Indonesia: Market for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft 2024

Market Size for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in Indonesia

The Indonesian aircraft internal combustion engine market contracted significantly to $X in 2022, waning by -28.1% against the previous year. Over the period under review, consumption recorded a slight curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, aircraft internal combustion engine production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 3,652,377,900%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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

Exports from Indonesia

In 2022, after two years of decline, there was significant growth in shipments abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, when their volume increased by 14% to X units. In general, exports recorded a notable increase. The growth pace was the most rapid in 2016 with an increase of 160% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports skyrocketed to $X in 2022. Over the period under review, exports saw a temperate increase. The most prominent rate of growth was recorded in 2016 with an increase of 181%. 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

Oman (X units) was the main destination for aircraft internal combustion engine exports from Indonesia, with a 41% share of total exports. Moreover, aircraft internal combustion engine exports to Oman exceeded the volume sent to the second major destination, Thailand (X units), threefold. The third position in this ranking was taken by South Korea (X units), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Oman totaled +57.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+21.9% per year) and South Korea (+34.9% per year).

In value terms, Oman ($X), Malaysia ($X) and Thailand ($X) appeared to be the largest markets for aircraft internal combustion engine exported from Indonesia worldwide, with a combined 64% share of total exports. South Korea, Iran, the Netherlands, Canada, New Zealand, Germany, Pakistan and Russia lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, South Korea, with a CAGR of +88.0%, recorded 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

In 2022, the average aircraft internal combustion engine export price amounted to $X per unit, with an increase of 4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2015 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Russia ($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 South Korea (+39.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Indonesia

In 2022, approx. X units of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were imported into Indonesia; with a decrease of -27.3% compared with 2021 figures. In general, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2018 with an increase of 103%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, aircraft internal combustion engine imports dropped to $X in 2022. Overall, imports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Canada (X units), France (X units) and Ukraine (X units) were the main suppliers of aircraft internal combustion engine imports to Indonesia, together comprising 63% of total imports. South Korea, Singapore, the United Arab Emirates, Sri Lanka, Thailand and Pakistan lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +50.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft internal combustion engine suppliers to Indonesia were Canada ($X), Singapore ($X) and France ($X), together accounting for 59% of total imports. Ukraine, South Korea, the United Arab Emirates, Sri Lanka, Thailand and Pakistan lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, South Korea, with a CAGR of +164.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, picking up by 27% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aircraft internal combustion engine import price increased by +119.5% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 55%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+76.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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