Vietnam Aircraft AfterMarket Shipment Analysis Parts Market Shipment Analysis
vietnam Aircraft Aftermarket Parts Market registered a growth of 23.25% in value shipments in 2021 as compared to 2020 and a decrease of -5.89% CAGR in 2021 over a period of 2017. In Aircraft Aftermarket Parts Market vietnam is becoming less competitive as HHI index in 2021 was 4052 while in 2017 it was 2883. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
vietnam has reportedly relied more on domestic production to meet its growing demand in Aircraft Aftermarket Parts Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Aircraft Aftermarket Parts Market in 2021 was 0.61 while in 2017 it was 0.95. USA, France, Japan, Germany and United Kingdom were among the top players of the market in 2021, where USA acquired the largest market share of 53.57% with a shipment value of 142.37 million USD in 2022 USA also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Aircraft Aftermarket Parts Market. In 2017 USA had the largest market share of 39.8% with the shipment value of 116.24 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As USA price is lower than the average price, it provided a significant edge among other competitor in 2017.
