Kuwait: 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 Kuwait

The Kuwaiti aircraft internal combustion engine market contracted sharply to $X in 2022, which is down by -30.2% against the previous year. Overall, consumption, however, saw measured growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, aircraft internal combustion engine production reached $X in 2022 estimated in export price. In general, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 71% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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

Exports from Kuwait

In 2022, overseas shipments of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 200% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports plummeted to $X in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 651%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for aircraft internal combustion engine exports from Kuwait, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +39.0%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Kuwait.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +41.0%.

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, which is down by -56.3% against the previous year. Over the period under review, the export price, however, continues to indicate a modest increase. The most prominent rate of growth was recorded in 2018 an increase of 182% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.4% per year.

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

Imports into Kuwait

In 2022, approx. X units of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were imported into Kuwait; waning by -17.5% on the previous year's figure. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 492% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, aircraft internal combustion engine imports declined significantly to $X in 2022. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by 1,263% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), the United States (X units) and Italy (X units) were the main suppliers of aircraft internal combustion engine imports to Kuwait, with a combined 92% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Kuwait, comprising 87% of total imports. The second position in the ranking was taken by the UK ($X), with a 13% share of total imports. It was followed by Bahrain, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +80.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+166.4% per year) and Bahrain (+78.8% per year).

Import Prices by Country

In 2022, the average aircraft internal combustion engine import price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2018 when the average import price increased by 429%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+88.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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