Aircraft Market - After a Period of Weak Recovery, U.S. Aircraft Imports Boosted Up in the Recent Years

Air And Spacecraft And Related Machinery June 06, 2016
Author: Inna Ivonina
Account Manager

aircraft market

The U.S. takes third place in imports on the aircraft market with a 12% share (based on USD), following China (18%) and Germany (14%). In 2015, U.S. aircraft imports totaled 18,322 million USD, which was 1,523 million USD (+9%) more than the year before.

A significant drop by -25% in 2009 continued in 2010, when imports fell by another -5%. The recovery started only in 2011, and continued modestly in 2012, followed by a rapid boost in 2013-2015. Overall, there was an annual increase of +15.6% for the period from 2010 (market bottom) to 2015. In 2013, U.S. aircraft imports overcame the pre-recession level achieved in 2008.

The U.S. remains one of the most attractive destinations for overseas suppliers. Canada, France, Germany and Brazil were the main suppliers of aircrafts into the U.S., with a combined 95% share of total U.S. imports in 2015. Germany (+23.3% per year) was the fastest growing supplier from 2007 to 2015, and significantly strengthened its position in the U.S. import structure, from 6% in 2007 to 22% in 2015. By contrast, Canada (from 36% to 31%) and France (from 36% to 26%) saw theirs shares reduced.

From 2007 to 2015, the U.S. was a net importer of aircrafts. Moreover, imports grew faster than exports on average over the period under review.

Net US imports of aircrafts showed a positive trend over the period under review. In 2015, this industry ran a significant trade deficit of 14.6 billion USD, approximately 80% of gross imports.

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Source: U.S. Aircraft Market. Analysis And Forecast to 2020