U.S.: Aircraft Engine Market 2025

Aircraft Engine Market Size in the U.S.

For the fourth consecutive year, the U.S. aircraft engine market recorded growth in sales value, which increased by X% to $X.5B in 2022. Overall, consumption showed a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Aircraft Engine Production in the U.S.

In value terms, aircraft engine production declined modestly to $X in 2022. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Aircraft engine production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Aircraft Engine Exports

Exports from the U.S.

After two years of growth, overseas shipments of aircraft engines and engine parts decreased by X% to X units in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then declined in the following year.

In value terms, aircraft engine exports surged to $X in 2022. Over the period under review, exports continue to indicate a slight curtailment. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units), South Korea (X units) and Mexico (X units) were the main destinations of aircraft engine exports from the United States, together accounting for X% of total exports.

From 2013 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), France ($X) and Germany ($X) were the largest markets for aircraft engine exported from the United States worldwide, together accounting for X% of total exports. The UK, Singapore, Mexico, Japan, the United Arab Emirates, South Korea, Taiwan (Chinese), the Netherlands, Australia and Israel lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aircraft engine export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, faced a dramatic setback. Over the period under review, the average export prices attained the peak figure at $X,344 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Israel ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Aircraft Engine Imports

Imports into the U.S.

Aircraft engine imports into the United States soared to X units in 2022, growing by X% against the previous year's figure. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, aircraft engine imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a measured expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

France (X units), Japan (X units) and the UK (X units) were the main suppliers of aircraft engine imports to the United States, together comprising X% of total imports. Canada, Mexico, Germany, Poland, Italy, Turkey, Singapore, Sweden, China and Israel lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft engine suppliers to the United States were France ($X), Canada ($X) and the UK ($X), together accounting for X% of total imports. Germany, Japan, Mexico, Poland, Singapore, Italy, Turkey, Sweden, China and Israel lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aircraft engine import price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the import price saw a sharp decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X,267 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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