ASEAN: Market for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft 2024

Market Size for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in ASEAN

The ASEAN aircraft internal combustion engine market skyrocketed to $X in 2022, picking up by 30% against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +99.7% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in ASEAN

In value terms, aircraft internal combustion engine production amounted to $X in 2022 estimated in export price. In general, production, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 0.9%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft

Exports in ASEAN

In 2022, exports of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in ASEAN surged to X units, with an increase of 278% against the year before. Overall, exports showed strong growth. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports soared to $X in 2022. In general, exports saw a slight expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 188% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand prevails in exports structure, amounting to X units, which was approx. 96% of total exports in 2022. Singapore (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports, with a CAGR of +17.9% from 2012 to 2022. Singapore (-1.5%) illustrated a downward trend over the same period. While the share of Thailand (+11 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (-9.3 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022.

Thailand, with a CAGR of +15.7%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, falling by -58.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the export price increased by 160% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-1.9%).

Imports of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft

Imports in ASEAN

In 2022, overseas purchases of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were finally on the rise to reach X units after two years of decline. Overall, imports continue to indicate a notable increase. The pace of growth was the most pronounced in 2013 when imports increased by 75%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, aircraft internal combustion engine imports soared to $X in 2022. Over the period under review, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 89% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines was the largest importing country with an import of around X units, which resulted at 52% of total imports. Singapore (X units) ranks second in terms of the total imports with a 20% share, followed by Thailand (12%) and Indonesia (12%).

The Philippines was also the fastest-growing in terms of the spark-ignition reciprocating or rotary internal combustion piston engines for aircraft imports, with a CAGR of +33.6% from 2012 to 2022. At the same time, Singapore (+12.8%) displayed positive paces of growth. By contrast, Indonesia (-2.1%) and Thailand (-7.3%) illustrated a downward trend over the same period. The Philippines (+48 p.p.) and Singapore (+12 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Thailand saw its share reduced by -7.7% and -22.8% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in ASEAN, comprising 53% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 26% share of total imports. It was followed by Thailand, with a 15% share.

In Singapore, aircraft internal combustion engine imports expanded at an average annual rate of +1.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+16.9% per year) and Thailand (+1.5% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, rising by 11% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 53%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform