Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American aircraft internal combustion engine market soared to $X in 2022, with an increase of 17% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.6% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Production of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in Latin America and the Caribbean

In value terms, aircraft internal combustion engine production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 4.4% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

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

Exports in Latin America and the Caribbean

In 2022, exports of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in Latin America and the Caribbean dropped markedly to X units, with a decrease of -87.6% compared with the previous year. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 305% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports surged to $X in 2022. Over the period under review, exports recorded a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units), Chile (X units), Colombia (X units), Brazil (X units), Mexico (X units) and Ecuador (X units) represented roughly 74% of total exports in 2022. The following exporters - Argentina (X units), Panama (X units), Uruguay (X units), Belize (X units), Suriname (X units), Venezuela (X units) and Bolivia (X units) - together made up 21% of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft internal combustion engine supplying countries in Latin America and the Caribbean were Colombia ($X), Ecuador ($X) and Chile ($X), together accounting for 25% of total exports. Mexico, Peru, Brazil, Venezuela, Suriname, Belize, Uruguay, Argentina, Bolivia and Panama lagged somewhat behind, together accounting for a further 11%.

Belize, with a CAGR of +108.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of 1,757% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+76.3%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2022, purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a notable increase. The growth pace was the most rapid in 2019 with an increase of 226%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports rose notably to $X in 2022. Overall, imports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2017 when imports increased by 38% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X units) represented the main importer of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, mixing up 55% of total imports. Bahamas (X units) ranks second in terms of the total imports with an 11% share, followed by Belize (4.7%). The following importers - Argentina (X units), Falkland Islands (Malvinas) (X units), Bolivia (X units), Honduras (X units) and Mexico (X units) - together made up 17% of total imports.

Imports into Brazil increased at an average annual rate of +11.1% from 2012 to 2022. At the same time, Falkland Islands (Malvinas) (+62.7%), Bolivia (+31.2%), Honduras (+27.0%), Belize (+15.7%) and Argentina (+7.3%) displayed positive paces of growth. Moreover, Falkland Islands (Malvinas) emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +62.7% from 2012-2022. Bahamas experienced a relatively flat trend pattern. By contrast, Mexico (-16.2%) illustrated a downward trend over the same period. While the share of Brazil (+27 p.p.), Falkland Islands (Malvinas) (+3.6 p.p.), Belize (+3.1 p.p.), Bolivia (+3.1 p.p.) and Honduras (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahamas (-4.3 p.p.) and Mexico (-17.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Bahamas ($X) and Argentina ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 42% of total imports. Belize, Mexico, Bolivia, Honduras and Falkland Islands (Malvinas) lagged somewhat behind, together accounting for a further 13%.

Bolivia, with a CAGR of +24.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, which is down by -39.2% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when the import price increased by 149% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Falkland Islands (Malvinas) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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