Philippines: 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 the Philippines

The Philippine aircraft internal combustion engine market skyrocketed to $X in 2022, rising by 70% against the previous year. Over the period under review, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, aircraft internal combustion engine production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 8.7% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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

Exports from the Philippines

After two years of growth, overseas shipments of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft decreased by -89.4% to X units in 2022. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 640%. The exports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, aircraft internal combustion engine exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a notable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 147%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Singapore (X units) and Micronesia (X units) were the main destinations of aircraft internal combustion engine exports from the Philippines, together accounting for 87% of total exports.

From 2013 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +118.7%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for aircraft internal combustion engine exported from the Philippines were Germany ($X), Singapore ($X) and the United States ($X), together accounting for 90% of total exports.

Germany, with a CAGR of +358.7%, 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, picking up by 1,267% against the previous year. Overall, the export price continues to indicate significant growth. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nauru (+1,418.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the Philippines

In 2022, the amount of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft imported into the Philippines soared to X units, growing by 27% on 2021. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 328% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, aircraft internal combustion engine imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 173%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X units) constituted the largest supplier of aircraft internal combustion engine to the Philippines, accounting for a 82% share of total imports. Moreover, aircraft internal combustion engine imports from Singapore exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was taken by the UK (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume from Singapore totaled +69.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+71.5% per year) and the UK (+23.3% per year).

In value terms, Singapore ($X), the UK ($X) and Poland ($X) were the largest aircraft internal combustion engine suppliers to the Philippines, together accounting for 81% of total imports.

Poland, with a CAGR of +69.5%, saw the highest rates of growth with regard to the value of imports, among 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, reducing by -5.4% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by 247% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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