Key Market Indicators
Singapore's aircraft parts export is expected to reach around $7.75 billion by 2026, growing at an average rate of 2.2% year on year from $6.71 billion in 2021. This marks a 1.5% yearly increase since 1994. In 2021, Singapore was the third largest exporter of aircraft parts, behind Germany with $6.71 billion and France with $5.25 billion. Similarly, aircraft parts import in Singapore is set to reach $8.49 billion by 2026, growing at a CAGR of 2.6% year on year from $7.17 billion in 2021. Demand for aircraft parts has grown at a 7.3% rate per year since 1994. In 2021, Germany was the largest importer of aircraft parts at $7.17 billion, followed by France at $5.78 billion, and Singapore at $4.45 billion.
