China: Aircraft Launching Gear Market 2022

Aircraft Launching Gear Market Size in China

The Chinese aircraft launching gear market contracted sharply to $X in 2021, which is down by -29.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a deep downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Aircraft Launching Gear Exports

Exports from China

In 2021, overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by -18.9% to X kg for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of 558% against the previous year. The exports 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 rapidly to $X in 2021. Overall, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 347% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X kg) was the main destination for aircraft launching gear exports from China, with a 95% share of total exports. Moreover, aircraft launching gear exports to Turkey exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +35.4%.

In value terms, Turkey ($X) emerged as the key foreign market for aircraft launching gear exports from China, comprising 100% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +17.1%.

Export Prices by Country

The average aircraft launching gear export price stood at $X per ton in 2021, with a decrease of -4.8% against the previous year. Over the period under review, the export price showed a noticeable reduction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 87%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+20.1%), while the prices for the other major destinations experienced a decline.

Aircraft Launching Gear Imports

Imports into China

In 2021, aircraft launching gear imports into China shrank dramatically to X tons, waning by -28.5% compared with the year before. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 681% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft launching gear imports reduced remarkably to $X in 2021. In general, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 345%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Singapore (X tons) constituted the largest supplier of aircraft launching gear to China, accounting for a 89% share of total imports. Moreover, aircraft launching gear imports from Singapore exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Singapore totaled +19.7%.

In value terms, Singapore ($X) and the United Arab Emirates ($X) appeared to be the largest aircraft launching gear suppliers to China.

In terms of the main suppliers, Singapore, with a CAGR of +19.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average aircraft launching gear import price amounted to $X per ton, shrinking by -3% against the previous year. Over the period under review, the import price, however, posted a perceptible increase. The growth pace was the most rapid in 2017 an increase of 159%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Singapore amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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