Lithuania: 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 Lithuania

The Lithuanian aircraft internal combustion engine market stood at $X in 2022, rising by 6.7% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

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

In value terms, aircraft internal combustion engine production totaled $X in 2022 estimated in export price. In general, production saw a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 90%. Over the period under review, production hit record highs 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 Lithuania

In 2022, the amount of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exported from Lithuania reduced markedly to X units, which is down by -97.3% against the previous year's figure. Over the period under review, exports faced a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 429% against the previous year. As a result, the exports attained the peak of X units, and then contracted sharply in the following year.

In value terms, aircraft internal combustion engine exports dropped remarkably to $X in 2022. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 1,026% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for aircraft internal combustion engine exports from Lithuania, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Norway was relatively modest.

In value terms, Norway ($X) emerged as the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Lithuania.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at +11.8%.

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, rising by 61% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 2,377% 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 failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +11.8% per year.

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

Imports into Lithuania

In 2022, supplies from abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 289% to X units, rising for the second year in a row after two years of decline. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 350%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, aircraft internal combustion engine imports skyrocketed to $X in 2022. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 1,496% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of aircraft internal combustion engine to Lithuania, accounting for a 83% share of total imports. Moreover, aircraft internal combustion engine imports from the United States exceeded the figures recorded by the second-largest supplier, Ukraine (X units), more than tenfold. Australia (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (0.0% per year) and Australia (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Lithuania, comprising 97% of total imports. The second position in the ranking was taken by Poland ($X), with a 1.7% share of total imports. It was followed by the UK, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (0.0% per year) and the UK (-26.0% per year).

Import Prices by Country

In 2022, the average aircraft internal combustion engine import price amounted to $X per unit, rising by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 1,017% against the previous year. Over the period under review, average import prices reached the peak figure 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 the United States ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+207.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform