Greece: 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 Greece

The Greek aircraft internal combustion engine market dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

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

In value terms, aircraft internal combustion engine production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Greece

Aircraft internal combustion engine exports from Greece surged to X units in 2022, growing by X% against 2021. Over the period under review, exports, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, aircraft internal combustion engine exports surged to $X in 2022. Overall, exports, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X units) was the main destination for aircraft internal combustion engine exports from Greece, accounting for a X% share of total exports. Moreover, aircraft internal combustion engine exports to Turkey exceeded the volume sent to the second major destination, Cyprus (X units), eightfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and the United States (X% per year).

In value terms, Turkey ($X) emerged as the key foreign market for spark-ignition reciprocating or rotary internal combustion piston engines for aircraft exports from Greece, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Cyprus, with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Cyprus (X% per year).

Export Prices by Country

In 2022, the average aircraft internal combustion engine export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a dramatic decrease. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X,341 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United States ($X 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 Cyprus (X%), while the prices for the other major destinations experienced a decline.

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

Imports into Greece

In 2022, approx. X units of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft were imported into Greece; with an increase of X% compared with the previous year's figure. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 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. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), Turkey (X units) and the Netherlands (X units) were the main suppliers of aircraft internal combustion engine imports to Greece, together accounting for X% of total imports. Moreover, aircraft internal combustion engine imports in the UK exceeded the figures recorded by the second-largest supplier, Turkey, twofold.

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

In value terms, Israel ($X), the UK ($X) and the United States ($X) were the largest aircraft internal combustion engine suppliers to Greece, with a combined X% share of total imports. Turkey, Spain, the Netherlands and Germany lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aircraft internal combustion engine import price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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