Asia-Pacific: Aircraft Market 2024

Aircraft Market Size in Asia-Pacific

In 2023, the Asia-Pacific aircraft market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Aircraft Production in Asia-Pacific

In value terms, aircraft production contracted slightly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Aircraft Exports

Exports in Asia-Pacific

Aircraft exports surged to X units in 2023, with an increase of X% on the year before. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, aircraft exports skyrocketed to $X in 2023. Over the period under review, exports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Thailand (X units) represented the key exporter of airplanes and other aircraft, committing X% of total exports. China (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%). The following exporters - Australia (X units) and South Korea (X units) - each amounted to a X% share of total exports.

Thailand was also the fastest-growing in terms of the airplanes and other aircraft exports, with a CAGR of X% from 2012 to 2023. At the same time, Singapore (X%), South Korea (X%), China (X%) and Australia (X%) displayed positive paces of growth. While the share of Thailand (X p.p.) and Singapore (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of China (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), China ($X) and South Korea ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Among the main exporting countries, South Korea, with a CAGR of X%, recorded 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 2023, the export price in Asia-Pacific amounted to $X per unit, dropping by X% against the previous year. In general, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2022 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Aircraft Imports

Imports in Asia-Pacific

In 2023, overseas purchases of airplanes and other aircraft decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, aircraft imports dropped sharply to $X in 2023. Overall, imports, however, showed measured growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Australia (X units), distantly followed by the Philippines (X units), Singapore (X units), India (X units), Thailand (X units) and South Korea (X units) were the major importers of airplanes and other aircraft, together achieving X% of total imports. Bangladesh (X units) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Bangladesh ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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-Pacific stood at $X per unit in 2023, rising by X% against the previous year. In general, the import price, however, saw a deep slump. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform