Asian Sky Quarterly 2023 Q4
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MARKET DYNAMICS: HELICOPTERS<br />
PRE-OWNED HELICOPTERS MARKET <strong>Q4</strong> <strong>2023</strong> 1<br />
GLOBAL INVENTORY VALUE (MILLION USD) 2,3<br />
Heavy Medium Twin Light Twin Single<br />
1,600<br />
1,400<br />
1,200<br />
1,000<br />
800<br />
600<br />
400<br />
200<br />
0<br />
<strong>Q4</strong> 2020 Q1 2021 Q2 2021 Q3 2021 <strong>Q4</strong> 2021 Q1 2022 Q2 2022 Q3 2022 <strong>Q4</strong> 2022 Q1 <strong>2023</strong> Q2 <strong>2023</strong> Q3 <strong>2023</strong> <strong>Q4</strong> <strong>2023</strong><br />
Heavy Medium Twin Light Twin Single<br />
250<br />
200<br />
150<br />
100<br />
50<br />
APAC INVENTORY VALUE (MILLION USD) 2,3<br />
0<br />
Q3 2021 <strong>Q4</strong> 2021 Q1 2022 Q2 2022<br />
<strong>Q4</strong> 2020 Q1 2021 Q2 2021 Q3 2022 <strong>Q4</strong> 2022 Q1 <strong>2023</strong> Q2 <strong>2023</strong> Q3 <strong>2023</strong> <strong>Q4</strong> <strong>2023</strong><br />
The global helicopter inventory value gradually reduced after a sharp<br />
rise in October <strong>2023</strong> and reached USD 1,006 million at the end of <strong>Q4</strong><br />
<strong>2023</strong>. Compared to the end of Q3 <strong>2023</strong> and <strong>Q4</strong> 2022, it increased by<br />
USD 64 million and USD 80 million respectively, corresponding to<br />
growth rates of 6.8% and 8.6%. In <strong>2023</strong>, the average annual inventory<br />
value amounted to USD 987 million, with two peak values recorded at<br />
the end of April (USD 1,074 million) and October (USD 1,068 million). In<br />
addition, by the end of the year <strong>2023</strong>, the Leonardo AW139 stood out<br />
as the model with the highest inventory value (USD 144 million), while<br />
the Airbus EC155B accounted for the lowest inventory value (USD 3).<br />
Although the Medium Twin and Single turbine categories accounted<br />
for the highest inventory value at USD 300 million and USD 395 million<br />
respectively at the end of <strong>Q4</strong>, the Light Twin category witnessed the<br />
greatest growth during this quarter. At the end of October <strong>2023</strong>, the<br />
Light Twin and Medium Twin categories recorded the highest growth<br />
1. Super Medium Helicopters were not included in Market Dynamics due to insufficient available data.<br />
2. <strong>Asian</strong> <strong>Sky</strong> Group's Helicopter Inventory Value by size category is calculated by taking the total number of aircraft for sale from a selection of 29 models, multiplied by their average asking price.<br />
3. Historical inventory value and transactions are subject to change based on latest market information updates.<br />
61 | ASIAN SKY QUARTERLY - FOURTH QUARTER <strong>2023</strong>
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