ECOWAS: 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 ECOWAS

In 2022, the ECOWAS aircraft internal combustion engine market increased by 4.6% to $X, rising for the second year in a row after four years of decline. Overall, consumption saw a resilient expansion. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

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

In value terms, aircraft internal combustion engine production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2017 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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

Exports in ECOWAS

In 2022, shipments abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft decreased by -17.6% to X units, falling for the second consecutive year after four years of growth. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine exports surged to $X in 2022. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2018 with an increase of 232% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X units), Cote d'Ivoire (X units) and Senegal (X units) represented roughly 71% of total exports in 2022. Nigeria (X units) ranks next in terms of the total exports with an 11% share, followed by Benin (7.1%) and Mali (7.1%). Guinea (X units) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of +7.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Ghana ($X), Mali ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 50% of total exports. Senegal, Cote d'Ivoire, Benin and Guinea lagged somewhat behind, together accounting for a further 12%.

Benin, with a CAGR of +15.0%, saw the highest growth rate of the value of exports, among 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 ECOWAS stood at $X per unit in 2022, growing by 59% against the previous year. In general, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2021 an increase of 238% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+37.9%), while the other leaders experienced more modest paces of growth.

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

Imports in ECOWAS

In 2022, overseas purchases of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 19% to X units, rising for the second year in a row after two years of decline. Overall, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 104% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, aircraft internal combustion engine imports expanded modestly to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 132% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units) represented the major importer of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, mixing up 57% of total imports. Ghana (X units) took the second position in the ranking, distantly followed by Mali (X units). All these countries together held approx. 30% share of total imports. The following importers - Senegal (X units), Burkina Faso (X units), Cabo Verde (X units) and Cote d'Ivoire (X units) - together made up 11% of total imports.

Imports into Nigeria increased at an average annual rate of +6.8% from 2012 to 2022. At the same time, Mali (+30.2%), Burkina Faso (+7.2%), Ghana (+5.4%) and Senegal (+2.3%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +30.2% from 2012-2022. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Cabo Verde (-1.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Mali increased by +7.4 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in ECOWAS, comprising 65% of total imports. The second position in the ranking was held by Ghana ($X), with a 16% share of total imports. It was followed by Mali, with an 8.2% share.

In Nigeria, aircraft internal combustion engine imports expanded at an average annual rate of +11.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+5.9% per year) and Mali (+16.1% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, falling by -14.5% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 49%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+84.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform