CIS: Aircraft Market 2024

Aircraft Market Size in CIS

The CIS aircraft market soared to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, showed a perceptible curtailment. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Aircraft Production in CIS

In value terms, aircraft production plummeted to $X in 2023 estimated in export price. Overall, production, however, faced a abrupt setback. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Aircraft Exports

Exports in CIS

In 2023, the amount of airplanes and other aircraft exported in the CIS plummeted to X units, waning by X% compared with 2022. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, aircraft exports reached $X in 2023. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, reaching X units, which was approx. X% of total exports in 2023. The following exporters - Belarus (X units) and Kazakhstan (X units) - each reached a X% share of total exports.

Russia was also the fastest-growing in terms of the airplanes and other aircraft exports, with a CAGR of X% from 2012 to 2023. At the same time, Belarus (X%) displayed positive paces of growth. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Belarus (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest aircraft supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Russia amounted to X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced mixed trends in the export price figures.

Aircraft Imports

Imports in CIS

In 2023, supplies from abroad of airplanes and other aircraft was finally on the rise to reach X units after two years of decline. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft imports skyrocketed to $X in 2023. Overall, imports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the key importer of airplanes and other aircraft in the CIS, with the volume of imports reaching X units, which was near X% of total imports in 2023. Uzbekistan (X units) held the second position in the ranking, distantly followed by Kazakhstan (X units), Belarus (X units) and Kyrgyzstan (X units). All these countries together took near X% share of total imports. Armenia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Kazakhstan ($X) and Kyrgyzstan ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Kyrgyzstan, with a CAGR of X%, saw 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

In 2023, the import price in the CIS amounted to $X per unit, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform