Bangladesh: 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 Bangladesh

The Bangladeshi aircraft internal combustion engine market rose significantly to $X in 2022, surging by 9% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, aircraft internal combustion engine production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 52%. As a result, production reached the peak level of $X. From 2021 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 Bangladesh

In 2022, after two years of growth, there was significant decline in shipments abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, when their volume decreased by -33.3% to X units. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, aircraft internal combustion engine exports dropped slightly to $X in 2022. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 989% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units), the United States (X units) and Germany (X units) were the main destinations of aircraft internal combustion engine exports from Bangladesh, together comprising 75% 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 Indonesia (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Bangladesh, comprising 64% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 22% share of total exports. It was followed by the United States, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to -13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+40.3% per year) and the United States (+7.0% per year).

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, growing by 46% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 989%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Germany ($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 Germany (+52.9%), 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 Bangladesh

In 2022, purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 21% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 250%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aircraft internal combustion engine imports contracted to $X in 2022. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 2,122%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Canada (X units) and Australia (X units) were the main suppliers of aircraft internal combustion engine imports to Bangladesh, together comprising 29% of total imports. Germany, China, the Czech Republic, Hong Kong SAR, the United Arab Emirates, Indonesia, Spain, India, Italy and Singapore lagged somewhat behind, together comprising a further 59%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Singapore ($X) and Australia ($X) appeared to be the largest aircraft internal combustion engine suppliers to Bangladesh, with a combined 68% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +3.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, declining by -25.9% against the previous year. In general, the import price, however, posted noticeable growth. The pace of growth was the most pronounced in 2018 an increase of 535% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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