Philippines: Aircraft Launching Gear Market 2024

Aircraft Launching Gear Market Size in the Philippines

After two years of growth, the Philippine aircraft launching gear market decreased by X% to $X in 2022. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Aircraft Launching Gear Production in the Philippines

In value terms, aircraft launching gear production totaled $X in 2022 estimated in export price. Overall, production showed a sharp reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Aircraft Launching Gear Exports

Exports from the Philippines

In 2016, overseas shipments of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by X% to X kg, falling for the third year in a row after two years of growth. In general, exports recorded a precipitous setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2016, the growth of the exports remained at a lower figure.

In value terms, aircraft launching gear exports shrank dramatically to $X in 2016. Over the period under review, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2016, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X kg) was the main destination for aircraft launching gear exports from the Philippines, with a X% share of total exports. Moreover, aircraft launching gear exports to Malaysia exceeded the volume sent to the second major destination, the United States (X kg), twofold. The third position in this ranking was taken by Singapore (X kg), with a X% share.

From 2012 to 2016, the average annual rate of growth in terms of volume to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Singapore (X% per year).

In value terms, Malaysia ($X), the United States ($X) and Singapore ($X) were the largest markets for aircraft launching gear exported from the Philippines worldwide, together comprising X% of total exports. Canada lagged somewhat behind, comprising a further X%.

Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average aircraft launching gear export price stood at $X per ton in 2016, increasing by X% against the previous year. Overall, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked in 2016 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2016, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Launching Gear Imports

Imports into the Philippines

After two years of growth, purchases abroad of aircraft launching gear, deck-arrestor or similar gear and parts thereof decreased by X% to X tons in 2022. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft launching gear imports shrank sharply to $X in 2022. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) constituted the largest aircraft launching gear supplier to the Philippines, with a X% share of total imports. Moreover, aircraft launching gear imports from Singapore exceeded the figures recorded by the second-largest supplier, the United States (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Singapore amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Malaysia (X% per year).

In value terms, the largest aircraft launching gear suppliers to the Philippines were Singapore ($X), the United States ($X) and Malaysia ($X), with a combined X% share of total imports.

Among the main suppliers, Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aircraft launching gear import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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