Key Market Indicators
South Africa's aerospace export market is projected to reach nearly $469 million by 2028, up from approximately $457 million in 2023. This reflects an average annual growth rate of 0.4%. Since 1997, the country's aerospace supply has seen a year-on-year increase of 4.7%. In the global rankings for 2023, South Africa placed 21st, with New Zealand slightly ahead at the same value of $457 million. Leading the pack were France, Germany, and Singapore, occupying the second, third, and fourth positions respectively. On the import side, South Africa’s aerospace market is expected to grow to about $1.31 billion by 2028, from $1.19 billion in 2023. This marks an annual compound growth rate of 1.6%. Since 1997, the demand for aerospace imports in South Africa has climbed by 6.3% each year. In 2023, South Africa was ranked 15th in the world, with Luxembourg slightly ahead at $1.19 billion. Singapore, Ireland, and Canada followed closely in the second, third, and fourth spots respectively.
