Latvia: 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 Latvia

The Latvian aircraft internal combustion engine market was estimated at $X in 2022, picking up by 3.3% against the previous year. Over the period under review, consumption, however, continues to indicate a slight downturn. Aircraft internal combustion engine consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

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

In value terms, aircraft internal combustion engine production rose modestly to $X in 2022 estimated in export price. In general, production recorded a mild slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 17%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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

Exports from Latvia

In 2021, aircraft internal combustion engine exports from Latvia was estimated at X units, remaining relatively unchanged against 2020 figures. Over the period under review, exports showed prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 66,800%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, aircraft internal combustion engine exports shrank remarkably to $X in 2021. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of 429,808% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for aircraft internal combustion engine exports from Latvia, accounting for a 75% share of total exports. Moreover, aircraft internal combustion engine exports to the United States exceeded the volume sent to the second major destination, Russia (X units), threefold.

From 2013 to 2021, the average annual rate of growth in terms of volume to the United States totaled -26.5%.

In value terms, the United States ($X) remains the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Latvia, comprising 97% of total exports. The second position in the ranking was taken by Russia ($X), with a 3.4% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of value to the United States totaled -31.0%.

Export Prices by Country

In 2021, the average aircraft internal combustion engine export price amounted to $X per unit, dropping by -25.1% against the previous year. Overall, the export price faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,189%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-6.1%).

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

Imports into Latvia

In 2022, imports of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft into Latvia surged to X units, growing by 27% on the previous year's figure. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 2,050% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, aircraft internal combustion engine imports skyrocketed to $X in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 9,523% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Slovenia (X units) were the main suppliers of aircraft internal combustion engine imports to Latvia, together accounting for 93% of total imports. Moreover, aircraft internal combustion engine imports in the United States exceeded the figures recorded by the second-largest supplier, Germany, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +100.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Norway ($X) appeared to be the largest aircraft internal combustion engine suppliers to Latvia, with a combined 100% share of total imports.

Germany, with a CAGR of +994.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, with an increase of 38% against the previous year. Overall, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 804% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+447.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform