Thailand: 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 Thailand

In 2022, after three years of growth, there was significant decline in the Thai aircraft internal combustion engine market, when its value decreased by -19.5% to $X. Over the period under review, consumption recorded a pronounced decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

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

In value terms, aircraft internal combustion engine production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 0.9% against the previous year. Aircraft internal combustion engine production peaked at $X in 2020; afterwards, it flattened through to 2022.

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

Exports from Thailand

In 2022, approx. X units of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were exported from Thailand; growing by 393% on 2021 figures. In general, exports posted a prominent increase. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports surged to $X in 2022. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 172% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for aircraft internal combustion engine exports from Thailand, accounting for a 51% share of total exports. Moreover, aircraft internal combustion engine exports to Hong Kong SAR exceeded the volume sent to the second major destination, New Zealand (X units), twofold. China (X units) ranked third in terms of total exports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to +161.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+48.6% per year) and China (+159.6% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Thailand, comprising 44% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by New Zealand, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR totaled +380.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+339.2% per year) and New Zealand (+31.8% per year).

Export Prices by Country

The average aircraft internal combustion engine export price stood at $X per unit in 2022, dropping by -61.3% against the previous year. Overall, the export price showed a slight descent. The most prominent rate of growth was recorded in 2013 an increase of 66%. The export price peaked at $X per unit in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to the UK ($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 Hong Kong SAR (+84.1%), 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 Thailand

In 2022, purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 99% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 159%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports soared to $X in 2022. Overall, imports continue to indicate a mild increase. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest aircraft internal combustion engine supplier to Thailand, with a 83% 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), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.6% per year) and the UK (-30.7% per year).

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Thailand, comprising 92% of total imports. The second position in the ranking was held by China ($X), with a 5.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.1% per year) and the UK (-23.4% per year).

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, with an increase of 48% against the previous year. In general, the import price posted a resilient increase. The growth pace was the most rapid in 2021 when the average import price increased by 152%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for China ($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 (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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