Chile: 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 Chile

After three years of growth, the Chilean aircraft internal combustion engine market decreased by -8.7% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. Aircraft internal combustion engine consumption peaked at $X in 2021, and then shrank in the following year.

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

In value terms, aircraft internal combustion engine production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 6.5% against the previous year. Over the period under review, production reached the peak 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 from Chile

In 2022, after three years of decline, there was significant growth in overseas shipments of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, when their volume increased by 120% to X units. Overall, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 232%. Over the period under review, the exports reached the peak figure 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, however, recorded a deep downturn. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for aircraft internal combustion engine exports from Chile, with a 61% share of total exports. Moreover, aircraft internal combustion engine exports to Brazil exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Canada (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.3% per year) and Canada (-1.8% per year).

In value terms, Canada ($X) emerged as the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Chile, comprising 70% of total exports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total exports. It was followed by New Zealand, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+74.1% per year) and New Zealand (0.0% per year).

Export Prices by Country

In 2022, the average aircraft internal combustion engine export price amounted to $X per unit, increasing by 171% against the previous year. In general, the export price, however, continues to indicate a deep slump. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 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 Canada ($X per unit), while the average price for exports to Paraguay ($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 Brazil (+29.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Chile

Aircraft internal combustion engine imports into Chile declined remarkably to X units in 2022, with a decrease of -47.8% compared with 2021. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 265% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, aircraft internal combustion engine imports shrank remarkably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 253% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest aircraft internal combustion engine supplier to Chile, accounting for a 67% share of total imports. Moreover, aircraft internal combustion engine imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.2% per year) and Taiwan (Chinese) (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Chile, comprising 76% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by Spain, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.6% per year) and Spain (+0.4% per year).

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, picking up by 37% against the previous year. Over the period under review, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 105%. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+46.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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