Ecuador: 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 Ecuador

The Ecuadorian aircraft internal combustion engine market declined to $X in 2022, reducing by -12.3% against the previous year. In general, consumption, however, recorded temperate growth. As a result, consumption attained the peak level of $X. From 2015 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 Ecuador

In value terms, aircraft internal combustion engine production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 629,543,500%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports from Ecuador

In 2022, shipments abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft was finally on the rise to reach X units after two years of decline. In general, exports saw a strong increase. The growth pace was the most rapid in 2013 when exports increased by 825%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports soared to $X in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 6,163% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for aircraft internal combustion engine exports from Ecuador, accounting for a 88% share of total exports. Moreover, aircraft internal combustion engine exports to Germany exceeded the volume sent to the second major destination, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Canada (0.0% per year).

In value terms, Germany ($X) remains the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Ecuador, comprising 97% of total exports. The second position in the ranking was held by the United States ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +126.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.3% per year) and Canada (+23.9% per year).

Export Prices by Country

In 2022, the average aircraft internal combustion engine export price amounted to $X per unit, rising by 51% against the previous year. Over the period under review, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 1,038% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Canada ($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 (+73.0%), 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 Ecuador

In 2022, purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft was finally on the rise to reach X units after three years of decline. In general, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 59% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, aircraft internal combustion engine imports soared to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 106%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa (X units), the United States (X units) and Italy (X units) were the main suppliers of aircraft internal combustion engine imports to Ecuador, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft internal combustion engine suppliers to Ecuador were South Africa ($X), the United States ($X) and Italy ($X), together accounting for 88% of total imports. The Czech Republic, China, Spain, Panama and Canada lagged somewhat behind, together accounting for a further 12%.

China, with a CAGR of +94.4%, recorded the highest growth rate of the value of imports, in terms of 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, surging by 22% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 80% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Czech Republic ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+94.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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