Italy: Aircraft Market 2024

Aircraft Market Size in Italy

The Italian aircraft market rose to $X in 2023, growing by X% against the previous year. Overall, consumption posted a prominent expansion. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Aircraft Production in Italy

In value terms, aircraft production soared to $X in 2023 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Aircraft production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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Aircraft Exports

Exports from Italy

For the third consecutive year, Italy recorded growth in overseas shipments of airplanes and other aircraft, which increased by X% to X units in 2023. Overall, total exports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, aircraft exports contracted modestly to $X in 2023. In general, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

The United States (X units) was the main destination for aircraft exports from Italy, with a X% share of total exports. Moreover, aircraft exports to the United States exceeded the volume sent to the second major destination, Argentina (X units), fourfold. The third position in this ranking was held by Paraguay (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Paraguay (X% per year).

In value terms, the United States ($X) remains the key foreign market for airplanes and other aircraft exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

Export Prices by Country

The average aircraft export price stood at $X per unit in 2023, waning by X% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, aircraft export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Imports

Imports into Italy

In 2023, purchases abroad of airplanes and other aircraft decreased by X% to X units, falling for the fourth year in a row after two years of growth. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X units. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, aircraft imports surged to $X in 2023. Overall, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Austria (X units) and Slovenia (X units) were the main suppliers of aircraft imports to Italy, with a combined X% share of total imports.

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

In value terms, Austria ($X), the United States ($X) and Slovenia ($X) appeared to be the largest aircraft suppliers to Italy, together comprising X% of total imports. Switzerland, Belgium, Croatia, Mexico and France lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, France, with a CAGR of X%, recorded the highest growth rate of 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 average aircraft import price stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price saw noticeable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform