Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American aircraft internal combustion engine market rose rapidly to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in Latin America and the Caribbean

In value terms, aircraft internal combustion engine production expanded to $X in 2022 estimated in export price. In general, production, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2022, shipments abroad 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. Overall, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aircraft internal combustion engine exports soared to $X in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Chile (X units), Colombia (X units), Brazil (X units) and Mexico (X units), together mixing up a X% share of total exports. The following exporters - Argentina (X units) and Peru (X units) - each amounted to a X% share of total exports.

Venezuela 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. At the same time, Peru (X%) and Argentina (X%) displayed positive paces of growth. By contrast, Colombia (X%), Chile (X%), Mexico (X%) and Brazil (X%) illustrated a downward trend over the same period. Venezuela (X p.p.), Colombia (X p.p.), Chile (X p.p.), Peru (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Venezuela ($X), Colombia ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Venezuela, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price recorded prominent growth. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 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 Colombia ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (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 Latin America and the Caribbean

Aircraft internal combustion engine imports soared to X units in 2022, rising by X% against 2021. Overall, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aircraft internal combustion engine imports expanded notably to $X in 2022. In general, imports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the key importer of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in Latin America and the Caribbean, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Bolivia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%) and Antigua and Barbuda (X%). Belize (X units), Honduras (X units) and Panama (X units) held a minor share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Bolivia (X%), Antigua and Barbuda (X%), Panama (X%), Argentina (X%) and Belize (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Honduras (X%) illustrated a downward trend over the same period. While the share of Bolivia (X p.p.), Brazil (X p.p.), Antigua and Barbuda (X p.p.), Argentina (X p.p.) and Panama (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Honduras (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported spark-ignition reciprocating or rotary internal combustion piston engines for aircraft in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Belize, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Belize (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Belize ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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