ECOWAS: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in ECOWAS

In 2022, after two years of decline, there was significant growth in the ECOWAS aircraft launching gear market, when its value increased by X% to $X. Over the period under review, consumption posted a pronounced expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Aircraft Launching Gear Production in ECOWAS

In value terms, aircraft launching gear production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Aircraft Launching Gear Exports

Exports in ECOWAS

In 2022, exports of aircraft launching gear, deck-arrestor or similar gear and parts thereof in ECOWAS skyrocketed to X kg, jumping by X% against the year before. In general, exports, however, continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aircraft launching gear exports surged to $X in 2022. Overall, exports, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Ghana (X kg), together finishing at X% of total export.

Ghana was also the fastest-growing in terms of the aircraft launching gear, deck-arrestor or similar gear and parts thereof exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Ghana increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest aircraft launching gear supplier in ECOWAS.

In Ghana, aircraft launching gear exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to X% per year.

Aircraft Launching Gear Imports

Imports in ECOWAS

In 2022, approx. X tons of aircraft launching gear, deck-arrestor or similar gear and parts thereof were imported in ECOWAS; increasing by X% compared with the previous year. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, aircraft launching gear imports soared to $X in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Cote d'Ivoire represented the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Nigeria (X tons), making up a X% share of total imports. The following importers - Burkina Faso (X tons) and Ghana (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported aircraft launching gear, deck-arrestor or similar gear and parts thereof in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. In general, the import price showed a perceptible decrease. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 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 Ghana ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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