Key Market Indicators
Czech aerospace exports are projected to climb to approximately $1.42 billion by 2028, up from $1.26 billion in 2023. This represents an average annual growth rate of 1.9%. Historically, the Czech aerospace supply has seen an average yearly increase of 3.7% since 1998. In 2023, the Czech Republic ranked 16th in global aerospace exports, narrowly overtaken by Austria at $1.26 billion. France, Germany, and Singapore occupied the second, third, and fourth positions, respectively. On the import side, Czech aerospace imports are expected to reach around $1.1 billion by 2028, rising from $960 million in 2023. This marks a compound annual growth rate (CAGR) of 2.2%. However, since 1998, Czech aerospace demand has declined by an average of 9.9% annually. In the import rankings for 2023, the Czech Republic stood at 19th, with Austria again surpassing it at $960 million. Singapore, Ireland, and Canada held the second, third, and fourth spots, respectively.
