Balloon And Dirigible Market

The article provides a comprehensive analysis of the global balloon and dirigible market, highlighting consumption trends, production figures, import and export data, and key market indicators. It includes forecasts for market growth in volume and value over the period from 2022 to 2030. Key insights are provided for leading consuming and producing countries, with detailed statistics on market size, per capita consumption, and trade dynamics. The analysis covers trends in prices, growth rates, and market share for major market players.

Market Forecast

Driven by rising demand for balloon and dirigible worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.2% for the period from 2022 to 2030, which is projected to bring the market value to $8.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Balloons, Dirigibles And Other Non-Powered Aircraft

In 2022, consumption of balloons, dirigibles and other non-powered aircraft decreased by -8.4% to 1.2M units, falling for the second consecutive year after three years of growth. In general, consumption recorded a noticeable decrease. As a result, consumption attained the peak volume of 3.3M units. From 2015 to 2022, the growth of the global consumption failed to regain momentum.

The global balloon and dirigible market size declined rapidly to $4.8B in 2022, falling by -20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a pronounced downturn. As a result, consumption reached the peak level of $8.6B. From 2015 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (127K units), China (104K units) and Thailand (59K units), together accounting for 24% of global consumption. Russia, Botswana, Brazil, Pakistan, Kenya, India, Brunei Darussalam, Greece, Ireland and Indonesia lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Brunei Darussalam (with a CAGR of +108.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($1.4B) led the market, alone. The second position in the ranking was taken by Brazil ($413M). It was followed by the United States.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to +1.9%. The remaining consuming countries recorded the following average annual rates of market growth: Brazil (-6.0% per year) and the United States (-0.2% per year).

In 2022, the highest levels of balloon and dirigible per capita consumption was registered in Brunei Darussalam (77 units per 1000 persons), followed by Botswana (21 units per 1000 persons), Ireland (5.9 units per 1000 persons) and Greece (3.2 units per 1000 persons), while the world average per capita consumption of balloon and dirigible was estimated at 0.2 units per 1000 persons.

In Brunei Darussalam, balloon and dirigible per capita consumption expanded at an average annual rate of +106.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Botswana (-28.9% per year) and Ireland (-11.5% per year).

Production

World Production of Balloons, Dirigibles And Other Non-Powered Aircraft

In 2022, the amount of balloons, dirigibles and other non-powered aircraft produced worldwide fell slightly to 718K units, dropping by -4.2% compared with 2021 figures. Overall, production recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, global production hit record highs at 1.6M units in 2014; however, from 2015 to 2022, production remained at a lower figure.

In value terms, balloon and dirigible production totaled $3.1B in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by 37% against the previous year. As a result, production attained the peak level of $9.7B. From 2015 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

China (212K units) constituted the country with the largest volume of balloon and dirigible production, accounting for 29% of total volume. Moreover, balloon and dirigible production in China exceeded the figures recorded by the second-largest producer, Thailand (59K units), fourfold. The third position in this ranking was held by India (46K units), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled -6.0%. In the other countries, the average annual rates were as follows: Thailand (-4.1% per year) and India (-5.3% per year).

Imports

World Imports of Balloons, Dirigibles And Other Non-Powered Aircraft

In 2022, global imports of balloons, dirigibles and other non-powered aircraft was estimated at 654K units, almost unchanged from the previous year. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 212% against the previous year. As a result, imports attained the peak of 1.9M units. From 2015 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, balloon and dirigible imports declined significantly to $54M in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of $84M, and then declined notably in the following year.

Imports By Country

In 2022, the United States (129K units), distantly followed by Botswana (52K units), Kenya (38K units), Brunei Darussalam (34K units), Greece (34K units) and Ireland (30K units) were the largest importers of balloons, dirigibles and other non-powered aircraft, together generating 48% of total imports. Finland (27K units), Australia (25K units), Russia (23K units), Tanzania (22K units), Brazil (19K units), the UK (17K units) and the Netherlands (15K units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to balloon and dirigible imports into the United States stood at +45.6%. At the same time, Tanzania (+119.0%), Brunei Darussalam (+108.6%), Greece (+72.4%), Kenya (+60.6%), Brazil (+36.5%), the UK (+6.3%) and the Netherlands (+1.1%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in the world, with a CAGR of +119.0% from 2012-2022. By contrast, Russia (-3.4%), Australia (-5.6%), Finland (-6.4%), Ireland (-10.5%) and Botswana (-27.3%) illustrated a downward trend over the same period. The United States (+19 p.p.), Botswana (+8 p.p.), Kenya (+5.7 p.p.), Brunei Darussalam (+5.2 p.p.), Greece (+5.2 p.p.), Tanzania (+3.3 p.p.) and Brazil (+2.8 p.p.) significantly strengthened its position in terms of the global imports, while Russia, Australia, Finland and Ireland saw its share reduced by -1.7%, -3.2%, -4.2% and -10.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($15M) constitutes the largest market for imported balloons, dirigibles and other non-powered aircraft worldwide, comprising 29% of global imports. The second position in the ranking was taken by the UK ($2.7M), with a 5% share of global imports. It was followed by Australia, with a 5% share.

In the United States, balloon and dirigible imports increased at an average annual rate of +1.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+1.4% per year) and Australia (-5.4% per year).

Import Prices By Country

The average balloon and dirigible import price stood at $82 per unit in 2022, dropping by -36.6% against the previous year. In general, the import price continues to indicate a mild decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 160% against the previous year. As a result, import price reached the peak level of $130 per unit, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($156 per unit), while Botswana ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+20.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Balloons, Dirigibles And Other Non-Powered Aircraft

In 2022, the amount of balloons, dirigibles and other non-powered aircraft exported worldwide surged to 179K units, jumping by 93% compared with the previous year's figure. Overall, exports posted a pronounced expansion. Over the period under review, the global exports reached the maximum at 248K units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, balloon and dirigible exports expanded significantly to $74M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $78M. From 2021 to 2022, the growth of the global exports remained at a lower figure.

Exports By Country

China represented the main exporting country with an export of about 108K units, which recorded 60% of total exports. Finland (19K units) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by India (6.4%). The following exporters - Turkey (7K units), Vietnam (5.8K units), the UK (5.3K units), Thailand (4.9K units), Australia (3.7K units) and South Africa (2.9K units) - together made up 17% of total exports.

Exports from China increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Turkey (+46.5%), South Africa (+23.6%), India (+18.8%), Vietnam (+15.3%) and the UK (+14.1%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +46.5% from 2012-2022. Finland experienced a relatively flat trend pattern. By contrast, Australia (-1.8%) and Thailand (-15.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India, Turkey, Vietnam and the UK increased by +11, +4.8, +3.8, +2.2 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($6.2M), South Africa ($3.7M) and Vietnam ($3.4M) appeared to be the countries with the highest levels of exports in 2022, with a combined 18% share of global exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average balloon and dirigible export price amounted to $414 per unit, dropping by -41.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 71% against the previous year. The global export price peaked at $734 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($1,261 per unit), while China ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+17.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform