Middle East: Aircraft Market 2024

Aircraft Market Size in the Middle East

The Middle Eastern aircraft market contracted slightly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption showed a modest increase. Over the period under review, the market reached the maximum level at $X in 2022, and then declined slightly in the following year.

Aircraft Production in the Middle East

In value terms, aircraft production shrank slightly to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Aircraft Exports

Exports in the Middle East

In 2023, the amount of airplanes and other aircraft exported in the Middle East fell dramatically to X units, which is down by X% on 2022 figures. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, aircraft exports fell rapidly to $X in 2023. In general, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Israel represented the largest exporting country with an export of about X units, which recorded X% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Turkey (X%) and Saudi Arabia (X%).

From 2012 to 2023, average annual rates of growth with regard to aircraft exports from Israel stood at X%. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Turkey (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Israel saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Israel ($X) remains the largest aircraft supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In Israel, aircraft exports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price showed tangible growth. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 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 Israel ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

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

Aircraft Imports

Imports in the Middle East

Aircraft imports skyrocketed to X units in 2023, rising by X% on the previous year's figure. Overall, imports recorded resilient growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, aircraft imports soared to $X in 2023. In general, imports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2020 when imports increased by X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X units) was the key importer of airplanes and other aircraft, committing X% of total imports. It was distantly followed by Turkey (X units), Israel (X units) and Iran (X units), together comprising a X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the airplanes and other aircraft imports, with a CAGR of X% from 2012 to 2023. At the same time, Iran (X%) and Turkey (X%) displayed positive paces of growth. By contrast, Israel (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Iran (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey and Israel saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported airplanes and other aircraft in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

In Turkey, aircraft imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Israel (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a deep reduction. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2021; however, from 2022 to 2023, import prices remained at a 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 Turkey ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform