Asia: 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 Asia

The Asian aircraft internal combustion engine market skyrocketed to $X in 2022, picking up by 15% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained 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 Asia

In value terms, aircraft internal combustion engine production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by 510% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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

Exports in Asia

In 2022, the amount of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exported in Asia skyrocketed to X units, jumping by 48% on the previous year. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 80% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, aircraft internal combustion engine exports totaled $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 89%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, reaching X units, which was near 82% of total exports in 2022. It was distantly followed by India (X units), creating an 8% share of total exports. Hong Kong SAR (X units) and Singapore (X units) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +17.9% from 2012 to 2022. At the same time, India (+22.2%) and Hong Kong SAR (+19.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.2% from 2012-2022. By contrast, Singapore (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, India and Hong Kong SAR increased by +47, +5.7 and +1.7 percentage points, respectively.

In value terms, Thailand ($X), Singapore ($X) and India ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 80% share of total exports.

Thailand, with a CAGR of +15.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, which is down by -31.6% against the previous year. Over the period under review, the export price saw a deep reduction. The growth pace was the most rapid in 2019 when the export price increased by 114% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand ($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 (-1.9%), while the other leaders experienced a decline in the export price figures.

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

Imports in Asia

After two years of decline, supplies from abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 72% to X units in 2022. In general, imports recorded a remarkable increase. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports totaled $X in 2022. Over the period under review, imports posted slight growth. The growth pace was the most rapid in 2017 when imports increased by 62% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X units, which was near 77% of total imports in 2022. The Philippines (X units) held the second position in the ranking, followed by Jordan (X units). All these countries together took approx. 11% share of total imports. The following importers - Singapore (X units), China (X units) and Israel (X units) - each recorded a 5.8% share of total imports.

The United Arab Emirates 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 +46.7% from 2012 to 2022. At the same time, the Philippines (+33.6%), Singapore (+12.8%), China (+9.8%) and Israel (+8.3%) displayed positive paces of growth. By contrast, Jordan (-4.0%) illustrated a downward trend over the same period. The United Arab Emirates (+69 p.p.) and the Philippines (+4.5 p.p.) significantly strengthened its position in terms of the total imports, while Israel and Jordan saw its share reduced by -1.6% and -27.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in Asia, comprising 22% of total imports. The second position in the ranking was taken by the Philippines ($X), with an 11% share of total imports. It was followed by Jordan, with a 5.2% share.

In Singapore, aircraft internal combustion engine imports increased at an average annual rate of +1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (+16.9% per year) and Jordan (+0.7% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, shrinking by -33.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 20%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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