Scandinavia: 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 Scandinavia

The Scandinavia aircraft internal combustion engine market dropped sharply to $X in 2022, waning by -43.8% against the previous year. In general, consumption saw a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2021, and then contracted rapidly in the following year.

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

In value terms, aircraft internal combustion engine production shrank to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 20% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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

Exports in Scandinavia

In 2022, exports of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in Scandinavia fell rapidly to X units, declining by -45.9% on the previous year. In general, exports faced a sharp reduction. The pace of growth was the most pronounced in 2015 with an increase of 1,950%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aircraft internal combustion engine exports soared to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 446%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Norway was the main exporter of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in Scandinavia, with the volume of exports amounting to X units, which was near 53% of total exports in 2022. Finland (X units) ranks second in terms of the total exports with a 25% share, followed by Sweden (22%).

From 2012 to 2022, average annual rates of growth with regard to aircraft internal combustion engine exports from Norway stood at +10.1%. At the same time, Finland (+11.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +11.2% from 2012-2022. By contrast, Sweden (-32.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway and Finland increased by +52 and +24 percentage points, respectively.

In value terms, Norway ($X) emerged as the largest aircraft internal combustion engine supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was held by Finland ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Norway amounted to +4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+15.6% per year) and Sweden (-31.1% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, jumping by 365% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2014 an increase of 478%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.0%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Scandinavia

In 2022, the amount of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft imported in Scandinavia declined notably to X units, reducing by -71% on the previous year's figure. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 286% against the previous year. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, aircraft internal combustion engine imports shrank remarkably to $X in 2022. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 482% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X units) represented the largest importer of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, comprising 57% of total imports. Norway (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together took near 43% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +6.9%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Finland, with a CAGR of -0.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, surging by 48% against the previous year. Over the period under review, the import price, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2013 when the import price increased by 391%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+23.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform