U.S. Aircraft Engine And Engine Parts Market. Analysis And Forecast to 2030
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View PricingAircraft Engine Price in the United States - 2023
Contents:
- Aircraft Engine Price in the United States (FOB) - 2022
- Aircraft Engine Price in the United States (CIF) - 2023
- Aircraft Engine Exports in the United States
- Aircraft Engine Imports in the United States
Aircraft Engine Price in the United States (FOB) - 2022
In 2022, the average aircraft engine export price amounted to $7,222 per unit, picking up by 27% against the previous year. In general, the export price, however, showed a sharp curtailment. The export price peaked at $39,429,344 per unit in 2018; however, from 2019 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 France ($17,705 per unit), while the average price for exports to Israel ($747 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 (-51.9%), while the prices for the other major destinations experienced a decline.
Aircraft Engine Price in the United States (CIF) - 2023
In August 2023, the average aircraft engine import price amounted to $292 per unit, declining by -3.9% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 8.1% month-to-month. As a result, import price attained the peak level of $314 per unit. From March 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($819 per unit), while the price for Singapore ($190 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the UK (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Aircraft Engine Exports in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of aircraft engines and engine parts, when their volume decreased by -7.1% to 13M units. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 418,433% against the previous year. Over the period under review, the exports reached the maximum at 15M units in 2021, and then shrank in the following year.
In value terms, aircraft engine exports skyrocketed to $97.2B in 2022. In general, exports showed a deep reduction. Over the period under review, the exports reached the maximum at $129.1B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Aircraft Engine in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.1 | 7.0 | 7.0 | 9.3 | -2.7% |
| France | 13.9 | 7.4 | 7.0 | 8.6 | -14.8% |
| Germany | 10.2 | 7.9 | 8.0 | 8.2 | -7.0% |
| United Kingdom | 9.9 | 6.3 | 5.8 | 7.8 | -7.6% |
| Singapore | 6.2 | 3.5 | 4.5 | 5.0 | -6.9% |
| Mexico | 4.2 | 3.0 | 4.3 | 4.8 | 4.6% |
| Japan | 7.8 | 3.9 | 3.5 | 2.8 | -28.9% |
| United Arab Emirates | 3.7 | 1.4 | 2.0 | 2.7 | -10.0% |
| South Korea | 2.5 | 0.9 | 1.2 | 2.0 | -7.2% |
| Taiwan (Chinese) | 2.6 | 1.8 | 2.0 | 1.8 | -11.5% |
| Netherlands | 2.4 | 1.2 | 1.2 | 1.4 | -16.4% |
| Australia | 1.2 | 0.6 | 1.2 | 1.3 | 2.7% |
| Israel | 1.9 | 0.7 | 0.5 | 0.6 | -31.9% |
| Others | 52.5 | 29.2 | 34.7 | 40.8 | -8.1% |
| Total | 129 | 74.7 | 82.9 | 97.2 | -9.0% |
Top Export Markets for Aircraft Engine from the United States in 2022:
- Canada (1851.2K units)
- South Korea (1497.0K units)
- Mexico (881.4K units)
- Japan (795.5K units)
- Israel (780.6K units)
- Singapore (634.5K units)
- United Arab Emirates (600.3K units)
- Taiwan (Chinese) (527.1K units)
- Netherlands (499.7K units)
- Australia (492.6K units)
- France (488.2K units)
- Germany (486.4K units)
- United Kingdom (441.1K units)
Aircraft Engine Imports in the United States
In 2022, the amount of aircraft engines and engine parts imported into the United States surged to 71M units, picking up by 32% against 2021 figures. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 296,843%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, aircraft engine imports skyrocketed to $21.3B in 2022. Over the period under review, imports, however, continue to indicate a deep contraction. Imports peaked at $28.7B in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Aircraft Engine in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.7 | 3.2 | 3.4 | 4.7 | -18.6% |
| Canada | 3.8 | 2.8 | 3.4 | 4.6 | 6.6% |
| United Kingdom | 3.0 | 1.7 | 1.6 | 2.5 | -5.9% |
| Germany | 2.9 | 2.1 | 1.9 | 2.0 | -11.6% |
| Japan | 1.8 | 1.3 | 1.4 | 1.6 | -3.9% |
| Mexico | 1.5 | 0.9 | 1.0 | 1.2 | -7.2% |
| Poland | 1.0 | 0.7 | 0.8 | 0.9 | -3.5% |
| Turkey | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Italy | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| Singapore | 1.7 | 1.7 | 0.6 | 0.4 | -38.3% |
| Sweden | 0.4 | 0.2 | 0.3 | 0.3 | -9.1% |
| China | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Israel | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 2.4 | 1.9 | 1.6 | 1.6 | -12.6% |
| Total | 28.7 | 17.7 | 17.0 | 21.3 | -9.5% |
Top Suppliers of Aircraft Engine to the United States in 2022:
- France (15.8M units)
- Japan (8.4M units)
- United Kingdom (6.7M units)
- Canada (6.4M units)
- Mexico (6.4M units)
- Germany (4.9M units)
- Poland (4.7M units)
- Italy (2.1M units)
- Turkey (1.9M units)
- Singapore (1.9M units)
- Sweden (1.8M units)
- Israel (1.3M units)
- China (1.3M units)
This report provides an in-depth analysis of the aircraft engine market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 336412 - Aircraft engine and engine parts manufacturing
Companies mentioned:
- Honeywell International
- Rolls-Royce Corporation
- AAR Corp.
- Walbar
- Heico Corporation
- Chromalloy Gas Turbine
- Barnes Group
- Continental Motors
- Turbine Engine Components Technologies - Utica Corporation
- ITT Enidine
- Sifco Industries
- Triumph Composite Systems
- Edac Technologies Corporation
- Pratt and Whitney
- Cfan Company
- Meyer Tool
- GKN Aerospace Chem-Tronics
- GE Aviation Muskegon
- Avio
- CTS Electronic Components
- Sequa Corporation
- Valent Aerostructures
- Heligear Acquisition Co.
- Heico Aerospace Holdings Corp.
- Ducommun Aerostructures
- Strategic Industries
- Yulista Aviation
- Heico Aerospace Corporation
- Advanced Atomization Technologies
- Gb Aero Engine
- HM Dunn Aerosystems
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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