Norway: 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 Norway

In 2022, the Norwegian aircraft internal combustion engine market decreased by -12.8% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, aircraft internal combustion engine production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of 14%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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

Exports from Norway

In 2022, after two years of decline, there was significant growth in overseas shipments of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, when their volume increased by 142% to X units. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 4,100% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports soared to $X in 2022. Overall, exports continue to indicate a notable increase. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X units) was the main destination for aircraft internal combustion engine exports from Norway, accounting for a 46% share of total exports. Moreover, aircraft internal combustion engine exports to Denmark exceeded the volume sent to the second major destination, Latvia (X units), fourfold. The third position in this ranking was taken by South Africa (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Denmark totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (0.0% per year) and South Africa (-37.1% per year).

In value terms, Denmark ($X), Malaysia ($X) and Indonesia ($X) constituted the largest markets for aircraft internal combustion engine exported from Norway worldwide, with a combined 80% share of total exports. Latvia, South Africa, Sweden, New Zealand, the United States, Poland, the Czech Republic, Canada, Germany and Hungary lagged somewhat behind, together comprising a further 15%.

New Zealand, with a CAGR of +136.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, surging by 143% against the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when the average export price increased by 215% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Hungary ($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 Africa (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Norway

In 2022, supplies from abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft was finally on the rise to reach X units after two years of decline. Over the period under review, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 with an increase of 644%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports surged to $X in 2022. In general, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 3,783% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Canada (X units) were the main suppliers of aircraft internal combustion engine imports to Norway, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +34.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Norway, comprising 58% of total imports. The second position in the ranking was held by Canada ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-6.3% per year) and Germany (+29.7% per year).

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, rising by 58% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 924%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($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 (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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