United Kingdom: Spacecraft Market 2024

Spacecraft Market Size in the UK

After three years of decline, the UK spacecraft market increased by X% to $X in 2022. Over the period under review, consumption enjoyed a buoyant increase. Spacecraft consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Spacecraft Production in the UK

In value terms, spacecraft production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Spacecraft Exports

Exports from the UK

In 2022, shipments abroad of civil spacecraft, satellites and launch vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft exports surged to $X in 2022. Overall, exports posted a significant increase. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark (X units), Australia (X units) and Ethiopia (X units) were the main destinations of spacecraft exports from the UK, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for civil spacecraft, satellites and launch vehicles exports from the UK, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average spacecraft export price amounted to $X,628 per unit, growing by X% against the previous year. Overall, the export price recorded significant growth. The export price peaked at $X,281 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X,820 per unit), while the average price for exports to El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Spacecraft Imports

Imports into the UK

In 2022, overseas purchases of civil spacecraft, satellites and launch vehicles were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft imports skyrocketed to $X in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest spacecraft supplier to the UK, accounting for a X% share of total imports. Moreover, spacecraft imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X units), eightfold. Australia (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of civil spacecraft, satellites and launch vehicles to the UK, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average spacecraft import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price showed a significant expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X,442 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform