Vietnam: Market for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft 2025

Market Size for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in Vietnam

The Vietnamese aircraft internal combustion engine market reduced markedly to $X in 2022, which is down by -53.4% against the previous year. Overall, consumption showed a dramatic downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, aircraft internal combustion engine production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 1.8% against the previous year. Aircraft internal combustion engine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Vietnam

Aircraft internal combustion engine exports from Vietnam skyrocketed to X units in 2022, with an increase of 79% compared with 2021 figures. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,229% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,040%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for aircraft internal combustion engine exports from Vietnam, accounting for a 63% share of total exports. Moreover, aircraft internal combustion engine exports to Singapore exceeded the volume sent to the second major destination, the United States (X units), fourfold. Japan (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.5% per year) and Japan (+17.5% per year).

In value terms, the largest markets for aircraft internal combustion engine exported from Vietnam were Singapore ($X), the United States ($X) and Japan ($X), together accounting for 91% of total exports.

Japan, with a CAGR of +214.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aircraft internal combustion engine export price amounted to $X per unit, reducing by -18.2% against the previous year. Over the period under review, the export price, however, saw a measured expansion. The pace of growth appeared the most rapid in 2021 an increase of 101%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Singapore ($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 Japan (+167.6%), 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 Vietnam

After two years of decline, supplies from abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 5% to X units in 2022. In general, imports, however, continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 138%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports reduced slightly to $X in 2022. Over the period under review, imports, however, saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of 157%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of aircraft internal combustion engine to Vietnam, with a 43% share of total imports. Moreover, aircraft internal combustion engine imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Russia (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-35.3% per year) and Russia (-6.7% per year).

In value terms, the largest aircraft internal combustion engine suppliers to Vietnam were the UK ($X), the United States ($X) and Singapore ($X), together accounting for 84% of total imports. France, Australia, Israel, New Zealand, Italy, Japan, Russia, Germany and China lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Australia, with a CAGR of +12.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, falling by -4.9% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 52%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :