Export of U.S. Aircraft Launching Gear Sees Mild Dip to $9.2M in May 2023
U.S. Aircraft Launching Gear Exports
In May 2023, approximately 78 tons of aircraft launching gear, deck-arrestor or similar gear and parts thereof were exported from the United States; growing by 9.7% on April 2023 figures. Overall, exports, however, saw a pronounced reduction. The growth pace was the most rapid in March 2023 when exports increased by 147% against the previous month.
In value terms, aircraft launching gear exports declined slightly to $9.2M (IndexBox estimates) in May 2023. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in March 2023 when exports increased by 119% month-to-month.
Exports by Country
Australia (35 tons) was the main destination for aircraft launching gear exports from the United States, accounting for a 45% share of total exports. Moreover, aircraft launching gear exports to Australia exceeded the volume sent to the second major destination, Egypt (8.9 tons), fourfold. The third position in this ranking was taken by Ireland (8.7 tons), with an 11% share.
From May 2022 to May 2023, the average monthly growth rate of volume to Australia stood at +24.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Egypt (+70.3% per month) and Ireland (+6.1% per month).
In value terms, Australia ($2.4M), France ($1.8M) and Malaysia ($1.4M) constituted the largest markets for aircraft launching gear exported from the United States worldwide, with a combined 61% share of total exports. These countries were followed by Denmark, Ireland, Egypt, South Africa, Japan and India, which together accounted for a further 21%.
South Africa, with a CAGR of +43.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In May 2023, the aircraft launching gear price amounted to $118K per ton (FOB, US), declining by -10.1% against the previous month. In general, the export price showed a noticeable curtailment. The pace of growth was the most pronounced in December 2022 an increase of 367% against the previous month. As a result, the export price reached the peak level of $482K per ton. From January 2023 to May 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($595K per ton), while the average price for exports to South Africa ($42,809 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.
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