Uruguay: 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 Uruguay

In 2022, the Uruguayan aircraft internal combustion engine market increased by 182% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, aircraft internal combustion engine production declined to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 12%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports from Uruguay

In 2022, after four years of growth, there was significant decline in overseas shipments of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, when their volume decreased by -20% to X units. Overall, exports, however, saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of 233% against the previous year. The exports peaked at X units in 2021, and then fell remarkably in the following year.

In value terms, aircraft internal combustion engine exports dropped remarkably to $X in 2022. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 493%. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +14.9%.

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled +9.5%.

Export Prices by Country

In 2022, the average aircraft internal combustion engine export price amounted to $X per unit, approximately equating the previous year. In general, the export price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2020 an increase of 98%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood 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 Germany amounted to +11.5% per year.

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

Imports into Uruguay

For the third year in a row, Uruguay recorded growth in overseas purchases of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, which increased by 11% to X units in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 100%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports soared to $X in 2022. In general, imports saw a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by 674%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the United States (X units) was the main aircraft internal combustion engine supplier to Uruguay, accounting for a 90% share of total imports. Moreover, aircraft internal combustion engine imports from the United States exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +24.6%.

In value terms, the United States ($X) constituted the largest supplier of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft to Uruguay, comprising 100% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +35.1%.

Import Prices by Country

In 2022, the average aircraft internal combustion engine import price amounted to $X per unit, increasing by 54% against the previous year. In general, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2013 an increase of 323%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Czech Republic totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.3%).

Source: IndexBox Platform

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