Peru: 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 Peru

The Peruvian aircraft internal combustion engine market shrank dramatically to $X in 2022, with a decrease of -55.9% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, aircraft internal combustion engine production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 41%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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

Exports from Peru

In 2022, approx. X units of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were exported from Peru; with a decrease of -43.7% compared with 2021. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 2,800% against the previous year. As a result, the exports reached the peak of X units, and then contracted significantly in the following year.

In value terms, aircraft internal combustion engine exports shrank significantly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 4,017% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +37.7%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +36.2%.

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, declining by -9.1% against the previous year. Over the period under review, the export price, however, enjoyed perceptible growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 443% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +173.1% per year.

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

Imports into Peru

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. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 2,200%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports dropped to $X in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 3,127%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of aircraft internal combustion engine to Peru, with a 65% share of total imports. Moreover, aircraft internal combustion engine imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was taken by Ukraine (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.0% per year) and Ukraine (+17.5% per year).

In value terms, Ukraine ($X), the United States ($X) and Canada ($X) constituted the largest aircraft internal combustion engine suppliers to Peru, together comprising 99% of total imports.

Ukraine, with a CAGR of +30.3%, saw the highest growth rate of 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

In 2022, the average aircraft internal combustion engine import price amounted to $X per unit, which is down by -36.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 113% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then contracted remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+13.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :