Saudi Arabia: 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 Saudi Arabia

In 2022, the Saudi aircraft internal combustion engine market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, aircraft internal combustion engine production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 44%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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

Exports from Saudi Arabia

After two years of decline, shipments abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft decreased by -31.7% to X units in 2021. Over the period under review, exports, however, showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 259%. Over the period under review, the exports attained the maximum at X units in 2020, and then reduced sharply in the following year.

In value terms, aircraft internal combustion engine exports expanded remarkably to $X in 2021. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 223%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The UK (X units) was the main destination for aircraft internal combustion engine exports from Saudi Arabia, with a 47% share of total exports. Moreover, aircraft internal combustion engine exports to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. The third position in this ranking was held by Germany (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +72.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+29.9% per year) and Germany (+34.0% per year).

In value terms, the UK ($X) remains the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Saudi Arabia, comprising 40% of total exports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +41.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+24.0% per year) and Germany (+14.9% per year).

Export Prices by Country

In 2021, the average aircraft internal combustion engine export price amounted to $X per unit, rising by 68% against the previous year. In general, the export price posted notable growth. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+914.6%), 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 Saudi Arabia

In 2022, the amount of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft imported into Saudi Arabia amounted to X units, with an increase of 12% compared with 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 163% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, aircraft internal combustion engine imports declined to $X in 2022. Overall, imports enjoyed a modest expansion. The growth pace was the most rapid in 2019 when imports increased by 76%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), the UK (X units) and France (X units) were the main suppliers of aircraft internal combustion engine imports to Saudi Arabia, with a combined 87% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +37.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Saudi Arabia, comprising 60% of total imports. The second position in the ranking was held by France ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+78.4% per year) and the UK (+9.4% per year).

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, dropping by -14.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 350%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+29.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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