Guatemala: 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 Guatemala

In 2022, the Guatemalan aircraft internal combustion engine market decreased by -42.4% to $X, falling for the third consecutive year after three years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

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

In value terms, aircraft internal combustion engine production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 366,671,500% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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

Exports from Guatemala

In value terms, aircraft internal combustion engine exports soared to $X in 2022. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,817% 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 stood at a somewhat lower figure.

Exports by Country

In value terms, Brazil ($X) remains the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Guatemala, comprising 89% of total exports. The second position in the ranking was held by Honduras ($X), with a 4.7% share of total exports. It was followed by the United States, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil stood at +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+0.4% per year) and the United States (-18.9% per year).

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

Imports into Guatemala

After two years of decline, purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft decreased by -53.6% to X units in 2022. Overall, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2014 when imports increased by 228% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, aircraft internal combustion engine imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 290%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) was the main supplier of aircraft internal combustion engine to Guatemala, with a 92% share of total imports. Moreover, aircraft internal combustion engine imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +2.5%.

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Guatemala, comprising 98% of total imports. The second position in the ranking was held by Canada ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +12.2%.

Import Prices by Country

In 2022, the average aircraft internal combustion engine import price amounted to $X per unit, increasing by 219% against the previous year. Overall, the import price recorded a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+80.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform