Asia: Helicopter Market 2024

Helicopter Market Size in Asia

In 2022, the Asian helicopter market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Helicopter Production in Asia

In value terms, helicopter production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Helicopter Exports

Exports in Asia

In 2022, the amount of civil helicopters exported in Asia declined dramatically to X units, which is down by X% on 2021 figures. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, helicopter exports surged to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus dominates exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X units), generating a X% share of total exports. Hong Kong SAR (X units), Yemen (X units), India (X units), the United Arab Emirates (X units), Bahrain (X units), Israel (X units), Thailand (X units), Malaysia (X units), the Philippines (X units) and Turkey (X units) followed a long way behind the leaders.

Cyprus was also the fastest-growing in terms of the civil helicopters exports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%), the Philippines (X%), Yemen (X%), Singapore (X%), the United Arab Emirates (X%), Turkey (X%) and Hong Kong SAR (X%) displayed positive paces of growth. By contrast, Thailand (X%), India (X%), Israel (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cyprus, Bahrain, Yemen and the Philippines increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest helicopter supplying countries in Asia were Turkey ($X), Singapore ($X) and Yemen ($X), with a combined X% share of total exports. Thailand, the United Arab Emirates, Hong Kong SAR, India, Malaysia, Bahrain, Israel, the Philippines and Cyprus lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X,851 per unit, with an increase of X% against the previous year. In general, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X,334 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X,412 per unit), while Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Helicopter Imports

Imports in Asia

Helicopter imports fell dramatically to X units in 2022, which is down by X% against 2021. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then dropped significantly in the following year.

In value terms, helicopter imports stood at $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) represented the major importer of civil helicopters in Asia, with the volume of imports accounting for X units, which was near X% of total imports in 2022. India (X units) ranks second in terms of the total imports with a X% share, followed by China (X%). South Korea (X units), the Philippines (X units), Japan (X units), Thailand (X units), Kyrgyzstan (X units), Iraq (X units), Singapore (X units), Jordan (X units), Indonesia (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

Taiwan (Chinese) was also the fastest-growing in terms of the civil helicopters imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Iraq (X%), Kyrgyzstan (X%), India (X%), South Korea (X%), Jordan (X%) and Thailand (X%) displayed positive paces of growth. By contrast, China (X%), Japan (X%), Singapore (X%), Indonesia (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese), India, the Philippines, South Korea, Iraq and Kyrgyzstan increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest helicopter importing markets in Asia were China ($X), the Philippines ($X) and India ($X), with a combined X% share of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, recorded 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

The import price in Asia stood at $X,570 per unit in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable setback. Over the period under review, import prices reached the peak figure at $X,528 per unit in 2016; however, from 2017 to 2022, 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 the Philippines ($X,220 per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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