Singapore, balloon and dirigible imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform