Western Africa: 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 Western Africa

In 2022, the West African aircraft internal combustion engine market increased by 2.2% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption showed a resilient expansion. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

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

In value terms, aircraft internal combustion engine production fell modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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

Exports in Western Africa

In 2022, shipments abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft decreased by -17.6% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine exports skyrocketed to $X in 2022. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 232% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, namely Ghana, Cote d'Ivoire and Senegal, represented more than two-thirds of total export. Nigeria (X units) ranks next in terms of the total exports with an 11% share, followed by Benin (7.1%) and Mali (7.1%). Guinea (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Benin (with a CAGR of +7.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Ghana ($X), Mali ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 50% of total exports. Senegal, Cote d'Ivoire, Benin and Guinea lagged somewhat behind, together comprising a further 12%.

Benin, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, picking up by 59% against the previous year. In general, the export price posted a prominent increase. The pace of growth was the most pronounced in 2021 when the export price increased by 238% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Mali ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+37.9%), while the other leaders experienced more modest paces of growth.

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

Imports in Western Africa

In 2022, purchases abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by 19% to X units, rising for the second consecutive year after two years of decline. In general, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when imports increased by 101%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, aircraft internal combustion engine imports expanded slightly to $X in 2022. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 138% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria represented the key importing country with an import of about X units, which amounted to 56% of total imports. Ghana (X units) ranks second in terms of the total imports with a 25% share, followed by Mali (4.9%). The following importers - Senegal (X units), Burkina Faso (X units), Cabo Verde (X units), Mauritania (X units) and Cote d'Ivoire (X units) - together made up 13% of total imports.

From 2012 to 2022, average annual rates of growth with regard to aircraft internal combustion engine imports into Nigeria stood at +6.8%. At the same time, Mali (+30.2%), Mauritania (+19.6%), Burkina Faso (+7.2%), Ghana (+5.4%) and Senegal (+2.3%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +30.2% from 2012-2022. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Cabo Verde (-1.5%) illustrated a downward trend over the same period. Nigeria (+6.5 p.p.) and Mali (+4.3 p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde saw its share reduced by -2.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in Western Africa, comprising 64% of total imports. The second position in the ranking was held by Ghana ($X), with a 16% share of total imports. It was followed by Mali, with an 8.1% share.

In Nigeria, aircraft internal combustion engine imports increased at an average annual rate of +11.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+5.9% per year) and Mali (+16.1% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, dropping by -14.7% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the import price increased by 48%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+84.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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