Cyprus: Market for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft 2019

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

The revenue of the aircraft internal combustion engine market in Cyprus amounted to $X in 2018, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, aircraft internal combustion engine consumption continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Cyprus aircraft internal combustion engine consumption peaked in 2018 and is expected to retain its growth in the near future.

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

Exports from Cyprus

In 2018, approx. X units of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were exported from Cyprus; picking up by X% against the previous year. In general, the total exports indicated a strong increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, aircraft internal combustion engine exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Cyprus exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, aircraft internal combustion engine exports amounted to $X in 2018. In general, aircraft internal combustion engine exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. In that year, aircraft internal combustion engine exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

Suriname (X units) and the U.S. (X units) were the key exporters of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in 2018, reaching near X% and X% of total exports, respectively. Japan (X units) took an X% share (based on tons) of total exports, which put it in second place, followed by Austria (X%), Italy (X%), Germany (X%) and Saint Vincent and the Grenadines (X%). The following exporters - Canada (X units), the UK (X units), China (X units), Mexico (X units) and Australia (X units) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Suriname (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft internal combustion engine markets from Cyprus were the U.S. ($X), the UK ($X) and Canada ($X), together comprising X% of total exports. Australia, China, Austria, Italy, Germany, Mexico, Cyprus, Japan, Suriname and Saint Vincent and the Grenadines lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The aircraft internal combustion engine export price in Cyprus stood at $X per unit in 2018, coming down by -X% against the previous year. Over the period under review, the aircraft internal combustion engine export price, however, continues to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. In that year, the export prices for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft attained their peak level of $X per unit, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per unit), while Suriname ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan (+X% per year), while the other leaders experienced more modest paces of growth.

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

Imports into Cyprus

Aircraft internal combustion engine imports into Cyprus amounted to X units in 2018, going up by X% against the previous year. Over the period under review, aircraft internal combustion engine imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Cyprus imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, aircraft internal combustion engine imports stood at $X in 2018. In general, aircraft internal combustion engine imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Cyprus imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China (X units), distantly followed by Free Zones (X units), Belgium (X units), France (X units), Morocco (X units) and the U.S. (X units) were the key importers of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft, together comprising X% of total imports. The United Arab Emirates (X units), Singapore (X units), Mozambique (X units), Russia (X units) and Canada (X units) took a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Free Zones (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported spark-ignition reciprocating or rotary internal combustion piston engines for aircraft into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Singapore amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2018, the aircraft internal combustion engine import price in Cyprus amounted to $X per unit, shrinking by -X% against the previous year. In general, the aircraft internal combustion engine import price continues to indicate a sharp slump. The pace of growth was the most pronounced in 2013 when the import price increased by X% year-to-year. Cyprus import price peaked at $X per unit in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Singapore ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Singapore, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform