Dominican Republic: Market for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft 2025

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

In 2022, the Dominican aircraft internal combustion engine market decreased by -49.6% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in the Dominican Republic

In value terms, aircraft internal combustion engine production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 5.8% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

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

Exports from the Dominican Republic

In 2022, shipments abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft decreased by -66.7% to X units, falling for the fourth consecutive year after three years of growth. In general, exports showed a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of 417% against the previous year. The exports 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 declined markedly to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 812% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for aircraft internal combustion engine exports from the Dominican Republic, with a 75% share of total exports. Moreover, aircraft internal combustion engine exports to the United States exceeded the volume sent to the second major destination, Canada (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +11.6%.

In value terms, Canada ($X) and the United States ($X) constituted the largest markets for aircraft internal combustion engine exported from the Dominican Republic worldwide.

In terms of the main countries of destination, the United States, with a CAGR of +43.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, which is down by -57.9% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 480%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external 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 the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+28.8%).

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

Imports into the Dominican Republic

Aircraft internal combustion engine imports into the Dominican Republic dropped significantly to X units in 2022, waning by -72.2% on the previous year's figure. Overall, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 610%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports dropped dramatically to $X in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,676% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) was the main supplier of aircraft internal combustion engine to the Dominican Republic, with a 96% share of total imports. Moreover, aircraft internal combustion engine imports from the United States exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +38.5%.

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to the Dominican Republic, comprising 99% of total imports. The second position in the ranking was held by France ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +101.4%.

Import Prices by Country

In 2022, the average aircraft internal combustion engine import price amounted to $X per unit, growing by 10% against the previous year. Over the period under review, the import price showed a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 209% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 the United States ($X per unit), while the price for France amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+58.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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