Balloon And Dirigible Market Overview in France
Market Overview
In 2019, the French balloon and dirigible market decreased by -
% to $, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.
In value terms, balloon and dirigible production contracted to $ in 2019 estimated in export prices. Overall, the total production indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2011 to 2019, production growth remained at a lower figure.
% to $, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. From 2017 to 2019, the growth of the market failed to regain the momentum.In value terms, balloon and dirigible production contracted to $
in 2019 estimated in export prices. Overall, the total production indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2016 indices. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. As a result, production reached the peak level of $. From 2011 to 2019, production growth remained at a lower figure.Consumption
In 2019, approx. units of balloons and dirigibles; gliders, hang gliders and other non-powered aircraft were consumed in France; therefore, remained relatively stable against 2018. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the peak volume at units in 2009; however, from 2010 to 2019, consumption remained at a lower figure.
The value of the balloon and dirigible market in France contracted to $ in 2019, dropping by -% 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market remained at a lower figure.
units of balloons and dirigibles; gliders, hang gliders and other non-powered aircraft were consumed in France; therefore, remained relatively stable against 2018. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the consumption volume increased by % against the previous year. Over the period under review, consumption attained the peak volume at units in 2009; however, from 2010 to 2019, consumption remained at a lower figure.The value of the balloon and dirigible market in France contracted to $
in 2019, dropping by -% 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2017 to 2019, the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for balloon and dirigible in France, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
In 2019, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
% in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
France remains a net importer of balloon and dirigible; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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