France: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in France

After three years of decline, the French civil reaction engine market increased by 3,410% to $X in 2021. Over the period under review, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Civil Reaction Engine Production in France

In value terms, civil reaction engine production stood at $X in 2021 estimated in export price. Over the period under review, production showed a deep slump. The pace of growth was the most pronounced in 2019 when the production volume increased by 233%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Civil Reaction Engine Exports

Exports from France

In 2021, the amount of civil reaction engines exported from France skyrocketed to X units, growing by 198% compared with the previous year's figure. Overall, exports showed a slight increase. The growth pace was the most rapid in 2015 when exports increased by 2,507% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, civil reaction engine exports soared to $X in 2021. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 470%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Italy (X units) was the main destination for civil reaction engine exports from France, with a 81% share of total exports. Moreover, civil reaction engine exports to Italy exceeded the volume sent to the second major destination, the United States (X units), ninefold. Germany (X units) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +96.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+54.1% per year) and Germany (-33.4% per year).

In value terms, the largest markets for civil reaction engine exported from France were the United States ($X), Italy ($X) and the UK ($X), with a combined 66% share of total exports. These countries were followed by Germany, Ireland and Sweden, which together accounted for a further 2.9%.

Among the main countries of destination, Ireland, with a CAGR of +495.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2021, with a decrease of -55.4% against the previous year. Over the period under review, the export price, however, saw a pronounced increase. The pace of growth was the most pronounced in 2020 an increase of 23,168%. As a result, the export price reached the peak level of $X per unit, and then declined significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+55.9%), while the prices for the other major destinations experienced mixed trend patterns.

Civil Reaction Engine Imports

Imports into France

Civil reaction engine imports into France reduced to X units in 2021, dropping by -6.3% on the previous year. Overall, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 41,853%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, civil reaction engine imports soared to $X in 2021. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 644%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of civil reaction engine to France, with a 88% share of total imports. Moreover, civil reaction engine imports from Italy exceeded the figures recorded by the second-largest supplier, Russia (X units), tenfold.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +22.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-53.7% per year) and Norway (+13.8% per year).

In value terms, Italy ($X) constituted the largest supplier of civil reaction engines to France, comprising 71% of total imports. The second position in the ranking was held by Russia ($X), with a 15% share of total imports. It was followed by Norway, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +95.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+8.8% per year) and Norway (+128.6% per year).

Import Prices by Country

The average civil reaction engine import price stood at $X per unit in 2021, jumping by 119% against the previous year. In general, the import price posted significant growth. The pace of growth appeared the most rapid in 2018 an increase of 44,981% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+134.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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