Australia: 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 Australia

In 2022, the Australian aircraft internal combustion engine market increased by 1.3% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, aircraft internal combustion engine production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 21% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Australia

Aircraft internal combustion engine exports from Australia reduced to X units in 2022, shrinking by -8.2% compared with the year before. Overall, exports saw a perceptible decrease. The growth pace was the most rapid in 2020 with an increase of 193%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft internal combustion engine exports amounted to $X in 2022. In general, exports, however, saw moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 135% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), China (X units) and New Zealand (X units) were the main destinations of aircraft internal combustion engine exports from Australia, together accounting for 76% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +46.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Australia, comprising 62% of total exports. The second position in the ranking was taken by China ($X), with a 9.3% share of total exports. It was followed by Malaysia, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+54.5% per year) and Malaysia (+39.0% per year).

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, picking up by 12% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 147% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

For the third year in a row, Australia recorded growth in purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, which increased by 26% to X units in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 68%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, aircraft internal combustion engine imports rose modestly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 150%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), the United States (X units) and Austria (X units) were the main suppliers of aircraft internal combustion engine imports to Australia, with a combined 72% share of total imports. South Africa, Poland, Canada and France lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft internal combustion engine suppliers to Australia were the UK ($X), the United States ($X) and Canada ($X), with a combined 74% share of total imports. France, Austria, Poland and South Africa lagged somewhat behind, together comprising a further 9.9%.

Poland, with a CAGR of +86.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aircraft internal combustion engine import price amounted to $X per unit, shrinking by -17.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 70% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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