Greece: 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 Greece

In 2022, the Greek aircraft internal combustion engine market increased by 26% to $X, rising for the third year in a row after two years of decline. Overall, consumption posted a perceptible expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

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

In value terms, aircraft internal combustion engine production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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

Exports from Greece

For the third consecutive year, Greece recorded decline in overseas shipments of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, which decreased by -33.3% to X units in 2022. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2019 when exports increased by 5,467%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports surged to $X in 2022. Overall, exports showed a dramatic downturn. The growth pace was the most rapid in 2019 with an increase of 393% 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 remained at a lower figure.

Exports by Country

Turkey (X units), Cyprus (X units) and the United States (X units) were the main destinations of aircraft internal combustion engine exports from Greece, with a combined 88% share of total exports. Moreover, aircraft internal combustion engine exports in Turkey exceeded the figures recorded by the second-largest exporter, Cyprus, twofold.

From 2013 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of +12.2%), while shipments for the other leaders experienced a decline.

In value terms, Turkey ($X) emerged as the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Greece, comprising 82% of total exports. The second position in the ranking was taken by the UK ($X), with a 16% share of total exports. It was followed by Cyprus, with a 1.6% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Turkey totaled -54.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-31.9% per year) and Cyprus (+3.4% per year).

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, growing by 269% against the previous year. Over the period under review, the export price, however, recorded a sharp slump. The most prominent rate of growth was recorded in 2020 an increase of 2,915%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+15.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Greece

In 2022, the amount of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft imported into Greece surged to X units, rising by 127% against 2021 figures. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 4,600% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, aircraft internal combustion engine imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 8,487% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X units) constituted the largest aircraft internal combustion engine supplier to Greece, accounting for a 69% share of total imports. Moreover, aircraft internal combustion engine imports from the UK exceeded the figures recorded by the second-largest supplier, Israel (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK totaled +260.9%.

In value terms, the largest aircraft internal combustion engine suppliers to Greece were Israel ($X) and the UK ($X).

The UK, with a CAGR of +26.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, with a decrease of -25.1% against the previous year. In general, the import price saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 244%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per unit), while the price for the UK amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+39.7%).

Source: IndexBox Platform

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