Hong Kong SAR, China: 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 Hong Kong SAR, China

In 2022, the Hong Kong aircraft internal combustion engine market decreased by -15.2% to $X, falling for the fifth consecutive year after three years of growth. In general, consumption faced a abrupt decline. Aircraft internal combustion engine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in Hong Kong SAR, China

In value terms, aircraft internal combustion engine production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a dramatic slump. Aircraft internal combustion engine production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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

Exports from Hong Kong SAR, China

In 2022, shipments abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 66% to X units, rising for the third consecutive year after three years of decline. In general, exports recorded prominent growth. The growth pace was the most rapid in 2016 with an increase of 633% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft internal combustion engine exports soared to $X in 2022. Overall, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2016 with an increase of 523% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X units) and Russia (X units) were the main destinations of aircraft internal combustion engine exports from Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +15.3%).

In value terms, China ($X) and Russia ($X) appeared to be the largest markets for aircraft internal combustion engine exported from Hong Kong SAR worldwide.

Russia, with a CAGR of +3.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, dropping by -7.5% against the previous year. Over the period under review, the export price saw a significant decrease. The pace of growth was the most pronounced in 2018 an increase of 278%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-3.5%), 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 Hong Kong SAR, China

In 2022, overseas purchases of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 17% to X units, rising for the second year in a row after two years of decline. Overall, imports recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 157%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, aircraft internal combustion engine imports shrank to $X in 2022. In general, imports, however, faced a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 73% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Austria (X units) was the main aircraft internal combustion engine supplier to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria amounted to +57.1%.

In value terms, Austria ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from Austria stood at +62.1%.

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, falling by -25.2% against the previous year. In general, the import price recorded a deep setback. The growth pace was the most rapid in 2014 when the average import price increased by 58%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Austria.

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to +3.1% per year.

Source: IndexBox Platform

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