Balloon And Dirigible Market Overview in the European Union
In value terms, balloon and dirigible production totaled $24M in 2010 estimated in export prices. In general, balloon and dirigible production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of 7.4% year-to-year. Over the period under review, balloon and dirigible production attained its maximum level at $46M in 2007; however, from 2008 to 2010, production stood at a somewhat lower figure.
The UK (605 units) remains the largest balloon and dirigible producing country in the European Union, comprising approx. 32% of total production. Moreover, balloon and dirigible production in the UK exceeded the figures recorded by the region's second-largest producer, Spain (169 units), fourfold. The third position in this ranking was occupied by France (157 units), with a 8.2% share.
In the UK, balloon and dirigible production contracted by an average annual rate of -28.6% over the period from 2007-2010. In the other countries, the average annual rates were as follows: Spain (+49.8% per year) and France (0.0% per year).