ECOWAS: 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 ECOWAS

The ECOWAS aircraft internal combustion engine market reduced slightly to $X in 2022, approximately mirroring the previous year. Overall, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2020 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 ECOWAS

In value terms, aircraft internal combustion engine production declined modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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

Exports in ECOWAS

In 2022, overseas shipments of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports dropped to $X in 2022. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X units) and Senegal (X units) represented the main exporters of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in 2022, amounting to near X% and X% of total exports, respectively. Nigeria (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Mali (X%) and Cote d'Ivoire (X%).

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in ECOWAS amounted to $X per unit, increasing by X% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Aircraft internal combustion engine imports dropped significantly to X units in 2022, with a decrease of X% compared with 2021. Overall, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aircraft internal combustion engine imports soared to $X in 2022. Over the period under review, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria represented the main importer of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in ECOWAS, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Mali (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Niger (X%) and Ghana (X%). Cabo Verde (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In Nigeria, aircraft internal combustion engine imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 Nigeria ($X per unit), while Niger ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :