India: 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 India

In 2022, the Indian aircraft internal combustion engine market decreased by -30.1% to $X, falling for the second year in a row after six years of growth. Over the period under review, consumption, however, continues to indicate prominent growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, aircraft internal combustion engine production totaled $X in 2022 estimated in export price. In general, production enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Aircraft internal combustion engine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from India

In 2022, aircraft internal combustion engine exports from India soared to X units, jumping by 2,091% compared with the year before. Over the period under review, exports enjoyed a significant increase. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine exports surged to $X in 2022. In general, exports enjoyed a moderate expansion. The growth pace was the most rapid in 2013 when exports increased by 294% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for aircraft internal combustion engine exports from India, with a 64% share of total exports. Moreover, aircraft internal combustion engine exports to South Korea exceeded the volume sent to the second major destination, the United States (X units), twofold. Poland (X units) ranked third in terms of total exports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.2% per year) and Poland (0.0% per year).

In value terms, the largest markets for aircraft internal combustion engine exported from India were the United States ($X), South Korea ($X) and the UK ($X), together comprising 27% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +14.3%, saw the highest rates of growth with regard to 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 aircraft internal combustion engine export price stood at $X per unit in 2022, shrinking by -93.7% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 151% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Poland ($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 Hong Kong SAR (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into India

In 2022, purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 50% to X units, rising for the third consecutive year after two years of decline. In general, imports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 1,018%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports dropped remarkably to $X in 2022. Overall, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 126% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Switzerland (X units) constituted the largest supplier of aircraft internal combustion engine to India, with a 46% share of total imports. Moreover, aircraft internal combustion engine imports from Switzerland exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Russia (X units), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Switzerland amounted to +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+15.3% per year) and Russia (+56.9% per year).

In value terms, France ($X), the UK ($X) and the United States ($X) constituted the largest aircraft internal combustion engine suppliers to India, together accounting for 80% of total imports. Switzerland, Russia, Singapore, Canada, Austria and Germany lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, Austria, with a CAGR of +143.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, which is down by -47.1% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 481% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 France ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+443.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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