ASEAN: 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 ASEAN

The ASEAN aircraft internal combustion engine market reduced remarkably to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

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

In value terms, aircraft internal combustion engine production stood at $X in 2022 estimated in export price. Overall, production saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports in ASEAN

In 2022, approx. X units of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were exported in ASEAN; rising by X% against the year before. In general, exports enjoyed a resilient expansion. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft internal combustion engine exports skyrocketed to $X in 2022. Overall, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. Singapore (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports, with a CAGR of X% from 2012 to 2022. Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, Thailand ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand amounted to $X per unit.

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

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

Imports in ASEAN

After three years of decline, supplies from abroad of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft increased by X% to X units in 2022. Overall, imports posted a temperate increase. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, aircraft internal combustion engine imports soared to $X in 2022. In general, imports showed noticeable growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) represented the key importer of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, comprising X% of total imports. It was distantly followed by Vietnam (X units), the Philippines (X units), Singapore (X units) and Indonesia (X units), together committing a X% share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, the Philippines (X%), Singapore (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Thailand and Singapore increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in ASEAN, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Singapore, aircraft internal combustion engine imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then fell rapidly in the following year.

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 Singapore ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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